Colombian city, among those with the best cost of living for workers

After more than a year of the Russian invasion of Ukraineas well as the appearance of variants of the covine-19many world economies are still assimilating the consequences of these events.

Due to this, many populations in the world have seen their living costs increase, if other factors are taken into account, such as generalized inflation on the planet and the volatility of currencies.

(Gasoline hike: they propose to increase the value of taxi rides in Bogotá).

Against this background, the firm mercer published his Annual Cost of Living Report 2023in which he analyzes the evolution of prices in a basket of more than 200 goods and services in a total of 227 cities around the world.

“The recent covid-19 pandemic and political tensions accelerated the widespread use of remote work. This has led multinational employers to reassess the way they manage their workforce. Competition in the talent market is fierce, and as the cost-of-living crisis impacts employees and organizations, employers need to be flexible. Your compensation strategy for internationally assigned workers must be clear and backed by reliable data.said Yvonne Traber, Partner and Global Head of Mobility at Mercer.

(Will Medellín and Bogotá be interconnected by train?).

The Colombian capital appears as the only city in the country on the list, occupying the position 214 regarding employment conditions for workers on international assignment.

(Metro de Bogotá fined Metrolinea 1 for not submitting studies).

“Although the country shows one of the highest inflation rates in recent years (13.12% in 2022), the devaluation of the peso against the dollar is an important factor for the acquisition of goods and services“, Mercer mentions.

According to Mercer, Bogota It has a good offer of offices equipped to carry out work efficiently, as well as its well-known cultural and gastronomic offer that, compared to other countries, represents great economic advantages.

(Traffic and other reasons why bike purchases go up.)

“This confirms that the mobility conditions are directly linked to the facilities that not only direct employees -or even freelancers- seek to move to another country, but also with the trends in terms of the transformation that many companies are adopting within the new forms of work, flexibility and contracting schemes“Mercer points out.

The report highlights that the cities with the highest cost of living in the world so far in 2023 are:

1. Hong Kong.

2. Singapore (Singapore).

3. Zurich (Swiss).

4. Geneva (Swiss).

5. basel (Swiss).

6. NY (USA).

7. bern (Swiss).

8. Tel Aviv (Israel).

9. Copenhagen (Denmark).

10. Nassau (Bahamas).

BRIEFCASE