How Much Inflation are the Top Global Talent Locations Experiencing?

    Nov 30, 2022 @ 01:08 PM / by Catherine Tylke

     

    2022 Inflation Support

    Inflation Support

    We have been watching top locations where companies send their key talent - view our interactive Goods & Services Inflation Tracker to see how much inflation these locations are experiencing!

    The locations topping the list in this current quarter are:

    • Brazil (13.3%)
    • United Kingdom (12.3%)
    • Mexico (10.5%) 

    ....a far cry from the inflation levels they were at for goods & services two years ago!  Japan consistently remains at the bottom of the list, but even there the inflation levels are starting to creep up.

     

     

    Who is Feeling the Effects of Inflation?

    International Assignees

    With inflation all over the headlines, are you fielding questions from your assignees regarding their COLA calculations (Cost of Living Allowance) -- in these locations or elsewhere? AIRINC's COLA Change Report can help you with those conversations. It is a transparent personalized report that reflects changes in an assignee’s specific COLA and visually explains the reasons behind the change.

     

    Employee Salaries

    As a compensation professional, understanding how inflation is impacting your employees’ pay is critical, especially since inflation’s impact on salary varies by multiple factors, from geography to where the individual falls on the income spectrum. Our analysis and data on income distribution shows that inflation is impacting lower-level employees the most.  

    AIRINC’s Inflation Impact Analysis provides you with the data you need to make an informed decision on how much to adjust salaries or when to provide a one-time inflation payment.

     

    Need more inflation data?

    We are your go-to source for inflation data. Contact us if you need information for these or other locations; watch this space for the next quarterly update of our Inflation Tracker.

    Contact Us

     

    Read more from our blog AIRSHARE:

    Webinar: It's Time to Revolutionize Your Mobility Program! Predicting the Future of Mobility

    Where do you find your people when abroad?

    What are we hearing in the market about remote work?

    Subscribe

    Topics: Hyperinflation, Global Compensation, Data and Infographics, Inflation, Talent, Pay Review

    Catherine Tylke

    Written by Catherine Tylke

    Catherine joined AIRINC in 2008 as a data surveyor. Based in AIRINC’s Brussels office, she conducted over 35 on-site surveys in nearly 30 countries before joining the Business Development team in Europe in 2011. In her current role, Catherine assists the European team with responses to tenders, works as project coordinator for AIRINC’s consulting department, and provides support for AIRINC’s Product Management and Marketing activities in Europe. She received her B.A. in Comparative Literature in French and Spanish from Brown University in 2005, which included a semester abroad in Santiago de Chile. A native English speaker, she grew up in Brussels, Belgium and is fluent in French and Spanish.