These are the top 10 global talent hubs in the world — and the U.S. isn't one of them

For the eleventh consecutive year, Switzerland topped the list as the world's most talent-competitive country, according to the IMD 2024 World Talent Ranking, signaling its strong and stable talent pool despite the rapidly changing global work landscape.

The ranking measures how economies around the world perform when it comes to sustaining their pool of talent. This year, the list was developed through a combination of survey answers and hard data from the IMD World Competitiveness Center and external sources across 67 economies globally.

This data is broken down into three buckets: investment in and development of homegrown talent, appeal (the extent to which a country taps into the overseas talent pool) and readiness (the availability of skills and competencies in the talent pool), according to the report.

These are the 10 most talent-competitive economies globally:

European countries dominated this year's ranking, landing in eight of the top ten positions. Two economies in Asia also made the list with Singapore and Hong Kong landing at second and ninth place, respectively.

The United States, however, did not make the top 10 and fell six spots to 21st place this year. Notably, the U.S. also fell from second in 2020 to 14th in 2024 in the appeal category, impacted by the country's cost of living and collected personal income tax rate.

The U.S. also fell in the readiness category to 32nd this year. The country was rated as below average in language skills or the availability of language skills to meet the needs of enterprises, landing at 47 out of 67 economies globally.

Switzerland remains at the forefront of talent competitiveness, topping the list since the ranking's inception in 2014. The country dominates on investment and