In this enlightening episode of the CanadianSME Small Business Podcast, we sit down with Vince Cordova, Partner at Workforce Mobility Advisory, Mercer. Vince brings over 25 years of experience in international HR operations and shares his insights on effectively managing compensation in a fluctuating economic landscape.
Key Highlights:
- Vince discusses how businesses can support their employees amid inflation and currency fluctuations, emphasizing the need for transparency in compensation.
- Exploring the challenges and strategies for managing international assignments in high-cost, low-quality-of-life cities.
- Vince provides an analysis of housing cost trends in major cities and their implications for business compensation strategies.
- Insights into how companies can use Mercer’s Cost of Living Data to enhance global mobility decisions and avoid common data usage pitfalls.
- Strategies for adjusting compensation to keep pace with changes in cost-of-living rankings across various cities.
Listen On
We would like to thank Vince Cordova for sharing invaluable advice for small business leaders navigating the complexities of international market conditions.
Shoutout to our sponsors for more information find their links below:
RBC: https://www.rbcroyalbank.com/dms/business/accounts/beyond-banking/index.html
UPS: https://solutions.ups.com/ca-beunstoppable.html?WT.mc_id=BUSMEWA
Xero: https://www.xero.com/ca/?source=CanadianSME
Constant Contact: https://www.constantcontact.com/landing1/new-marketer?utm_campaign=canadiansme&utm_medium=sponsorlogo&utm_source=brand
IHG Hotels and Resorts: https://businessedge.ihg.com/s/registration?language=en_US&CanSME
Don’t forget to subscribe to CanadianSME Small Business Magazine at www.canadiansme.ca for more insightful episodes that empower your entrepreneurial spirit.
