While each of the category rankings looks at a single aspect of the labor force, the regulatory framework of a labor market is potentially the most influential overall as it impacts each of the other categories to some degree. The top markets for regulatory ease are certainly not the largest workforce economies, and the maturity of their regulations does not allow for any overlap among the most cost-efficient markets. However, there is something greater to consider regarding these workforces.
Australia, Denmark, Ireland, New Zealand and Singapore all rank among the top 10 for both workforce availability and regulation, with New Zealand and Singapore also ranking among the top 10 markets for productivity. Again, while not necessarily among the world’s largest workforce economies, each of these represents an above average opportunity for organizations looking to drive workforce strategy through labor arbitrage.
The United Kingdom is new to the top ten this year following an increase in this markets Regulation score. This increase can be attributed to improvements in several geopolitical factors that contribute to the Regulation score of each market. This coupled with reduced uncertainty in the United Kingdom overall is leading to increased investment in this market.
Comparison of the Top Five Markets for Workforce Regulation