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Location risk report published by Aon Hewitt

Aon Hewitt has released a new report that provides an assessment of the lowest risk cities in the world.

Aon Hewitt’s 2013 People Risk Index measures the risks that organizations face with recruitment, employment and relocation in 138 cities worldwide by analyzing factors as demographics, access to education, talent development, employment practices and government regulations. The Index found that New York, Singapore, Toronto, London and Montreal retained their ranks as the top five lowest-risk cities in the world.

For the second year, New York retained its title as the world’s lowest-risk city. Its demographic risk is the second lowest due to its large working-age population and high workforce productivity.

Conversely, Luanda, Angola; Port Moresby, Papua New Guinea; Addis Ababa, Ethiopia; Sana’a, Yemen; and Damascus, Syria represent the highest risk locations of the 138 cities studied.

“The way businesses now recognize and manage people risk has changed significantly over the last few years,” said Richard Payne, who was responsible for preparing the worldwide Index and is Talent and Rewards practice leader for Aon Hewitt in Asia Pacific. “Driven by a need to do more with less, business leaders have to be more innovative around how they invest; this has had an impact on how they think about talent sourcing and work force planning. Aon Hewitt’s People Risk Index enables businesses to make informed decisions – to balance operational requirements with people risks.”

The Aon Hewitt 2013 People Risk Index showed minimal differences from the 2012 rankings among the top five cities. Singapore remains the only city outside of Europe and North America that is ranked among the top five, while Hong Kong is among those ranked as the 10 lowest risk cities. Of note, two European cities moved up the ranks to be among the top 10 in 2013 – Copenhagen and Zurich. This can be attributed to the many pro-business employment policies in these two cities, their open door policy towards talent and continued focus on developing and improving the education and talent development infrastructures. Furthermore, the increased risk in the euro zone cities exacerbated by the ongoing debt crisis has reduced the relative risk in European cities outside of the euro zone.

To find out more about the 2013 People Risk Index, and to obtain a copy of the 2013 People Risk Index Ratings, please visit http://www.aonpeoplerisk.com

•Date: 27th March 2013 • World •Type: Article • Topic: Enterprise risk management

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