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What is a COLA?

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If you are transferring or if you are changing positions and the change requires a relocation, you'll need to know about Cost Of Living Adjustments (COLA)s. The idea is that when you move from one region to another, the cost of living changes. COLAs allow compensation to employees or prospective employees so that their lifestyle does not deteriorate as a result of moving from a low cost region to a higher cost region.

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