Episode 3: The COLA Challenge (Cost of Living Adjustment): Get Paid $10,000 to Leave Your State.
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Companies calculate a Cost of Living Adjustment (COLA) whenever one of their staff relocates and moves to a state that either has an incredibly high cost of living (California) or a low one (Iowa). However, as more companies become remote and people get to decide where to live, is COLA still relevant, and more importantly, is it still fair for the employee? Companies are saving thousands in commercial real estate and retention perks by having their employees go remote, so why are they so picky about COLA? Anna, Larry, and Trip discuss.
Episode 3: The COLA Challenge (Cost of Living Adjustment): Get Paid $10,000 to Leave Your State.
Episode 3: The COLA Challenge (Cost of Living…
Episode 3: The COLA Challenge (Cost of Living Adjustment): Get Paid $10,000 to Leave Your State.
Companies calculate a Cost of Living Adjustment (COLA) whenever one of their staff relocates and moves to a state that either has an incredibly high cost of living (California) or a low one (Iowa). However, as more companies become remote and people get to decide where to live, is COLA still relevant, and more importantly, is it still fair for the employee? Companies are saving thousands in commercial real estate and retention perks by having their employees go remote, so why are they so picky about COLA? Anna, Larry, and Trip discuss.