Cost Of Living Increase Letter To Employees

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What Is a Cost of Living Raise? How to Determine Cost of ...

https://www.patriotsoftware.com/blog/payroll/what-is-a-cost-of-living-adjustment/

Jul 31, 2017 · What is a cost of living increase? Inflation causes cost of living expenses to regularly increase. As the price of everyday items such as food, housing, gas, clothing, and utilities rises, your employees spend more. To remain in a consistent financial situation, employee wages must go up as living expenses go up.

City approves cost of living salary increases for ...

http://www.therepublic.com/2020/10/08/city-approves-cost-of-living-salary-increases-for-employees-elected-officials/

Oct 08, 2020 · COLUMBUS, Ind. -- Columbus is approving a cost of living salary increase of 1 percent for its employees and elected officials. The Columbus …

Cost-of-Living Adjustment (COLA) Information SSA

http://www.ssa.gov/cola/

Cost-of-Living Adjustment (COLA) Information for 2020 Social Security and Supplemental Security Income (SSI) benefits for nearly 69 million Americans will increase 1.6 percent in 2020. The 1.6 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 63 million Social Security beneficiaries in January 2020.

Policies > Merit Increases and Cost of Living Adjustments ...

https://www.fit.edu/policies/human-resources-policies/employment/merit-increases-and-cost-of-living-adjustments/

8.10 Merit Increases and Cost of Living Adjustments Policy. Merit increases are granted to employees to encourage efficiency and to reward performance. COLA’s are based on the standard increases in the cost of living, as measured by the Consumer Price Index. Merit increases and Cost of Living Adjustments are not automatic.

How to Communicate a Pay Raise - Indeed

https://www.indeed.com/hire/c/info/how-to-communicate-a-pay-raise

Cost of living increase; Company revenue and growth . Remember that while many employees may demonstrate loyalty to their company and coworkers, they may find themselves considering how their salary impacts their personal life. For example, stressors from home and family life or increasing bills may have employees looking elsewhere for a bump ...

Cost-of-Living Adjustment (COLA) - SBCERA

https://www.sbcera.org/post/cost-living-adjustment-cola

Determining the COLA. Cost-of-Living Adjustments (COLA), up to a 2 percent increase, are given on April 1st of each year based on the increase or decrease in the Bureau of Labor Statistics’ Consumer Price Index (CPI) as of January 1st of each year (Government Code section 31870).The COLA is always rounded to the nearest one-half percent and will never exceed 2 percent.

25 Effective Salary Increase Letters

http://www.salaryexplorer.com/ask-for-raise-letter.php

Salary Increase Letter: Increase in Cost of living Dear [Manager Name], Before I delve in to the core purpose of my letter, I would like to express my full confidence in the benefits system followed at this esteemed company. I have absolutely no doubt in the company's desire to establish a fair environment for all staff by adequately ...