Understanding COLA in Compensation: What Does It Mean for Employee Benefits?

hi, i would like to know about the meaning of term "COLA" in compensation and benefits programme in any organisation. Regards, pampi
6th September 2007 From India, Kochi

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Sunil Joshi

Dear Pampi,

COLA stands for Cost of Living Adjustments. This is more of a US concept. In India, we know this as dearness allowance. You can also include CCA (City Compensatory Allowance) under this.

Best wishes,
Sunil Joshi
PGCHRM - XLRI
6th September 2007 From United States, Bedford

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Understanding COLA in Compensation: What Does It Mean for Employee Benefits?

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