Cost of Living vs. Cost of Labor — Is There a Difference?
Zenefits
JUNE 1, 2022
Since that time, the various annual COLAs have ranged from a low of 0.00% in 2010, 2011, and 2016 (0.03% in 2017) to a high of 14.3% The primary factors involved in calculating the cost of labor include: Salaries, wages, incentives, commissions, and bonuses. So, why don’t all companies apply cost of living adjustments?
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