30. December 2013 13:10
For most locations, housing is the largest and most variable expenditure component for calculating cost of living (COL). It is important for HR and mobility professionals to understand the differences and nuances in housing data. Many sources provide valuable aggregate housing data for Metropolitan Statistical Area (MSA) level housing prices; however, more granular data are often required for accurate COL analyses. [More]
1. October 2013 13:42
HR and Mobility professionals are facing an increasing demand to use cost-of-living data to analyze expenses for multiple types of assignments such as long-term, short-term, temporary and extended business travel. ERI Economic Research Institute Relocation Assessor data provides data which can be used to benchmark estimated costs for a variety of assignments. Below we detail the flexibility of data provided in a single report.
1. October 2013 08:52
In our latest cost-of-living comparison using data from ERI’s Relocation Assessor, we examine a professional relocating from Pittsburgh, PA to three other U.S. locations. The analyses are meant as one-to-one comparisons based on replicating a typical professional lifestyle with annual earnings of $100,000 in Pittsburgh. In addition to the total cost-of-living comparisons, we’ve provided differentials for each of the major expenditure pattern components: consumables, transportation, health services, housing, and taxes.
7. August 2013 08:40
Attracting and retaining top talent is a key function for many HR, compensation, and relocation professionals. Analyzing the relationship between cost of living and salary for a specific location is a tool that can be used in certain situations to enhance presentations to management, educate relocating employees, and attract new hires. [More]
5. July 2013 15:42
HR and relocation professionals should be cognizant of the impact state and local taxes can have on cost-of- living differentials.