Illustrate Cost of Living

What do you mean by Cost of Living?

E

Expert

Verified

It is always expected that there has to be adjustment in pay rates in accordance with prevailing cost of living. The changes in the cost of leaving affect purchasing power of the person. Trade union also considers this as a base for collective bargaining on wage issues.

   Related Questions in HR Management

©TutorsGlobe All rights reserved 2022-2023.