The process of adjusting salaries to meet the cost of living standards in different locations is known as _______.
- Compensation Localization
- Cost-of-Living Adjustment (COLA)
- Salary Harmonization
- Wage Standardization
The process is known as Cost-of-Living Adjustment (COLA). It involves adjusting salaries based on the varying cost of living in different geographic locations to ensure equitable compensation for employees.
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