For decades, major global cities like London, New York, Singapore, and Tokyo have dominated international markets as command hubs for capital and decision making. But as technology advances, it has enabled companies to distribute functions across different cities.
A research report by Savills, titled the Global Talent Index, suggests that a new corporate geography is emerging that has flipped the traditional relationship between workers and their jobs.
Singapore was the leading city in the Asia Pacific region, with London and New York taking the top two spots on the global list, respectively. The index was based on five key pillars: talent pool, liveability, competitive landscape, economic resilience, and cost efficiency. Other metrics included salary levels and real estate expenses.
Among the global rankings, Beijing was in 7th place, Shanghai in 8th, Hong Kong in 13th, Kuala Lumpur in 15th, and Sydney in 20th position.
The report highlighted that the past decade has also seen slowing cross-border migration of skilled...