High inflation is affecting us all.
Easing COVID-19 restrictions and the naira depreciation have increased demand for rental housing in Nigeria, inflating the market gradually over the last few months.
This month’s currency changes can be attributed to political uncertainty and foreign reserves changes.
Inflation is all over the headlines, creating concern for both assignees and local employees alike.
This month’s currencies have been affected by a wide variety of reasons both domestically and internationally.
Have your assignees ever asked, “The price of gas went up 20%, so why hasn’t my cost-of-living allowance (COLA) increased to match?” .
Food shortages and gas prices continue to negatively impact countries’ abilities to help their people obtain basic needs.
The past year has been unprecedented for inflation. Both supply chain issues and global conflicts have led to high single-digit to double-digit inflation in nearly every country.
Compensation approaches are becoming more dynamic than ever given the expansion of remote work, emergence of global roles, talent shortages, and more.
Considering the conversations in the news recently about wage growth and how to respond to the rising cost of living, I thought I would discuss a favorite tax ‘reward’ - more net take home pay.