Difference between revisions of "Cost-of-living adjustment"
(Created page with "Cost-of-living adjustment is the negotiated compensation increase given an employee based on the percentage by which the cost of living has risen, usually measured by a ch...") |
|||
| Line 5: | Line 5: | ||
According to [[Labor Relations and Collective Bargaining by Michael R. Carrell and Christina Heavrin (10th edition)]], | According to [[Labor Relations and Collective Bargaining by Michael R. Carrell and Christina Heavrin (10th edition)]], | ||
:[[Cost-of-living adjustment]]. The negotiated compensation increase given an employee based on the percentage by which the cost of living has risen, usually measured by a change in the consumer price index (CPI). | :[[Cost-of-living adjustment]]. The negotiated compensation increase given an employee based on the percentage by which the cost of living has risen, usually measured by a change in the consumer price index (CPI). | ||
| + | According to the [[HRBoK Guide]], | ||
| + | :[[Cost-of-living adjustment]] ([[COLA]]). Pay change due to economic conditions. An increase or decrease in pay based on changes in economic conditions in a geographic location or country. | ||
==Related concepts== | ==Related concepts== | ||
| Line 12: | Line 14: | ||
*[[Introduction to Labor Relations]]. | *[[Introduction to Labor Relations]]. | ||
| − | [[Category: Labor Relations]][[Category: Articles]] | + | [[Category: Labor Relations]][[Category: Articles]][[Category: Management]] |
Latest revision as of 12:39, 18 July 2020
Cost-of-living adjustment is the negotiated compensation increase given an employee based on the percentage by which the cost of living has risen, usually measured by a change in the consumer price index (CPI).
Definitions
According to Labor Relations and Collective Bargaining by Michael R. Carrell and Christina Heavrin (10th edition),
- Cost-of-living adjustment. The negotiated compensation increase given an employee based on the percentage by which the cost of living has risen, usually measured by a change in the consumer price index (CPI).
According to the HRBoK Guide,
- Cost-of-living adjustment (COLA). Pay change due to economic conditions. An increase or decrease in pay based on changes in economic conditions in a geographic location or country.
Related concepts
- Labor relations. The systematic study of attitudes, motivations, and behaviors which two or more job-market actors assume toward each another.
