Paris Olympics: Hitting the right stride for international assignees 

An already-vibrant city will be bustling with excitement surrounding the event, and Paris will be set on the world stage. But what will this mean for Parisians and international assignees living in the capital city?

With throngs of sports fanatics embarking on their Olympic journeys to Paris, it is only right that organizations with assignees positioned in France’s capital city look to assess the potential impact this world event could have on costs. With the events taking place from July 26 to August 11, 2024, the increased demand can lead to pricing volatility across goods and services.

Analyzing price fluctuations: Mercer Mobility’s trove of data – covering the cost of living, daily costs, housing and airfare, and its basket methodology approach to data analysis – equip us with the tools needed to effectively analyze trends across select data products. As such, we can monitor the impact the Olympics will have on pricing movements. This will help you see the realities facing your assignee population in Paris. Our Per Diem 2.0 tool offers this capability in hundreds of global locations to do the same, allowing users to effectively assess the risk of price movements and adapt with minimal impact to their international assignees.

The custom Olympic basket has been inspired by Mercer’s Per Diem Allowance Calculator 2.0 — a cutting-edge tool that helps you compensate employees for the cost of daily life at assignment locations. Designed specifically to assist with business travelers and expatriates on short-term assignments, it is intended to provide a fixed daily living allowance. Our per diem recommendations are easily customizable to dozens of items across multiple categories with coverage of nearly 500 locations therefore allowing you to effectively establish budgets.

Our Olympic basket utilizes the Per Diem budget approach to create a customized review of goods and services in a specific location – Paris, France. In this analysis, we will assess how certain costs differ over time in the lead up and during the Olympic games.

The bespoke Olympic basket of goods includes items visitors may purchase this summer, including travel, transport, toiletries, and food and drink.

By providing an analysis of the impact on price fluctuations, Mercer’s insights enables organizations to make informed decisions and effectively manage their resources.

Mercer Mobility’s extensive data offerings can equip you with everything you need to effectively design compensation packages for your mobile employees — from creating bespoke baskets with our Per Diem 2.0 tool to calculating housing, airfare, transportation or furniture allowances. You can even benchmark your mobility policies against industry peers to maintain a competitive advantage or make use of our technology solutions to help manage and monitor international assignments.

Empower your compensation decision-making with our Per Diem 2.0 calculator.

Wondering about how to estimate your employees’ daily spending accurately? Sign up today for our 14-day trial and experience the full potential of our daily allowance compensation tool. We will be thrilled to have you on board and as you explore the tool’s extensive range of features and benefits. During this trial, you can explore key functionality and witness first-hand how our solution streamlines your international assignee budget workflow, boosts efficiency, and drives tangible results.

Eligibility: The trial access is exclusively available to HR and talent mobility professionals who are actively engaged in the field. By requesting trial access, you confirm that you meet this eligibility requirement. Mercer reserves the right to decline your application to the trial. 

Given you and your organization meet the eligibility criteria, access details will be provided within 5 business days.