Q.1 2024
Data Points
A Selection of AIRINC Research Results
This quarter’s cost-of-living research was conducted primarily in North America, Central and South America, the Middle East, Africa, Maritime Southeast Asia, and Oceania.
Currency: ARS
Change vs EUR: -5.6%
Change vs USD: -5.2%
Currency: CLP
Change vs EUR: -9.1%
Change vs USD: -8.8%
Currency: EGP
Change vs EUR: -31.6%
Change vs USD: -31.3%
Currency: GHS
Change vs EUR: -6.7%
Change vs USD: -6.3%
Currency: KES
Change vs EUR: 10.4%
Change vs USD: 10.9%
Currency: NGN
Change vs EUR: -50.2%
Change vs USD: -50%
Currency: TRY
Change vs EUR: -9.8%
Change vs USD: -9.4%
Currency: SSP
Change vs EUR: -32%
Change vs USD: -31.8%
Currency: LKR
Change vs EUR: 6%
Change vs USD: 6.5%
Currency: SRD
Change vs EUR: 6%
Change vs USD: 6.6%
Currency: TRY
Change vs EUR: -9.8%
Change vs USD: -9.4%
Currency: ZWL
Change vs EUR: -65.4%
Change vs USD: -65.3%
At the Federal level for 2024, there have been inflation-indexing adjustments to tax brackets and the standard deduction. The tax rates are unchanged. There is an increase in the social security wage base. Statistical itemized deductions have not been updated as the IRS published information on deductions claimed was not available at the time of the tax update. The net effect of these changes varies by income level, family size, state selected, and deduction type. An election-year bipartisan agreement is unlikely, but possible, as Democrats seek to restore the 2021 temporary higher child tax credits from the American Rescue Plan, and Republicans pursue a restoration of the deductibility of research and development (R&D) investments that expired at the end of 2022. AIRINC will update the tax models, as needed.
AIRINC researches more than one hundred fifty locations each quarter.
White Papers & Articles
Sustainability is often thought about purely in the context of the environment. However, sustainability has multiple facets. There are many different ways to describe how organizations can achieve sustainable operations, but the most commonly accepted approach is to consider the company’s Environmental, Social and Governance (ESG) strategy. This report highlights key themes to think about and examples of how we see leading companies make tangible steps to develop strategies for all three ESG pillars.
Benchmark Surveys
Each year it seems that Global Mobility is confronted with new and complex issues. As Mobility expands its remit and diversifies its portfolio, the types of challenges being faced are continually changing. 37% feel like the Global Mobility function has fundamentally changed since pre-pandemic times.
White Papers & Articles
The term, API, often gets raised when talking about making Global Mobility’s work easier and faster. Why is it important and how can it help Global Mobility teams to be more productive? Let’s start with the basics.
WHITE PAPERS & ARTICLES
2023 is shaping up to be a significant year for global mobility programs. Seismic changes to the mobility environment have been precipitated by the pandemic, geo-political tensions, societal changes, the environmental crisis, and economic headwinds.