ET BureauMUMBAI: For an expat in India, finding a school admission for his kid is as easy or difficult as a foreigner living in China. An analysis based on the availability of goods and services, and quality of education by AIRINC, a provider of expat compensation and international mobility data, shows New Delhi and Mumbai are on par with China’s business centres of Beijing and Shanghai when it comes to hardship.
Two other leading Indian business centres, Bengaluru and Chennai, are quite close in the running and could become popular destinations for expats over the next few years, the analysis suggested. On factors such as pollution levels and the prevalence of diseases, Bengaluru scores over New Delhi.
“To be able to support business objectives effectively, global mobility teams need to focus on three areas — developing the right set of policies that effectively support the business need; implementing the right organisational structure to effectively support the new strategic mandate for mobility; and fostering the right relationships within the organisation to ensure the success of the global mobility agenda,” said Fred Schlomann, vice president, AIRINC.
In India, AIRINC and AON Hewitt work with top companies to formulate creative solutions to attract and retain global top talent. “Especially in India, global mobility has traditionally been viewed as transactional (and tactical).
But recently, demands from business partners have led global mobility teams to seek ways to be more strategic,” said Anandorup Ghose, partner, Aon Consulting.
Companies are increasingly focusing on the need to align mobility policies to directly support the business objectives, he said.
On the global scale, however, India has a long way to go. New Delhi was ranked 119 and Mumbai 125, compared with 73 for Shanghai and 90 for Beijing, in the Global 150 Cities Index that lists locations according to the financial and lifestyle benefits they offer.
The index highlights the cities that have the ideal combination of high salaries, low taxes and costs, and quality of life. Zurich and Geneva in Switzerland top the ranking, followed by Luxembourg, Munich, Vienna, New York, Berlin, Toronto, Calgary (Canada) and San Francisco in the Top 10.
AIRINC researched and evaluated more than 2,500 cities based upon over 60 hardship components, classified into 11 categories including physical threat and safety, discomfort, and inconvenience.
The survey combined local salary levels, tax rates, living costs and living conditions to assess the attractiveness of each location to arrive at the ranking.
In terms of lifestyle benefits, New Delhi was at 119 and Mumbai at 120. Based on financial benefits, the Indian capital was at 118 and Mumbai at 129.
Factors such as low salaries against global scale and environmental issues seem to have hurt the ranking for Indian cities. “While individual companies have little control over environmental factors, they can determine incentives to sweeten the offer with regard to salaries, housing, hardship premiums and educational allowances,” the survey said.
Two other leading Indian business centres, Bengaluru and Chennai, are quite close in the running and could become popular destinations for expats over the next few years, the analysis suggested. On factors such as pollution levels and the prevalence of diseases, Bengaluru scores over New Delhi.
“To be able to support business objectives effectively, global mobility teams need to focus on three areas — developing the right set of policies that effectively support the business need; implementing the right organisational structure to effectively support the new strategic mandate for mobility; and fostering the right relationships within the organisation to ensure the success of the global mobility agenda,” said Fred Schlomann, vice president, AIRINC.
In India, AIRINC and AON Hewitt work with top companies to formulate creative solutions to attract and retain global top talent. “Especially in India, global mobility has traditionally been viewed as transactional (and tactical).
But recently, demands from business partners have led global mobility teams to seek ways to be more strategic,” said Anandorup Ghose, partner, Aon Consulting.
Companies are increasingly focusing on the need to align mobility policies to directly support the business objectives, he said.
On the global scale, however, India has a long way to go. New Delhi was ranked 119 and Mumbai 125, compared with 73 for Shanghai and 90 for Beijing, in the Global 150 Cities Index that lists locations according to the financial and lifestyle benefits they offer.
The index highlights the cities that have the ideal combination of high salaries, low taxes and costs, and quality of life. Zurich and Geneva in Switzerland top the ranking, followed by Luxembourg, Munich, Vienna, New York, Berlin, Toronto, Calgary (Canada) and San Francisco in the Top 10.
AIRINC researched and evaluated more than 2,500 cities based upon over 60 hardship components, classified into 11 categories including physical threat and safety, discomfort, and inconvenience.
The survey combined local salary levels, tax rates, living costs and living conditions to assess the attractiveness of each location to arrive at the ranking.
In terms of lifestyle benefits, New Delhi was at 119 and Mumbai at 120. Based on financial benefits, the Indian capital was at 118 and Mumbai at 129.
Factors such as low salaries against global scale and environmental issues seem to have hurt the ranking for Indian cities. “While individual companies have little control over environmental factors, they can determine incentives to sweeten the offer with regard to salaries, housing, hardship premiums and educational allowances,” the survey said.
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