Mercer Canada’s Post

Mercer’s latest Cost of Living City Ranking for 2024 is out, and it offers crucial insights for global mobility and talent management. With Hong Kong, Singapore, and Zurich topping the list as the most expensive cities for international workers, it’s clear that economic and geopolitical factors continue to shape living costs worldwide. Key takeaways 1. Top 3 Costliest Cities: Hong Kong, Singapore, Zurich 2. Most Affordable Cities: Islamabad, Lagos, Abuja 3. Influencing Factors: Inflation, exchange-rate fluctuations, local conflicts, and economic volatility For HR professionals and global mobility teams, this data is invaluable for making informed decisions about compensation packages and relocation strategies. Understanding these trends helps to better support international assignees and ensure competitive, fair compensation. #GlobalMobility #HR #TalentManagement #CostOfLiving #MercerInsights

It's time for Mercer to announce 2024 city ranking based on cost of living. Hong Kong, Singapore and Zurich still remain top 3 most expensive cities. You can explore insight of this study from below link.

Safe, highly livable, and affordable—Abu Dhabi truly offers an unparalleled lifestyle. Not only is Abu Dhabi the safest city in the world, but it also boasts the title of the most livable city in the region according to the Economist Intelligence: EIU. Now, according to Mercer’s 2024 cost-of-living ranking, Abu Dhabi stands out as one of the most affordable cities in the region. As the capital of capital, Abu Dhabi continues to set the standard for exceptional living.

Hong Kong, Singapore and Zurich have maintained their positions as the top three most expensive cities for international employees in our 2024 city ranking. https://bit.ly/4fcNt72 Explore the full rankings of over 220 global cities and find out where your city stands. #HumanResources #FutureofWork #talent #mobility

Hong Kong, Singapore and Zurich have maintained their positions as the top three most expensive cities for international employees in our 2024 city ranking. https://bit.ly/3L2dDf0 Explore the full rankings of over 220 global cities and find out where your city stands. #HumanResources #FutureofWork #talent #mobility

Mercer's annual look at the costs of expatriation. The most expensive cities in Asia and globally are Singapore and Hong Kong. Shanghai and Beijing are the next most expensive cities in Asia. One interesting tidbit is this: :Comparing the data on costs and quality of living highlights the challenge of finding the sweet spot between the two — in other words, a city that combines low costs with a high quality of life. According to Mercer’s recent data, just eight cities in the ranking have achieved this (Ljubljana, Montreal, Warsaw, Zagreb, Budapest, Panama City, Santiago and Kuala Lumpur)." Now one observation is that I do agree quality of life in Montreal is good, but is it really affordable? on the flip side, Shanghai quality of life is marked as low. For someone who had lived here a long time, I have to disagree. The city is expensive but where it shines is quality of life (convenient, ultra safe, cosmopolitan - but yes you need a VPN)

Hong Kong, Singapore and Zurich have maintained their positions as the top three most expensive cities for international employees in our 2024 city ranking. Explore the full rankings of over 220 global cities and find out where your city stands. #HumanResources #FutureofWork #talent #mobility

Hong Kong, Singapore and Zurich have maintained their positions as the top three most expensive cities for international employees in our 2024 city ranking. Explore the full rankings of over 220 global cities and find out where your city stands. #HumanResources #FutureofWork #talent #mobility

And Amsterdam still in the top 30 of most expensive cities in the world. Housing cost are still outrageous, utility cost have gone down but simply going to the hairdresser is approx 15% more expensive than 2 years ago #talentmobility #workfromanywhere #rewards

Hong Kong, Singapore and Zurich have maintained their positions as the top three most expensive cities for international employees in our 2024 city ranking. Explore the full rankings of over 220 global cities and find out where your city stands. #HumanResources #FutureofWork #talent #mobility