Towards the end of year our teams have been busy analysing and updating all the data in our reports and calculators. We have created a summary to feature the latest updates and developments in the past 12 months.
Inflation remains high around the world as food and household items rise in price as higher costs are passed on to consumers. How have key events around the world affected cost of living indices for your assignees?
ECA's recently published location ratings show the impact of war and pandemic restrictions on the wellbeing of expatriates and their location allowances.
Wage increases are always keenly anticipated by staff, but why are salaries reviewed at all? And do assignee salaries need to be reviewed in a different way to local salaries?
The ringgit's weakness against the US dollar has offset the impact of inflation in Kuala Lumpur, causing it to drop in the global rankings.
Singapore rose four places from last year to become the 8th most expensive location in the world for expatriates, driven primarily by surging accommodation costs.
Hong Kong is the second most expensive location in the world for expatriates
With high inflation seen in countries around the world, ECA's Salary Trends Survey shows how pay awards for local staff have been affected.
The lesser discussed assignment expense, coming to the forefront of assignee conversation.
Workers in Hong Kong are expected to receive a salary increase of 4% in 2023, 0.5% higher than 2022.