BLOG AIRINC - Cost Survey life in Ashgabat, Turkmenistan
Like the exchange costs create headwinds for many multinational organizations, currency fluctuations caused by economic and political troubles contribute to the cost of expatriate packages for those on the front line of globalization of their Mercer organizations 21 Annual Cost of life survey considers factors including volatile housing markets and inflation impact goods and services considerably the cost of doing business in a global environment.
As the global economy has become increasingly interconnected, nearly 75 multinational organizations expect long-term expatriate assignments to remain stable or increase over the next two years to meet the business needs, said Ilya Bonic, Senior partner and Chairman of the activity of Mercer talent sending employees abroad is needed to compete in the markets and critical talent, and employers need a reliable and accurate reflection cost of their bottom line.
According to Mercer 2015 Cost of Living Survey of Asia and European cities including Hong Kong 2, 3 Zurich, Geneva and Singapore 4 5 top of the list of most expensive cities for the most expensive city for expatriates is the third consecutive year 1 Luanda, capital of Angola despite being recognized as a relatively cheap city, the cost of imported goods and safe living conditions in the country are available at a higher price.
Other cities that appear in the top 10 most expensive cities in Mercer Shanghai expats are 6, 7, 8 Beijing and Seoul in Asia; Berne 9; and N Djamena 10 cities of the cheapest world for expatriates, according to Mercer's survey, Bishkek are 207, 206 and 205 Windhoek Karachi.
Mercer authoritative survey is one of the most complete in the world and is designed to help multinational companies and governments determine compensation allowances for their expatriate employees in New York is used as the base city and all cities are compared it with currency movements are measured against the US dollar.
The survey includes 207 cities on five continents and measures the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household goods and entertainment.
Aligning strategies and labor mobility by ensuring the right people are in the right places is more important than ever to manage globalization, M. Bonic stated correctly compensate employees on international assignments is as important as it is expensive.
According to M. Bonic This is particularly important for new mobility programs with small pools of candidates and higher business needs to send employees for international assignments is essential that these organizations have accurate data and transparent as they consider how to compensate fairly and in accordance with market demand.
Cities in the United States increased dramatically in the cost of living ranking due to the strengthening of the US dollar against other major currencies while New York 16, the highest ranking city in the region, remained the same as last year, the western cities coast, including Los Angeles and Seattle 36 106 climbed 26 and 47 seats, respectively, among other major US cities, Chicago 42 moved up 43 places, Washington DC 50 moved up 42 places, Honolulu 52 moved up 45 places and 92 Houston moved up 51 places and 133 Cleveland 157 Winston Salem were among the least expensive cities in the United States interviewed for expatriates.
Nathalie Constantin-Metral, Principal at Mercer responsible for compiling the survey ranking, said the sweep rise in the ranking of US cities this year is undoubtedly due to the strength of the US dollar against other currencies of the whole world.
In South America, Buenos Aires 19 climbed 67 places to rank as the most expensive city this year due to a sharp rise in prices of goods and services The Argentine capital and financial center is followed by Sao Paolo 40 Rio de Janeiro 67 other cities in South America that has passed on the list of most expensive cities for expatriates include Santiago 70 199 Managua and Caracas, Venezuela was excluded from the ranking due to the complex monetary situation; its ranking would have varied considerably depending on the selected official exchange rate.
Canadian cities have dropped this year rankings with the highest ranked city, Vancouver 119, down 23 Toronto seats 126 dropped 25 points while Montreal 140 Calgary 146 dropped 17 and 21 points, respectively the Canadian dollar continued to depreciate against the US dollar, triggering significant slides in the ranking this year, said Ms Constantin-Metral.
Three European cities exist in the list of 10 most expensive cities for expatriates Zurich 3, the most expensive European city, followed by Geneva and Bern 5 9 Switzerland remains one of the most expensive places for expats due the rise of the Swiss franc against the EUR looking back movement of the CHF against USD, the USD actually strengthened against the CHF, and not the opposite of Moscow and St. Petersburg 50 152 fell 41 and 117 points, respectively because the Russian ruble lost significant value against the US dollar, oil prices down, and a lack of trust in the following currency Western sanctions over the crisis in Ukraine.
Outside the cities in the UK, the Western European cities have dropped in the rankings due primarily to the weakening of local currencies against the US dollar While London 12 remained stable, Aberdeen and Birmingham 82 80 has risen in the ranking of Paris 46, Vienna 56 and Rome 59 fell in the ranking by 19, 24 and 28 points, respectively, the German cities of Munich 87, Frankfurt 98 and Berlin 106 dropped significantly as Düsseldorf and Hamburg 114,124.
Despite the moderate price increases in most European cities, European currencies have weakened against the US dollar, which pushed most Western European cities down in the rankings, said Ms Constantin-Metral Also other factors such as the economy of the euro area, the decline in interest rates, and rising unemployment have impacted these cities.
As a result of local currencies depreciate against the US dollar, most cities in Central and Eastern Europe fell in the rankings, and Prague 142, Budapest 170 and Minsk 200 dropped 50, 35 and 9 points, respectively, despite stable housing these places.
Tel Aviv 18 continues to be the most expensive city in the Middle East for expatriates, followed by 23 in Dubai, Abu Dhabi and Beirut 33 44, who all climbed in the rankings this year Jeddah 151 continues to be the city cheapest region, despite rising 24 places many currencies in the Middle East are pegged to the US dollar, which pushed the cities in the ranking increased Steep housing expats rent especially in Abu Dhabi and Dubai also contributed the increase of the cities in the rankings, said Ms Constantin-Metral.
Several African cities continue to rank among the most expensive, reflecting the high living costs and high commodity prices for expatriates Luanda 1 remains the most expensive city in Africa and the world, followed by N Djamena 10, Victoria 17 and 30 Libreville despite climbing five spots, Cap 200 in South Africa continues to rank as the least expensive city in the region, reflecting the weak South African rand against the US dollar.
Five of the top 10 cities in the ranking this year are in Asia Hong Kong 2 is the most expensive city because of its currency to the US dollar and drive the cost of local life The global financial center is followed by Singapore 4 Shanghai 6 7 8 Beijing and Seoul all climbing in the rankings, with the exception of Singapore, which remained stable Tokyo 11 dropped four places.
Japanese cities continued to fall in the rankings this year because the Japanese weakening against the US dollar yen Ms Constantin-Metral said However, Chinese cities jumped in the rankings due to the strengthening of the Chinese yuan and the high cost of expatriate consumer goods.
Australian cities continued to drop in the rankings due to the depreciation of the local currency against the US dollar Sydney 31, the most expensive city for expatriates in Australia fell 5 places in the ranking with 47 Melbourne Perth and 48 which fell 14 and 11 points respectively.
the most expensive city of India, Mumbai 74, climbed 66 places in the rankings due to its rapid economic growth, inflation on the basket of goods and services, and a stable currency against the dollar of the United US This most populous city of India is followed by Delhi and Chennai 132 157, which rose in the rankings by 25 and 28 points, respectively 183 193 Kolkata and Bangalore, the cheapest cities in India, climbed in the rankings, as well.
Elsewhere in Asia, Bangkok 45 rose 43 places since last year and Hanoi 86 99 Jakarta also rose in the rankings, up 45 and 20 places respectively Karachi 205 and 207 Bishkek remain the cheapest cities in the region for expatriates.
Mercer produces individual cost of accommodation cost reports and lease of life for each city studied.
The list of rankings is provided to journalists for reference and should not be published in full the top 10 and bottom 10 cities can be reproduced in a table.
Figures for the cost comparisons and cost of living Mercer rental accommodation are from a survey conducted in March 2015 rate of exchange at the time and the Mercer international basket of goods and services were used as measures of based.
Governments and large companies use data from this survey to protect the purchasing power of their employees when transferred abroad; Rental accommodation costs data is used to assess local expatriate housing allowances The choice of cities surveyed is based on the data request.
expatriate assignment multinational data in the quote from M. Bonic is derived from preliminary results in policies and WorldWide International 2015 Mercer Survey allocation practices should be published in full in September 2015.
Mercer is a consulting leader in global health, wealth and Mercer careers helps clients around the world advance the health, wealth and performance of their most vital asset they mercer people more than 20,000 employees are based in more 40 countries, the company operates in more than 130 countries Mercer is a wholly owned subsidiary of Marsh McLennan Companies NYSE MMC, a global professional services company offering clients advice and solutions in the areas of risk, strategy and people 57,000 employees worldwide and annual revenues of over $ 13 billion, Marsh McLennan Companies is also the parent company of Marsh leader in insurance broking and risk management; Guy Carpenter a leader in the provision of intermediary services reinsurance and risk; and Oliver Wyman a leader in consulting management More information on the rankings of the city Follow on Twitter Mercer Mercer.
Mercer also provides market data and advice on the management of international and expatriate compensation, and works with multinational companies and governments around the world It maintains one of the most comprehensive databases on the allocation policy international; compensation practices; and data on the global cost of living, housing benefits and difficulties annual global mobility conferences and other events provide companies the latest trends and research on mobility issues Click here for more details Mercer mobility Follow the new mobility Mercer on Twitter Mercer_Talent.
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Алегзандрия Нов. Юж. Уэльс 2015, Австралия