The World Economic Forum (WEF) on 28 June 2016 released the Human Capital Report 2016.
The WEF prepared the report in collaboration with Mercer, an American global human resource and related financial services consulting firm.
The report presents an analysis by focusing on a number of key issues that can support better design of education policy and future workforce planning.
The Human Capital Index 2016 ranks 130 countries on how well they are developing and deploying their human capital potential.
Top ten Countries in the Human Capital Index are:
New Zealand (6)
The Netherlands (8)
Bottom ten Countries in the Human Capital Index are:
Côte d'Ivoire (123)
India’s position in the Human Capital Index
• India occupied the 105th position among the 130 countries surveyed in the Index. In 2015, India's position was 100th among the 124 countries surveyed in the Index.
• In the Asia-Pacific region, it is placed behind Sri Lanka (50), China (71), Indonesia (72), Iran (85), Bhutan (91) and Bangladesh (104).
• India has secured 62nd, 98th, 106th, 119th and 120th position in the 0 to 14, 15 to 24, 25 to 54, 55 to 64, and 65 and Over categories respectively.
• It has also ranked poorly on labour force participation. However, it received solid rankings on Quality of education system, Staff training and Ease of finding skilled employees indicators.
About the report
The Human Capital Index assesses Learning and Employment outcomes on a scale from 0 (worst) to 100 (best) across five distinct age groups to capture the full demographic profile of a country:
• 0 to 14 years: The youngest members of the population for whom education is assessed among the most critical factors
• 15 to 24 years: Youth for whom factors such as higher education and skills use in the workplace are assessed
• 25 to 54 years: The bulk of the labour force, for whom continued learning and employment quality are assessed
• 55 to 64 years: The most senior members of most workforces for whom attainment and continued engagement are assessed
• 65 and Over: The oldest members of the population, for whom both continued opportunity and health are assessed
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When: 28 June 2016