Singapore has climbed to the top of the annual world rankings for competitiveness, this time, according to a report by the World Economic Forum (WEF). The city-state beat the United States, Hong Kong and the Netherlands to the spot.
The Global Competitiveness Report evaluates countries along 12 basic pillars, including the strength of their institutions, capability for innovation and workforce skills among others. They key takeaways for us as Immigration professionals are :
- The pillars which Singapore ranked highly at are in tandem with the key reasons for individuals to settle in Singapore as PRs or Citizens
- There is much room for improvement in the areas of labour markets and the foreign talent policies
- While having the ability to attract MNCs and Tech bigwigs such as Google, Facebook and LinkedIn, the local talent pool may not offer the necessary expertise these companies require
- The gap between the skills of its current and future workforce underscores the need for lifelong learning
Some of the pointers above present opportunities in sharpening the talent pool and funneling only qualified applicants to attain Singapore PR and Citizenship approvals. This also echoes what the authorities have been implementing in the last few years thru the Selective Immigration policy. As Immigration professionals, we value add to our clients by applying well-thought out strategies backed by research and current affairs. We identify key areas in our client profiles to present to ICA through a solid Singapore PR / Citizenship documents package.
The result? Our stellar track record.