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Insured for over 10 million euros
COLA determination
A cost-of-living analysis is a comparative study of the expenses that employees may face, during an international assignment, to maintain a similar standard of living in their destination country.
To compensate for the difference in the cost of living, companies may provide to the employee a Cost-of-Living Allowance (COLA). The main goal is to ensure the employee is no better or worse off financially during their assignment
COLI determination
A professional cost-of-living analysis takes into consideration a basket of goods and services (the “expat basket”) which is a curated collection of products and services used to compare costs between the home country and the host location.
The basket usually includes items such as consumer goods, services, transportation, utilities, housing and education. Depending on the company policy, the basket might exclude housing, education and healthcare, to be covered separately.
The difference in cost determines the Cost-of-Living Index (COLI). Such index determines if the assignee needs more money to maintain their home-country lifestyle.
Talent retention
A failed assignment can lead to significant costs to the company. Furthermore, sourcing new candidates can be very challenging. As the price stability can fluctuate worldwide, without a COLA the expatriate salary can effectively lose value, leading to dissatisfaction and, eventually, failed assignments.
That’s why companies prefer to invest significantly in talent retention, by investing in a well-structured global mobility policy, with standardized processes that should prevent high employees’ turnover.
Additionally, the global mobility policy may include professional relocation services and spousal support programs, to help the partner to adapt to the host country.
Service delivery
We adhere to established processes and internal policies for the provision of our services.
- We aim to provide an initial response within 24 hours of receiving your request.
- You can send us your documents by conveniently uploading them remotely using the A&P management system.
- Our immigration experts can assist you in English.
- We can assist you with all over Italy and worldwide thanks to our network of partners.
