The market basket is a key element in establishing the Cost-of-Living Allowance (COLA), so it is important that Global Mobility professionals understand it.
AIRINC’s product team continually collaborates with clients to ensure our tools meet your evolving needs.
The main factors causing currency fluctuations this month are inflation forecasts, changes in domestic money supply, and the United States FED announcement.
With inflation continuing to be a global issue, let’s review some key areas that inflation can impact your global mobility program and ways to address them!
The United States’ rate increases continue to impact currency changes and a variety of domestic issues.
One-way transfers and other host-based compensation assignments have grown in popularity over the past several years.
The United States’ interest rate hikes, account deficits, and increased spending have all contributed in some way to this month’s currency changes.
As part of our “back to basics” webinar series, Marie Soubessens and Kevin Theissen presented on The Effects of Inflation and Exchange Rate Fluctuations on the COLA.
