1. Talent competitiveness - No. 1 in Asia, No. 10 in the world

• Source: IMD, IMD World Talent Ranking 2019

2. Attractiveness to global talent - No. 2 in the world

• Source: European Institute of Business Administration, 2019 Global Talent Competitiveness Index

3. Attractiveness to entrepreneurial talent - No. 2 in the world

• Source: Startup Genome, 2019 Global Startup Ecosystem Report

Skilled and experienced talent

1. More than 50% of employees are skilled tech talent

• Source: World Economic Forum, 2017 Global Human Capital Report

2. Singapore boasts an adult literacy rate of 97.5%

• Source: Statistics Singapore, Education, Language Spoken and Literacy 2019 (residents aged 15 and above)

3. Top in Asia for English proficiency

• Source: EF English, 2019 EF English Proficiency Index

For decades, Singapore has possessed the most competitive labor force in the world, made up of highly educated and highly skilled individuals. More than 30% of the workforce possess a university degree, and 15% of the workforce possess a diploma or professional qualification.

Singapore's bilingual education policy also means that Singaporeans are fluent in English, and can speak at least one other language, such as Mandarin, Malay or Tamil.

Diversified talent pool

1. Second-most liveable city for overseas Chinese in the world

• Source: HSBC, Expat Explorer Survey 2019

2. More than 70% of residents (aged 15 and above) who have received education possess the ability to read in two or more languages

• Source: Statistics Singapore, General Household Survey 2015

As a cosmopolitan city, Singapore hosts highly-skilled individuals from different countries and backgrounds. From junior employees to the top brass, Singapore has been attracting the world's best talents.

As a pivotal regional hub, Singapore has diversified industries with employees from different Asian labor markets. This has also established beneficial exchanges with these markets. Singaporean talent thus possess rich "Asian experience" and are all generalists. Their in-depth understanding of the Asian market will greatly help your business.

Singapore is committed to empowering its talent through continuous training to ensure that they can adapt to rapidly changing business needs and technological progress. Singapore's government, universities, research institutes and other public sectors and industries are also working closely to create a sustainable talent pool and inject momentum into future-oriented businesses.

The National Plan

The Singapore government has launched programs such as SkillsFuture to help Singaporeans improve their skills or learn new skills. This means that there will always be employees with skills that match your business requirements.

Singapore is also improving the digital capabilities of its talent. TechSkills Accelerator (TeSA), a SkillsFuture initiative, provides employees with a variety of training courses to ensure their competence in digital and technology roles.

1. From 2015 to 2020, the Singapore government will spend an average of SGD $1 billion (about RMB 5 billion) annually on continuing education and training

• Source: Ministry of Finance of Singapore, Singapore Budget 2019, Budget Statement

2. Attracting and empowering talents - No. 1 in Asia

• Source: European Institute of Business Administration (INSEAD), Global Talent Competitiveness Index 2020

Industry-University collaborations

Singapore's world-class universities and colleges are keenly aware of the needs of the industry and work closely with industries to meet them. They have established partnerships with leading companies such as IBM, Salesforce, Rolls Royce, Keppel and Applied Materials, and have trained future talent in the fields of artificial intelligence, biotechnology, blockchain technology, data analysis and robotics.

In addition to the six local universities in Singapore, there are also more than 14 foreign universities and 24 professional education institutions, providing a series of professional degree courses in the business, science and technology, and art industries, thus ensuring a strong pool of skilled talent for the future.

1. Top universities - two local universities (National University of Singapore and Nanyang Technological University), ranking first in Asia and eleventh in the world

• Source: Quacquarelli Symonds(QS), QS World University Rankings

2. University-industry research collaboration - No. 10 in the world

• Source: Cornell University, European Institute of Business Administration (INSEAD) and World Intellectual Property Organization, Global Innovation Index 2019