Indonesia's Human Resource Competitiveness is Not Prominent in Southeast Asia

Adi Ahdiat 26/01/2024 16:36 WIB

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According to the IMD World Talent Ranking, Indonesia's human capital competitiveness in 2023 was not prominent in Southeast Asia, lagging behind Singapore, Malaysia, and Thailand.

Southeast Asian Human Capital Competitiveness Score according to the IMD World Talent Ranking (2023)

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Southeast Asian Human Capital Competitiveness Score according to the IMD World Talent Ranking (2023)

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Indonesia's human resource (HR) competitiveness in 2023 was not prominent in Southeast Asia, lagging behind Singapore, Malaysia, and Thailand.

This is evident from the World Talent Ranking report released by the Institute for Management Development (IMD), a Swiss research institution.

IMD assesses HR competitiveness through three major indicators: investment and development of domestic HR; the country's ability to attract skilled HR from abroad (appeal); and the overall readiness of HR.

Investment and development are assessed based on the portion of government spending on the education sector, the ratio of education budget to the number of students, the student-teacher ratio, and so on.

Appeal is assessed based on the cost of living index, quality of life surveys, employee motivation surveys, the number of skilled foreign workers, and so on.

Readiness is measured by workforce growth, the proportion of skilled workers, the educational attainment of the population, and student performance based on PISA tests.

These factors are then formulated into a score on a scale of 0-100 points. The higher the score, the better the assumed competitiveness.

Using this method, in 2023 Indonesia achieved an HR competitiveness score of 51.13 out of 100 points.

Indonesia only achieved 4th place out of the 5 Southeast Asian countries researched by IMD, as shown in the graph.

According to IMD data, Indonesia's score is not prominent due to various factors, such as relatively low education spending, a limited number of teachers, and low student performance based on PISA test results.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."