In our organization, the cost of living adjustment that has been given over the past decade has out-paced actual economic growth in the community. While in any single year this may not be an issue, when compounded over the course of a decade it starts to create serious budgetary constraints.
I was wondering if anyone would be able to share with me a policy that ties an organization's annual cost of living adjustment to actual community growth? For example, using CPI or taxable valuations?
Response needed by
Tuesday, March 7, 2017