Hong Kong workers expected to see higher salary increase in 2024
Workers in Hong Kong are expected to receive a salary increase of 4.0% in 2024, the same as 2023.
Workers in Hong Kong are expected to receive a salary increase of 4.0% in 2024, the same as 2023.
Businesses in the UK expect to repeat an historic 5% nominal pay increase in 2024
Hong Kong rose three places to fifth position in rankings.
Singapore rose six places to 16th position in global rankings of locations with the highest expatriate packages
Average annual cost of sending an expat to the UK is now £351,992, up by 11% on last year
Hong Kong loses number one status in spite of high levels of inflation
Singapore is now the fifth most expensive location in the world for expatriates, driven by rising accommodation costs
Following a four-year reign, Hong Kong (2nd) loses the top spot to New York
ECA has secured a multi-million pound investment from Pelican Capital to accelerate development of its software-as-a-service businesses that help companies manage their internationally mobile workforce.
London is now the third most expensive business travel location in Europe, rising from 5th position pre-pandemic.
The typical daily cost of business travel in Singapore is now USD 515 – the second highest in Asia and 19th globally
As Hong Kong expects to receive the highest number of business travellers since 2019 it remains the most expensive location in the region for business travel
Locations in Malaysia – Kuala Lumpur, George Town and Johor Bahru – have risen in the global rankings over the past year.
Improvements in their liveability scores and rankings were largely driven by the relaxation of Covid-19 restrictions.
Singapore retains top position in global ranking while locations in Japan and Australia dominate the top 10 most liveable locations.
Kuala Lumpur – 8 Febru
Singapore maintains its status as the most liveable location for expatriate workers from East Asia since 2005.
Covid-19 restrictions and political situation contribute to Hong Kong’s fall to the 92nd most liveable location in the world for workers relocating from elsewhere in East Asia.
Bern, Switzerland lands first place position for quality of life, after Copenhagen’s three-year reign at the top.
Record real-terms salary decrease is a result of 9.1 percent annual average inflation, the highest in 40 years.
There are always a handful of locations with hot housing rental markets but this year has been hotter than usual with big increases on both sides of the Atlantic. ECA’s March 2022 Accommodation survey focused on North America and Europe with a range of factors pushing up prices in many cities.
The rolling back of pandemic restrictions from late 2021 has led to a surge in international relocatio
In our last round-up two months ago, there were tentative signs that global inflation might have peaked. Then came Russia's attack on Ukraine.
As well as quicker access to your new system, a well-thought-out implementation project is likely save you both time and money.
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