Dear all,
I will be sent to Singapore for 1 year by my employer (no family).
For cost of loving allowance, they have used the MERCER table. I am wondering whether they use the table correctly, given the very low COLA compensation I will get. Hopefully someone with experience can help me out.
The MERCER table I received from my company compares with the example table published by MERCER (attached to this post): https://www.mercer.co.jp/content/dam/me ... mercer.pdf
- My company will give me a yearly COLA which is listed under the column 'differentials' (p. 5 of the pdf, see green box in attachment to this post). However, shouldn't they be giving me the COLA-amount which is listed under the column 'Single Allowance' (p. 4 of the pdf, see black box in the attachment to this pdf). I would think that 'Single Allowance' means the COLA for a single person.. Is my company using the MERCER table wrong by looking at the column 'differentials' for determining my COLA?
I look forward to receiving your views on how to use the MERCER table for getting to my COLA in the correct way.
Thanks!
Kevin