The Global Human Capital Report 2017, produced by the World Economic Forum, focuses on providing information regarding the means for measuring the existing human capital endowments, that play an essential role throughout the exploitation process of each country’ s potential. The report provides all the necessary information related to the calculation of Global Human Capital Index, in order to shed light on the quantification process of this parameter.
The world is endowed with a vast wealth of human talent. The ingenuity and creativity at our collective disposal provides us with the means not only to address the great challenges of our time but also, critically, to build a future that is more inclusive and human centric. All too often however, human potential is not realized, held back either by inequality or an unrealistic and outdated faith on the part of policymakers that investment in small sub sections of highly skilled labour alone can drive sustainable, inclusive growth.
The Global Human Capital Report 2017 proposes a new benchmark for leaders to build the workforces of the future. The approach it advocates, based on the principle that all people deserve an equal opportunity to develop their talents, provides leaders with the means and the tools to navigate the changes we are already witnessing from the current wave of automation and successfully navigate the transition to the Fourth Industrial Revolution.
Underpinning the Report, the Global Human Capital Index provides a means of measuring the quantifiable elements of the world’ s talent potential so that greater attention can be focused on delivering it. By measuring countries’ talent resources holistically according to individuals’ ability to acquire, develop and deploy skills throughout their working life rather than simply during the formative years, we hope to foster a true revolution in educational systems where education is geared to meeting the needs of the future workforce.
Managing this transition towards deeper investment in human potential within the context of the Fourth Industrial Revolution is one of the most important political, societal, economic and moral challenges we are facing today. Our work in the World Economic Forum’ s System Initiative on Shaping the Future of Education, Gender and Work provides a platform for leaders to collaborate on meeting this challenge. The System Initiative promotes the development of education that matches the needs of the future, a workforce that is better prepared for shifts in labour markets, opportunities for job creation and structures that allow for gains and opportunities to be shared equally, regardless of gender, age or origin. The Initiative offers the latest knowledge’”including this Report’”to leaders and the public for more informed decision-making, provides an exclusive platform for leaders to build consensus and share ideas, and works with leaders and organizations to take collaborative and coordinated action.
You can read the full report here.