What Is The Meaning Of COLA In Compensation And Benefits Pro

pampi.goswami

hi, i would like to know about the meaning of term "COLA" in compensation and benefits programme in any organisation. Regards, pampi
6th September 2007 From India, Kochi

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Sunil Joshi

Dear Pampi,
COLA stands for Cost of Living Adjustments. This is more of a US concept in India we know this as dearness allowance you can also club CCA (city compensatory allowance) under this.
Best wishes,
Sunil Joshi
PGCHRM - XLRI
6th September 2007 From United States, Bedford

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What Is The Meaning Of COLA In Compensation And Benefits Pro

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