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The international consulting firm Mercer recently released its list of the World’s Most Expensive Cities to Live. The implications of the study on global business are substantial. With all of the outsourcing that has taken place, companies will be much more guarded in where they move their businesses to. Many times, companies provide compensation packages to employees living abroad, and it will cost them considerably more to help support employees abroad in cities which are expensive to live in.
Although there may be a demand for their business, companies will likely choose cities which are cheaper for their employees, which means they spend less on employee compensation and can gain more profits. What implications does the list have for you?
The Top 5:
1. Tokyo, Japan
2. Osaka, Japan
3. Moscow, Russia
4. Geneva, Switzerland
5. Hong Kong
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