Cost-of-Living Analysis
Numerous factors must be considered when making a job offer or deciding to move an employee to another location. For your employee, it’s a move to a new city, new living arrangements, new friends, and potentially a higher cost-of-living. For your organization, it’s important to understand the financial impact of the transfer on your employee in order to provide the right incentives, as well as the cost implications of those incentives to your overall budget.
At the company's request, we can provide a comprehensive cost-of-living analysis to either the corporation or the employee. Performing a relocation cost-of analysis for transferring employees helps determine if their salary should be adjusted. Our analysis includes city-to-city comparisons covering housing, utilities, goods, and services.
Contact us at 800.529.7356 to request a cost-of-living analysis.