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Living Cost Standards
Strengthen Your Compensation Program
ENHANCE YOUR COST OF LABOR DATA
Compensation programs can be complex to establish and manage. Company compensation structures must facilitate recruitment, retention and equity across geographically dispersed worksites. We designed our Living Cost Standards report to address differences in employee purchasing power across multiple work locations. These reports include costs for:
- Housing (Homeowner/Renter)
- Transportation
- Income Taxes
- Goods and Services
HOW IT WORKS
Our Living Cost Standards report works from cost-of-living comparison data to develop defensible geographic salary differentials. The data we collect includes a complete living cost analysis for any location in the U.S. and Canada. Our system ranks locations by index and living cost component before comparing them to a common location, such as a company’s headquarters.
We:
- Calculate living costs compared to base location using our proprietary data and methodology
- Deliver the report, providing a detailed breakdown and ranking of locations
You:
- Share specific parameters such as salary, family size and locations
- May use this data to pay all employees working in qualified locations using the geographic salary differentials our system creates