cost-of-living adjustments
Wage inflation matching
Cost-of-living adjustments are increases to wages, benefits, or payments designed to keep pace with inflation.
Social Security recipients receive annual cost-of-living adjustments based on consumer price indexes.
Union contracts often include them: The new contract guarantees a 3% cost-of-living adjustment each year.
Often abbreviated COLA.
- salary negotiationsTalks about worker pay
- annual raisePeriodic salary increase
- wage growthIncrease in compensation
- union contractBinding pact between workers and management
- Social SecurityFederal old-age insurance program
retirement benefits · golden years · pension plans · federal workers · inflation · rent hike · purchasing power · keeping up · bread and butter · minimum wage · real income · collective bargaining · monetary policy · employment contracts · labor unions · job security · pay scales · economic indicators
cost-of-living adjustmentsperformance bonuses
Extra compensation for achievement
merit pay · pay-for-performance · commission · incentive pay · productivity bonuses
cost-of-living adjustmentspay cuts
Lowered employee compensation
wage freezes · benefit cuts · wage stagnation · pay freezes · furloughs
costing, costly, costliness, living, livelihood, adjust, adjusts, adjusted, adjusting