IMD research reveals executives are deprioritizing quality of life and cultural fit when contemplating overseas offers.
Luxembourg ranks second out of 69 countries in the International Institute for Management Development (IMD) ranking, improving its overall ranking. While Switzerland remains the undisputed leader, Singapore, ranked second in 2024, has dropped to seventh. As in previous years, the Grand Duchy posted its best results in investment (second) and attractiveness (fourth). However, labor availability remains the major challenge (25th).
Luxembourg ranks second in the overall ranking, returning to its 2023 ranking. Behind the undisputed Switzerland, it is ahead of Iceland (third). Hong Kong enters the top four. Singapore, which, for the first time since the ranking’s launch in 2014, was among the leaders in the 2024 ranking, has dropped to seventh.
The results of the 2025 IMD World Talent Ranking (WTR) may aid strategies of multinational corporations struggling to fill international roles. “Financial incentives are highest for executives in countries experiencing economic uncertainty or rapid change, and lowest in environments considered to be financially secure or predictable,” said José Caballero, WCC Senior Economist.
English: Further details on the findings are expanded on in the online report compiled by researchers at the IMD World Competitiveness Center (WCC).
View the full online report: https://www.imd.org/centers/wcc/world-competitiveness-center/rankings/world-talent-ranking/
View the analysis in French by the Luxembourg Chamber of Commerce