Daily Archives: June 22, 2017
Mercer’s annual Cost of Living Survey finds African, Asian, and European cities dominate the list of most expensive locations for working abroad
- Luanda overtakes Hong Kong as the most expensive city for expatriates to live in according to Mercer’s 23rd annual Cost of Living Survey.
- Victoria in the Seychelles ranks 14th most expensive city sharing the same ranking with Moscow.
- Cape Town, Blantyre and Windhoek ranks amongst the 15 cheapest cities globally.
In a rapidly changing world, mobility has become a core component of multinational organizations’ global talent strategy. To support the growing number of international assignees working in an increased number of locations, organizations are focusing on evaluating assignments from a cultural perspective, preparing for regional and lateral moves, and modifying compensation approaches to stay competitive. As organizations grapple with these challenges, they are working hard to accommodate the needs of their workforce and to support employees’ careers. According to Mercer’s (www.Mercer.com) 2017 Global Talent Trends Study, fair and competitive pay as well as opportunities for promotion are top priorities for employees this year – not surprising given the current climate of uncertainty and change.