Hong Kong drops from second to eleventh in the cost of living rankings.
Dublin is now the 72nd most expensive city in the world, overtaking the likes of Abu Dhabi and Silicon Valley.
For several reasons, changing compensation packages as a direct response to currency movements is nearly always a bad idea.
Cost is often the main concern when considering a commuter assignment but the financial implication is far from the only factor that matters when deciding if a commuting arrangement is the best fit.
In countries where inflation is particularly high, ECA undertakes interim cost of living surveys so that companies can protect their assignees’ spending power.
UK cities more attractive for overseas employers with lowest ever rankings in global Cost of Living Index
Taipei is now 33rd most expensive city to live in globally, an increase of 33 places in five years. Kaohsiung rises to 45th on the table, an increase of 88 places in five years.
Singapore ranked 21st most expensive city for expatriates, the lowest it has been since 2014
Hong Kong is the world’s ninth-most expensive location for expatriates, after dropping out of the top ten in 2016 and is now the second-most expensive location in the Asia-Pacific region after Tokyo, Japan.
In order to attract and retain talent it is vital to keep track of local national salary trends in the locations where you operate. ECA's Senior Remuneration Analyst, Oliver Browne, reports on the key findings from this year's Salary Trends Survey.