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Understanding the Human Capital Index

THE WORLD ECONOMIC FORUM'S HUMAN CAPITAL INDEX The Human Capital Index seeks to raise awareness of the factors that contribute to the development of a healthy and productive labor force. DEVELOPING HUMAN CAPITAL INDIVIDUAL AND NATIONAL FINANCIAL SUCCESS BETTER GLOBAL ECONOMY Human capital index is determined by an un-weighted average of the following four pillar scores:* The Four Pillars of Human Capital WORKFORCE & EMPLOYMENT EDUCATION III HEALTH & WELLNESS ENABLING II IV ENVIRONMENT EDUCATION "The Education pillar contains indicators relating to quantitative and qualitative aspects of education across primary, secondary and tertiary levels and contains information on both the present workforce as well as the future workforce."1 THIS PILLAR IS MEASURED BY THE FOLLOWING INDICATORS: Primary enrollment rate (%) Secondary enrollment rate (%) Tertiary enrollment rate (%) Education gender gap ACCESS #1 #2 Quality of the education system Quality of primary schools Quality of math and science education Quality of management schools QUALITY #121 #122 Primary education attainment (% population age +25) Secondary education attainment (% population age +25) Tertiary education attainment (% population age +25) ATTA INMENT COUNTRY RANKING / 122 II HEALTH & WELLNESS "The Health and Wellness pillar contains indicators relating to a population's physical and mental well-being, from childhood to adulthood. THIS PILLAR IS MEASURED BY THE FOLLOWING INDICATORS: #1 #2 Infant mortality (per 1,000 live births) Life expectancy Survival gender gap SURVIVAL Stunting and wasting (% in children under 5) Unhealthy life years (% of life expectancy) HEALTH Deaths under 60 from non-communicable diseases (% of all NCD deaths) Obesity (% of adults with BMI 2 30) Business impact of non-communicable diseases Business impact of communicable diseases #121 #122 WELL-BEING Stress (% of respondents) Depression (% of respondents) COUNTRY RANKING / 122 ш WORKFORCE & EMPLOYMENT c"The Workforce and Employment pillar is designed to quantify the experience, talent, knowledge and training in a country's working-age population."! THIS PILLAR IS MEASURED BY THE FOLLOWING INDICATORS: Labor force participation rate, age 15-64 (%) Labor force participation rate, age 65+ (%) Economic participation gender gap Unemployment rate (%) Youth unemployment rate (%) PARTICIPATION #1 #2 Country capacity to attract talent Country capacit y to retain talent Ease of finding skilled employees Pay related to productivity Capacity for innovation Index of Economic Complexity Firm level technology absorption Scientific and technical journal articles (per 1,000 people) Median age of working population TALENT #121 #122 TRAINING Staff training Training services COUNTRY RANKING / 122 IV ENABLING ENVIRONMENT "The Enabling Environment pillar captures the legal framework, infrastructure and other factors that enable returns on human capital." THIS PILLAR IS MEASURED BY THE FOLLOWING INDICATORS: Mobile users (per 100 people) Internet users (per 100 people) Quality of domestic transport INFRASTRUCTURE #1 #2 State of cluster development Business and university R&D collaboration COLLABORATION SOCIAL MOBILITY Social bility #121 #122 COUNTRY RANKING / 122 THE Taking the above criteria into TOP consideration, these are the countries that 10 rank highest on the human capital index. Education Health & Wellness Workforce & Employment Enabling Environment SWITZERLAND FINLAND 14 2 10 SINGAPORE NETHERLANDS SWEDEN #3 10 17 10 1 #6 GERMANY #8 NORWAY UNITED KINGDOM 18 3 12 2 20 15 17 #10 DENMARK CANADA *For full details on how a nation's human capital score is A. SCHOOL of INTERNATIONAL SERVICE AMERICAN UNIVERSITY · WASHINGTON, DC determined, please see pages 8-9 of the WEF Human International Relations Online Capital Report 2013. 1Source: World Economic Forum, The Human Capital Report, 2013: http://reports.weforum.org/human-capital-index-2013/ SWITZERLAND SWITZERLAND SWITZERLAND SINGAPORE FINLAND SIN GAPORE SWEDEN CANADA MAURI TANIA E TRÌNI DAD & TOBAG0 BURKINA FASO GUINEA MAURITANIA | NIWEA E|| NIWIA

Understanding the Human Capital Index

shared by IRonlineatAU on Nov 23
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This infographic breaks down the four pillars that the WEF uses to measure human capital and provides a comparison of nations’ performance.

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Economy
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