cost-of-living allowance (Meaning)
Wordnet
cost-of-living allowance (n)
an allowance for changes in the consumer price index
Synonyms & Antonyms of cost-of-living allowance
No Synonyms and anytonyms found
cost-of-living allowance Sentence Examples
- Many companies offer a cost-of-living allowance to employees relocating to areas with higher living expenses.
- Negotiating a cost-of-living allowance can help offset the financial burden of moving to a new city.
- Expatriates often receive a cost-of-living allowance to maintain their standard of living in foreign countries.
- Public sector workers may receive a cost-of-living allowance to keep pace with inflation and rising expenses.
- The cost-of-living allowance is calculated based on factors such as housing costs, transportation, and groceries.
- Some unions negotiate cost-of-living allowances as part of collective bargaining agreements to ensure fair compensation for their members.
- The cost-of-living allowance varies depending on the location and the employer's policies.
- Cost-of-living allowances are tax-free in some jurisdictions, providing additional financial benefits to recipients.
- Employees often appreciate cost-of-living allowances as they help mitigate the impact of inflation on their purchasing power.
- Cost-of-living allowances are designed to promote employee satisfaction and retention by addressing the financial challenges associated with living in high-cost areas.
FAQs About the word cost-of-living allowance
an allowance for changes in the consumer price index
No synonyms found.
No antonyms found.
Many companies offer a cost-of-living allowance to employees relocating to areas with higher living expenses.
Negotiating a cost-of-living allowance can help offset the financial burden of moving to a new city.
Expatriates often receive a cost-of-living allowance to maintain their standard of living in foreign countries.
Public sector workers may receive a cost-of-living allowance to keep pace with inflation and rising expenses.
