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DUBLIN HAS BEEN ranked 49th most expensive city in the world for international employees in a new cost of living survey.
Mercer’s 2022 Cost of Living Survey launched today, which ranks 227 of the world’s costliest cities for expatriates ranked Hong Kong as the most expensive city for international workers, followed by Zurich and three other Swiss cities Geneva, Basel and Bern.
The survey placed Copenhagen in 11th place with London 15th, while in the Eurozone Vienna was placed 21st followed by Amsterdam (25), Munich (33), Paris (35) and Brussels (39).
Mercer’s cost of living data together with its mobility research, indicates widespread inflation, exchange rate variations and the rise of remote and flexible working, are having “a material impact on expatriate employees’ pay and savings”.
Mercer said these influences may have serious consequences for employers in the global battle for talent.
Noel O’Connor, Senior Consultant at Mercer Ireland said the weakening of the Euro against the dollar has influenced Dublin’s ranking in 2022.
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“Additionally, high demand in the private rental market, often the biggest cost for companies placing employees on assignment, along with soaring utility costs, present challenges for employers of international assignees,” he said.
“Despite the impact of socio-economic headwinds, Dublin remains an attractive location for expatriates overall”.
O’Connor also said that the volatility triggered by Covid-19 and further worsened by the crisis in Ukraine, has fuelled global economic and political uncertainty.
“This uncertainty, coupled with significant rising inflation in most of the countries around the world, has international assignees concerned about their purchasing power and socio-economic stability,” he said.
Mercer has said companies need to carefully navigate international assignment costs/packages in times of uncertainty and adapt to the new world of work to ensure business resilience and sustainable futures for their mobile workforce.
“Employers need reliable data and clear strategies to navigate global mobility packages for international employees,” O’Connor said.
“In unstable times, it is essential to ensure not only their employees’ financial wellbeing, but also business efficiency and pay transparency.
“Failing to adapt international compensation strategies to the new world may undermine organisations’ ability to attract, develop and retain key talent.”
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I don’t care about the rights or wrongs of this story but what amazes me is a case like this goes before the high court. Judges at the top of their game (allegedly) they hear all the evidence and come to a decision. Next thing is at the court of appeal. Same evidence but a completely different ruling. What does that say about quality of judges?
@Mrs parrott: Typically it’s where there is little or no precedent in an area, conflicting precedent or where precedent is producing unwanted results. (or, of course, where the judge got it wrong). This case would be down to the first – little or no precedent. Now that the court of appeal has ruled, the high court has guidance for future cases.
@Mrs parrott: There’s a wider point: allowing appeals to higher courts on points of law establishes a firmer legal precedent, in which other similar cases in lower courts (and outside the court system) can cite and take notice of, which more markedly illustrates legal demarcations. Its how the nationwide legal and administrative framework develops
Nationality is not a gift card as the journal like make it out to be. Don’t cheapen Countries to the same standard as monopoly board which The EU has turned out to be.
Jus soli applied prior to 2005, which means anyone born on the soil of Ireland is entitled to citizenship. Anyone born since Jan 2005 must have connection to Irish blood (jus sanguinis) such as one parent being Irish.
@Laurence Cavanagh: I agree. He only wants to see his grandkids. Horrible to deny that right to anyone and technically he was born in Ireland before June 2004 so he’s entitled to it. Leave the man be, the journal reporting on it doesn’t do any good story justice
…Hang on…was he born here or conceived here .. ?????…….it wasn’t just fight’in was done in WW2, a lot of lov’in was done too…..I’m sure there was a fair few Chesnokov’s hang’in round Henrietta Street back then…… ‘go on ya bo ya..away with ya ! ‘
It’s all to do with the importation of garlic and we know how that can get you in hot water here. The man’s name comes from the Russian word for garlic, if it’s been properly transcribed. Though, seriously, I hope he gets some sort of extended visa. He’s an elderly man who wants to be near his grandchildren
It seems a bit unfair that we make an aged grandfather’s life more difficult to establish a point of law but we expect better treatment for our own undocumented.
Maybe we should set an example, now that precedent has been established, and judge this case on its merits and how we would like our diaspora to be judged?
@Paul Brady: the hypocrisy of it all would be quite breathtaking in anywhere else but here. There’s Mr Kenny going to Washington to bring the bowl of shamroguery on a last mission because he’ll bear the brunt of the ‘disgrace’ of meeting Trump amongst the chattering classes and he can plead for the case of the undocumented/illegal Irish citizens living there. And take the blame again if it all goes South. Ironic that another Taoiseach, deV, asked Kennedy to shut the gates of the US to the Irish because he wanted to stem the brain and labour drain back in the Fifties.
Enda might be better off honouring the entire Choctaw Nation that gave its little all to help the starving Irish in the Famine by offering Irish citizenship to every Choctaw kid born henceforth if they want it. Then the Choctaw could offer the undocumented Irish sanctuary from Trump’s 10K new immigration enforcement officers when the old midnight knock sounds and ”VOS PAPIERIEN!!! BITTE!!!” or however they’ll say it. Well it’s more outside the box thinking than just bringing over an annual bowl of weed on bended knee and asking for mercy from a not too kindly stranger perhaps. THat hasn’t gotten any traction vis-a-vis the illegal Irish in the past fourteen years since Ireland threw open Her so-called neutral ports to illegal aggressive warmongering and state policies of torture for all the begging..
He has not been able to prove he was born in Ireland.
But there are other options. My wife is Chinese and we were able to sponsor a visa get her elderly Mum a 1 year visa, extendable to 2 years without any problem.
Once you show that you will accommodate and support financially, it’s a fairly straightforward process.
I wonder why his son has not gone down this route or are there other issues in this case not in the article, you don’t get the full story in reports like this.
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I thought nobody should be arbitrarily deprived of their citizenship? Is not a judge saying he disagrees with an earlier Court interpretation in favour of the man’s case not just another subjective interpretation of the evidence, albeit in an higher court? Seems arbitrary enough to me. The evidence remains what it is, unchallenged it seems to me in terms of what it is. Anyway point is moot now Roma locuta est. Loads of Brits have just been arbitrarily deprived of their EU citizenship by slightly greater loads of other Brits and nobody at the UN seems concerned so it might no longer be the human right it once was held to be.
Perhaps he’d have been better off finding a Midlands petfood factory to invest in. Or perhaps a ‘contribution’ to the upkeep of Inishvickillaune. More traditional ways of securing Irish citizenship. Million nicker starting price for both might have been a bit high for an old commie born on Henrietta Street who wouldn’t be exactly rubbing Charvet-clad shoulders with those who can sell Irish citizeship and passports for 30 pcs of foreign despot silver or a mess of FDI pottage.
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