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Finland at the top of WEF’s Human Capital Index

May 26th, 2015 by ProOrbis

The World Economic Forum’s Human Capital Index ranks 124 countries on how well they are developing and deploying their human capital, focusing on education, skills and employment. The report aims to understand whether countries are wasting or leveraging their human potential. In its most recent release, the report ranked Finland as the number one country in the world. The report stated that Finland is the country with the overall highest score on the ‘ease of finding skilled employees’ indicator and also has a well-educated young population.

Klaus Schwab, WEF’s founder and executive chairman, went on to write that “talent, not capital will be the key factor linking innovation, competitiveness and growth in the 21st century.” He wrote, “More than a third of employers globally reported facing difficulties in finding talent last year and nearly half expected talent shortages to have a negative impact on their business results. Yet the world’s pool of latent talent is enormous.”

ProOrbis’s Framework is founded on the principal of valuing human capital. It is important to understand that the value that each employee brings to an organization is different. Klaus Schwab’s words further describe the difference between the value of an employee’s contribution and his/her resume. He reiterates the ongoing need for companies to understand their human capital productivity and how to further improve their organization.

 

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