OECD Nations Competing to Attract Top Talent: Insights from the ITA 2023 Report

The OECD's ITA 2023 report highlights countries' capacity to attract and retain talented migrants.

In today's globalized world, countries are competing to attract and retain the best talent from around the world. Talented and skilled individuals have become essential for driving economic growth, innovation, and creating new job opportunities. In response, OECD countries are continually striving to improve their attractiveness to foreign professionals by offering more favorable migration policies and improving living conditions for all.

On March 13, 2023, the OECD released its Indicators of Talent Attractiveness (ITA) 2023 report, which is the first comprehensive tool to capture the strengths and weaknesses of OECD countries regarding their capacity to attract and retain different types of talented migrants. The report evaluates different areas such as jobs, education, lifestyle, and culture to determine which countries have the best conditions for foreign professionals to settle down.

Top Performers

According to the ITA 2023 report, New Zealand, Sweden, Switzerland and Australia are the top performers in terms of their capacity to attract and retain top talent. These countries have consistently ranked high in various areas such as work-life balance, education, and social welfare. Moreover, these countries have been proactive in implementing migration policies that make it easier for foreign professionals to settle down.

Improving Living Conditions for All

Talented and skilled individuals play a crucial role in driving economic growth and creating new jobs while improving living conditions for all. The ITA 2023 report highlights the importance of attracting foreign professionals and improving living conditions to remain competitive in the global marketplace. By offering better employment opportunities, education, healthcare, and social welfare, countries can retain talented individuals and boost economic growth.

Insights for Policy Makers

The ITA 2023 report provides valuable insights for policy makers to continue developing policies that improve living conditions and attract foreign talent. Policy makers can use the report's findings to identify areas where they need to improve and develop policies that make it easier for foreign professionals to settle down.

Conclusion

The ITA 2023 report underscores the importance of attracting and retaining top talent in driving economic growth and creating new job opportunities. As countries compete to attract foreign professionals, the report provides a comprehensive tool for evaluating their strengths and weaknesses. By offering better living conditions and more favorable migration policies, countries can attract and retain talented individuals and remain competitive in the global marketplace.

If you are considering immigrating to New Zealand or any of the other top-performing countries, contact the Licensed Immigration Advisers at Professional Visa Solutions for comprehensive advice on the process. They will help ensure every step is taken with ease and confidence so that you can start building a better life in no time.

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