Talent drop as SAR trails Lion City

Hong Kong has been overtaken by Singapore in a global survey on fostering and attracting talent due to inadequate investment in education.

The city dropped six places to 18th on the annual World Talent Ranking report published by the Switzerland-based International Institute for Management Development Business School.

The SAR's cost-of-living index, based on goods and services, including housing, stood at 126.4, making it 61st among those assessed. Singapore was 58th.

The quality of life also caused Hong Kong to fall behind. The SAR was 32nd, 14 places behind Singapore.

Hong Kong failed to excel in language skills, as it was 32nd, while Singapore was eighth. The SAR was just four spots higher than China.

Alexa Chow Yee-ping, managing director of AMAC Human Resources Consultants, said the decline in Hongkongers' language skills and quality of life will hinder the city's ability to attract and retain talent. "It will be hard to work here if we can't provide talent with a proper quality of life," Chow said.

Extract from                           The Hong Kong Standard                          21 November 2018