3. Negative COLA
While it’s uncommon to provide a negative COLA, one attendee shared it’s an effective way to reduce turnover because it provides purchase power continuity for mobile employees and creates more equity between mobile employees within an organization.
2. Employee Equity
Account for employee equity as you’re evaluating allowances. It’s a balancing act: restricting allowances can create inequities depending on whose benefit options are being limited, but granting allowances can create inequities too, depending on how and to whom they are provided.
1. Flexibility
Flexibility is important for companies and mobile employees, and most companies provide some level of flexibility, through lump sum programs, delivery choice, Core-Flex or managed moves.
