Compensation programs can be complex to establish and manage. Your compensation structure must facilitate recruitment, retention, and equity across geographically dispersed worksites. Runzheimer’s Living Cost Standards report is designed to address differences in employee purchasing power across multiple work locations. This report includes costs for:
Goods and Services
HOW IT WORKS
Runzheimer’s Living Cost Standards report enhances your cost-of-labor data by providing cost-of-living comparisons to develop defensible geographic salary differentials. Data includes a complete living cost analysis for any location in the U.S. and Canada. Locations are ranked by index and living cost component and are compared to a common location, such as your headquarters.
Provide specific parameters such as salary, family size, and locations
We calculate living costs compared to base location using our proprietary data and methodology
The report is delivered, providing a detailed breakdown and ranking of locations
Geographic salary differentials can be created and paid to all employees working in qualified locations