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Singapore ranked world No.3 for making most of workers

WEF index sees it follow Switzerland and Finland in making most of workers

Published on Oct 2, 2013 7:33 AM
 
Office workers walking in Tanjong Pagar. A new index that measures a country's ability to make the most of its workers has ranked Singapore as the third most successful in the world and the best in Asia. -- ST FILE PHOTO: TED CHEN

A new index that measures a country's ability to make the most of its workers has ranked Singapore as the third most successful in the world and the best in Asia.

The Human Capital Index, developed by the Geneva-based World Economic Forum (WEF), put Singapore just behind Switzerland and Finland in maximising the long-term potential of its labour force.

Of the 122 countries assessed, Japan was the only other Asian country to make it to the top 20 - in 15th place. The United States was one spot behind.

Not far below were Malaysia and South Korea, in 22nd and 23rd places respectively, while China - the top-ranking BRIC nation - came in at 43rd.

 
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Background story

Human Capital Index rankings

TOP 10

1. Switzerland

2. Finland

3. Singapore

4. The Netherlands

5. Sweden

6. Germany

7. Norway

8. United Kingdom

9. Denmark

10. Canada

OTHERS
(Selected countries)

15. Japan

16. United States

19. Australia