World's Most Expensive Cities

Do you know where is the most expensive city in the world??
Due to the exchange rate fluctuations and the rise in property prices, certain cities are getting more and more expensive to live in.
The surprising thing is that the cost of living in cities like London, New York, Tokyo and Paris does not seem to deter people from visiting both for leisure and work.
Well, the temptation is too much to reject I guess



The survey by Mercer Human Resource Consulting ranked 144 cities around the world, measuring the comparative cost of more than 200 items such as housing, transportation and food. The survey is aimed at helping multinational employers determine compensation for their expatriate workers.

Ranked No.1 is Moscow, No.2 : Seoul No.3: Tokyo

Moscow is so expensive to live in..I never thought of that..

Here is the list of the Top 50:

http://biz.yahoo.com/ap/060626/world_s_expensive_cities_glance.html?.v=1

Kuala Lumpur is not even in the list of Top 50. Disappointed??
Is it a good thing or a bad thing??

Why is it good to be Young?

Read this article today.

Malaysian employers tend to perceive older workers less favourably compared with younger ones, a global study commissioned by HSBC Bank reveals.

Apparently, young workers are perceived to be more energetic, aggressive and able to work at a higher tempo as they have higher endurance level.

However, older workers ( I mean over 50s) tend to be regarded as seasoned, vastly experienced and loyal..( there are little options of where they can go at this ripe age)

I believe that the COST could be the reason.
Whilst you can offer a young turk for a paltry sum RM2000 as his/her first employment salary,
after hiring, get him/her to work as hard as possible..loading him with the work of 3 or 4 persons..with a promise of a promising career prospect. I am sure a great majority would fall for that. Some made it, some don't

As compared to older workers, a firm can't possibly pay them 'chicken feed' and expect them to work just as hard. Seasoned as they are, they have the guts to demand higher returns for what they have contributed back to the firm. This represents high cost to the firm.
The maxim goes," Why hire a dispensable older worker when you can hire someone who can work as hard but commands one-third his salary?"

So, what should firms do to the older workers after hiring young blood??

Accelerate their departure by offering them VSS ( Voluntary Separation Scheme) i.e. Optional retirement benefits.


http://biz.thestar.com.my/news/story.asp?file=/2006/6/16/business/14543819&sec=business