Study praises Toronto as `lowest risk city` in the world for business
Toronto`s drive to shore up its reputation as leading international business hub was bolstered Monday after a new study hailed it as the most desirable city in the world for companies to recruit, hire and transfer employees.
Aon Consulting`s People Risk Index compared 90 global cities on demographics, education, employment practices and government regulations.
Toronto was ranked the "lowest risk city" in the world for employers, ahead of rivals New York, Singapore, London and Montreal. Even so, the study suggested Toronto still has much "room for improvement" on the talent front.
Both Toronto and Montreal fared well because of Canada`s low level of corruption, its focus on equal opportunity legislation along with health and retirement benefits, the study said.
The highest-risk cities for companies, meanwhile, include as Dhaka, Bangladesh; Phnom Penh, Cambodia; Lagos, Nigeria; Karachi, Pakistan; and Tehran, Iran.
"Cities with low risk typically have a government that is transparent, non-confrontational, and deal with employment issues fairly," said Rick Payne, chief research officer of Aon Consulting`s Global Research Centre in a release.
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