CRITERIA OF GLOBAL TALENT COMPETITIVENESS: CASES OF TURKEY & LITHUANIA

Year 2015, Volume: 10 Issue: 1, 0 - 0, 11.01.2016

Antanas Buracas

Abstract

The new system of comparative assessment of global talent competitiveness (GTC) & evaluation of its effective use is one of the accents of latest knowledge economics developments. At the same time, the comparisons of more detailed international evaluation constructed on this approach (by INSEAD together with Human Capital Leadership Institute) can reveal the reliability of criteria of this technique used by scientists for determining the impact of talents growth on the economic competitivity in general.
The authors of the performed study provided a theoretical framework and empirical viewing for the complex evaluation of the GTC determinants based on multiple criteria assessment methodology. The principal approach was to compare the results of international comparisons of GTC and the situation in fact taking Lithuania for a case study and comparing it with evaluation of Turkey. The formulated main multiple criteria evaluation principles are focused on the knowledge components interdependencies with global talent determinants, also criterial systems used for the innovation strategies & comparative criterial evaluations.
The proposed research approach is oriented towards detailing & suggestions concerning widely used GTC criterial system for purposes of evaluation of the talent potential determinants in particular country with account of multicriteria decision making system possibilities. The GTC index is an important analytical instrument for developing global talent management, distributing material & intellectual resources for stimulating talented people, also programming tax incentives for business to train employees; anticipating some shortages of human capital and highly skilled labour. The practical evaluation of more detailed comparisons of the GTC pillars in the research confirmed the reliability of GTC criteria for evaluating the talents growth determinants and their impact on the economic competitivity in general. The analysis done in the review also substantiated the premises for a new GTC approach to strategic programming of sustainable economic development.

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