Cost of Living indices are an invaluable tool for global mobility teams. However, when indices are updated to reflect changes in living costs between two locations, assignees may have questions about the updates.
In light of the ongoing pandemic, global mobility teams and their assignees may think that location allowances should be increased. However, there are some important questions to consider first.
Lebanon has switched to a multiple-exchange-rate currency regime, introducing a new devalued rate.
Six US cities now feature in the top 20 global rankings for rental accommodation, with three now in the top 10.
The coronavirus is having a huge impact on cost of living, but what should you do about COLAs for your expatriate staff?
London’s rental accommodation cost has increased by £121 per month on average
Taipei now the 49th most expensive location in the world for expatriate rent.
Dublin remains the fifth most expensive for rental accommodation in Europe.
Average monthly rent in Singapore is now USD 4 233 per month, an increase of 1.4% from last year.
Average monthly rent in Hong Kong has increased 3.45% to USD 11 318 (HKD 88 750).