Inflation and Devaluation
The Cost of Living Allowance (COLA) is a central part of an international assignee’s package. What happens when this highly visible allowance decreases?
While a number of factors contribute to changes in one's COLA, exchange rate fluctuations are significantly influential. Due to home and host location economic conditions, expatriates need to be educated on what the impact of these changes will be to their COLA and their overall purchasing power in the host country. (To learn more about currency devaluations, you can click here to download our recent whitepapers.)
When does COLA increase and decrease?
Stay Ahead of the Curve:
Staying ahead of trends is important in every industry and you can do this best through education and equipping yourself with the best available tools. If you'd like to learn more about BSM, COLA, or any other mobility tools and offerings, don't hesitate to contact us at any of our global offices today!