Local Housing Data Leads to More Accurate COL Differentials

by Marillyn Tefft, Senior Researcher 28. February 2013 13:24

Whether you are calculating the relocation of a specific individual or developing your organization’s relocation policies, only using Metropolitan Statisical Area level housing data may not provide the most accurate cost-of-living differentials.

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Update on 2013 Per Diem Rates for HR and Relocation Professionals

by Marillyn Tefft, Senior Researcher 7. November 2012 14:00

Short-term and temporary assignments (typically 3 – 12 months) are increasingly being used by ERI’s subscribers as a best practice for domestic and global assignments. Companies must consider reimbursement policies for these assignments based on how the IRS regards substantiating the amount of ordinary and necessary business expenses incurred while traveling away from home.

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Salary Increase Planning: Don't Be Tempted by COLA Figures

by Marillyn Tefft, Senior Researcher 19. September 2012 10:32

Annual cost-of-living adjustments, also known as COLA increases, become headline news in October when the Social Security Administration releases its benefits figures for the upcoming year. In 2012, the increase was 3.6%, while predictions for 2013 range from 1.3% to 1.8%. Coverage surrounding the figures may prompt HR professionals to consider how their company’s compensation increases compare.

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What Constitutes Reliable Cost-of-Living Data? Five Components That Matter

by Marillyn Tefft, Senior Researcher 6. September 2012 13:43

Workforce mobility has moved from a transaction to strategic role in the overall development and management of talent. Creating attractive mobility packages for key employees depends on justifiable cost-of-living data based on several underlying components.

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Why is the Cost of Living in International Locations So High when Compared with U.S. Cities?

by Marillyn Tefft, Senior Researcher 22. August 2012 10:03

Our Relocation Assessor provides cost-of-living differentials based on a North American management/professional lifestyle in both the home and host location. The traditional international expat lifestyle has typically encompassed an even higher level of perks than what is common in North America.  Replicating this standard of living in international locations considered “inexpensive” can be surprisingly costly.  In fact, it is not unusual for total global mobility costs to be two to three times the actual salary, with cost-of-living differentials comprising a relevant percentage of these expenses.

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