According to ” Mercer’s 2022 cost of living city rankings» which ranks cities by cost of living, Algerthe capital of Algeria, is one of ten cities with the lowest cost of living in the world for international workers . Mercer is an American company (subsidiary of Marsh & McLennan Companies) which represents largest consulting firm in human resources in the world. The company has 25,000 employees and operates in 130 countries.
Bolstered by the health crisis and conflict in Ukraine, distant inflation and currency volatility affect economic balances and the cost of living on a global scale. Therefore, assessing and managing the impact of these variables on the financial well-being of employees is particularly complex for transnational companies.
That’s how the Mercer Cost of Living Survey provides employers with up-to-date, comprehensive and reliable data to help them develop compensation strategies for mobile workersIN unpredictable global markets .
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So what are the most expensive and cheapest cities on the planet for international workers? Where does Algeria stand on this crucial criterion in attracting talents and international companies?
World ranking of cities for 2022 by cost of living
Mercer’s annual cost of living city rankings include more than 400 cities in the world.
In addition to evaluating over 200 goods and services, survey highlights key factors— such as currency fluctuations, inflation and housing price volatility.
To guarantee the importance of the data the study constantly adapts to changes in the international market and to the spending habits of foreign workers.
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The general cost of living index takes into account the prices of more than 200 items belonging to the following categories: housing, utilities, household goods, health care, entertainment and entertainment, transportation, food, home services, clothing and footwear, alcohol and tobacco.
What are the ten cities with the highest cost of living in the world for international workers?
Hong Kong leads the ranking of cities with the highest cost of living in 2022. It is followed by Swiss cities, ZurichAND Geneva. ankarathe capital of Turkey, brings up the rear at 227e square. How much for Alger it is in the year 218e position, either in Top 10 cities with the lowest cost of living in the world, in 2022, for international workers.
So here is the list 10 most expensive cities worldwide in 2022, from 1er at 10e :
- Hong Kong – Hong Kong SAR
- Zurich – Switzerland
- Geneva, Switzerland
- Basel – Switzerland
- Bern – Switzerland
- Tel Aviv – Israel
- New York City, NY – United States
- Singapore – Singapore
- Tokyo – Japan
- Beijing – China
What are the ten cities with the lowest cost of living in the world for international workers?
In addition, here is the list of 10 cheapest cities in the world in 2022, from 218e in 227e degree:
- Algeria Algeria
- Almaty – Kazakhstan
- Tunisia – Tunisia
- Tashkent – Uzbekistan
- Istanbul, Turkey
- Karachi – Pakistan
- Dushanbe – Tajikistan
- Bishkek – Kyrgyzstan
- Ankara – Turkey
What to remember from Mercer’s cost of living ranking of cities?
Thus, this ranking means that the Algerian capital is one of the ten cities that offer the costs of housing, public services, health care, leisure, transport, food, clothing… lowest in the world in 2022 for international employees.
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With the recent return of one high inflation around the world, the issue of purchasing powerremains at the center of workers’ concerns. Meanwhile, businesses must strike a delicate balance between controlling costs and the battle to attract and retain talent. Therefore, Algeria has a real opportunity to play in this direction.
However, if the cost of living is one of the main factors of a city’s attractiveness for talent, companies and international investments, it does not represent the only tip. Other factors come into play, includinglevel of quality of life . A criterion that includes safety, hygiene, respect for the environment, quality of education, governance, taxes, etc.
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And on all of these criteria, Algeria and the country’s other cities still have their work cut out for them to hope to compete with the world’s leading capitals.