Russia has become less attractive for skilled professionals

2020-11-16

In 2020, Russia ranked 54th place out of 63 in the rating of attractiveness for talent (IMD World Talent Ranking 2020), LENTA.RU reports. During the year, the country slipped 7 positions and caught up with Colombia, Mexico, Venezuela and Romania.

Leaders on the list of IMD’s World Talent Ranking are Switzerland, Denmark, Luxembourg, Iceland, Sweden, Austria, Norway, Canada, Singapore, Netherlands. Germany and the United States ranked 11th and 15th respectively. The last lines are for Mongolia and India.

The rating assesses most countries of the world in terms of opportunities for attracting and training qualified specialists and allows for the assessment of human resources and the global competitiveness of economies in three key parameters:

  • promotion of local talent
  • the extent the country is able to retain its skilled workers and attract employees from abroad
  • the number of skills and competencies of employees

The Accounts Chamber believes that the underfunding of the national project “Science” leads to a lag in salaries in the scientific field and consequently, to a “brain drain”.

Russia with its resource-based economy is on the periphery of world capitalism. Enterprises in high-tech industries that have special requirements for their personnel, unfortunately, have a tendency to “go bankrupt” or lead to a miserable existence. The process of degradation has been going on for several years and there is no end in sight as of yet.

Our readers can gain a deeper insight into the Russian economy from an interview with Oleg Komolov – economist, journalist, associate professor
at the Plekhanov Russian University of Economics and member of the acclaimed ROT FRONT party.

Higher education is constantly being privatized and commercialized, thereby becoming less and less accessible to Russians, which affects the “scope of skills and competencies”.

The situation in the country was quite different under the planned socialist economy. The development of industry, education, medicine, the absence of unemployment instilled in people hope and confidence in the future. Now, this Soviet reserve, which allows people to successfully develop and self-actualize, has been reduced to almost nothing. This, in turn, caused “brains to drift towards warmer countries.”

No matter what grandiose plans our authorities make, no matter what formidable words they say from the raised pedestals, this will not lead our country out of the backyard of the world economy and make it attractive for qualified specialists. At least so far there is capitalism in Russia.