Unlock the potential of your mobile workforce with our cutting-edge guide to "Cost of Living Allowances."
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Tuck into this comprehensive guide on Cost of Living Allowances, given to employees to offset the differences in the cost of living when relocating from a low-cost to a high-cost area. Discover our expert-backed recommendations for ensuring that your COLA approach is consistent, equitable, and cost-effective!
The best practice approach to cost-of-living assistance should include a broad-based, expert evaluation of the differential; a plan for equal application to all qualifying employees; a payback agreement; a minimum qualification threshold, and clear guidelines for the administration, terms, and conditions under which it is provided.