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What Is The Meaning Of COLA In Compensation And Benefits Pro


pampi.goswami
hi, i would like to know about the meaning of term "COLA" in compensation and benefits programme in any organisation. Regards, pampi
From India, Kochi
Sunil Joshi
16
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 club CCA (city compensatory allowance) under this.
Best wishes,
Sunil Joshi
PGCHRM - XLRI
From United States, Bedford
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India, Kochi
06 September 2007 07.02.41 AM
Views: 5820 Replies: 1 Appreciations: 1
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