Cost of Living
Provide and update cost of living allowances for mobile employees. Cost of living can play a role in traditional compensation, such as the balance sheet, and non-traditional in preparing lump sum allowances. Customize to your program.
Support local salaries while maintaining nationally consistent salary structures. Cost of living data can allow you to create the right level of variation for your local salaries while continuing to tie overall compensation to national levels.
Ensure your permanently relocated employees won't face a significant lifestyle change. Examine the net difference to the employees lifestyle given their salary and living situation to ensure an easy transition.
Employee Relocation
Utilize compensation data to deploy your workforce nationally or globally to meet the changing needs of your business.
Explore data to best compensate employees hired outside of your office locations that need to relocate.
Move offices to talent or move people to offices. Group moves can be challenging and understanding the cost to the employee and the company is essential for success.
Talent Acquisition
Validate your job offers. Knowing fundamentals about a candidates location and lifestyle can help you know if an offer is appropriate given their local cost of living.
Increase job acceptance rates with offers calibrated to the local market.
Source candidates from a wider talent pool with localized compensation.
Remote Work
Determine local salary adjustments for your remote workforce. At a local and regional level, cost of labor data can be scarce. Our research has shown that cost of living is highly correlated with cost of labor, making it an excellent proxy to fine tune your local workforce compensation.
Create a truly localized salary structure with real, on the ground costs. Pairing detailed cost of living data from hundreds of locations with current compensation structure, will allow your organization to add localized depth and range ensuring workers are paid correctly for their market.
Improve employee experience by helping your workforce make informed relocation decisions. As employees continue to make the shift to remote work, they are looking to relocate to new locations that can support their lifestyle and needs. By providing robust data tied to their salary and life situation, your organization can ensure their financial well being.
Retirement
Aid retirees or those that are approaching retirement budget and spend their retirement income approprately for their location and lifestyle.
Create data to build calculations into your own tools on how much you need to save to replicate a lifestyle.
Explore cost of living differences to see how far your money will go across the globe.
About Us
In a world of unlimited data, it is hard to find a comprehensive source of raw, yet usable information or a partner that can model data in ways that fit your business needs.
Global IQ Data has a long history in data covering acquisition, modeling, analytics and insights.
Take a look around the site to see what we currently have available and how you can use it.
Don't see exactly what you need? Let us know. We continue to grow the scope and breadth of data to regularly meet client needs and look forward to partnering with you to get you the data you need or to help you understand and analyze the data you have.