Tag Archives: cost of living allowance

What is Expatriate Pay Philosophy?

Organisations spend insufficient time creating a well designed expatriate remuneration strategy and policy. This is dangerous given that the highest employee turnover is at the beginning and end of international assignments, indicating a lack of integration of expatriate pay philosophy with … Continue reading

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Being An Expat, Your Salary, Your Cost of Living

In many social or work situations, I often get asked the question: “So what exactly do you do?” or “What is the business about?” My usual response is to explain that I am a part owner in a Cost of … Continue reading

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Cost of Living – Africa July 2012

The oil rich countries of Angola and Nigeria are the most expensive places to live for expatriates in Africa. Luanda is Africa’s most expensive place to live in July 2012, overall. Luanda is followed by Abuja and Lagos in Nigeria. … Continue reading

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Cost of Living – America July 2012

The oil rich countries of Venezuela and Brazil are the most expensive places to live for expatriates in the Americas. Caracas is the Americas most expensive place to live in July 2012, both overall and based on the cost of … Continue reading

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How to Calculate a Cost of Living Allowance – Part 3

The formula for calculating a cost of living allowance using the inputs discussed in part 2 are as follows:

(Net Spendable Salary X Cost of Living Index X Hardship Index X Exchange Rate) less (Net Spendable Salary X Exchange Rate) = COLA Continue reading

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How to Calculate a Cost of Living Allowance – Part 2

The formula for calculating the specific cost of living index for an international assignment is as follows: Cost of Living Index = Customized Cost of Living Index for Host City / Customized Cost of Living Index for Home City When moving … Continue reading

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How to Calculate a Cost of Living Allowance – Part 1

A Cost of Living Allowance (COLA) is a salary supplement paid to employees to cover differences in the cost of living, particularly as a result of an international assignment. The amount of COLA should enable an expatriate to be able … Continue reading

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