The Difference Between Performance Raise And Cost Of Living Raise

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Merit Versus Cost-of-Living Raises: Which Is Right for ...

https://www.fool.com/careers/2018/11/19/merit-versus-cost-of-living-raises-which-is-right.aspx

Nov 19, 2018 · Cost-of-living raises Since living expenses tend to climb over time, the only way to keep up is to get enough of a raise each year to match those general increases.

What is a Merit Increase and Why They Matter? Glassdoor

https://www.glassdoor.com/employers/blog/why-giving-merit-raises-matters/

Jul 09, 2019 · Merit increases focus on your staff's performance towards a goal, whereas simple pay raises are just arbitrary increases based on their duration of time at the company or cost of living adjustments. Merit raises are supposed to motivate the whole staff, but can quickly breed resentment if employees don't think it's done fairly.Author: Donna Fuscaldo

What is the Difference between COLA's and Pay Raises?

https://www.federaldisability.com/blog/2016/12/colas-pay-raises/

Dec 06, 2016 · There is often confusion between a Cost of Living Adjustment (COLA) and a pay raise. While they both provide an increase in payments, whether annuity or income, they are very different. So, what is a COLA and what is a pay raise? COLA’s. Cost of Living Adjustments are effective December 1 st and payable to retirees each January. They are a ...

What is a Cost of Living Raise? Randstad

https://www.randstadusa.com/jobs/career-resources/career-advice/cost-of-living-raise/637/

Mar 28, 2019 · A cost of living raise differs from a traditional raise or bonus in that it is given to all employees equally, not on the basis of individual merit, productivity or performance. Most cost of living raises are calculated and issued annually. Cost of living raises are much more common in the public sector, where they are legally required of certain employers. In the private sector, however, …