merit pay Archives

Age Of The Un-COLA: The Cost Of Living Myth

Just 11 percent of employers award cost-of-living adjustments (COLAs) to employees

Just 11 percent of employers award cost-of-living adjustments (COLAs) to employees, preferring to award promotional and merit increases, according to a WorldatWork study on compensation practices. COLA refers to an across-the-board wage and salary increase designed to bring pay in line with increases in the cost of living to maintain real purchasing power. Cost of living… Read More →