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Simple Proven
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...
If You
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Then
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Let
me ask you this ?
If
you had a Retail Store with 190 Retail Store
Branch Locations
Worldwide, selling to more than a Million Dollars
in inventory in every one of your 109 Branch
Locations Worldwide to Millions
of Customers !!
Will
You have a Successful Financial Business
on the Internet ?
The
Home Income Portal is the Ultimate Business
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Generating Millions of Dollars In Revenue
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Buckle
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The Home Income
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It is the foundation upon
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STOP everything you are doing right now!
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A
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Will
you enjoy Financial Business Success
?
The Great Recession is over by most accounts, but
the Great Income Squeeze lingers on.This state of affair is torturing
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Support Infrastructure online today.
A Team assigned to build 106
Retail Branches Around The World online on 106 established
and indexed Domains (see below) with Unique Niche Content
to Dramatically Generate Income that is paid directly
to your account.
The
Millionaire Maker Strategy
The Home Income Portal
Is The Result of The Collaboration
of 13 Top Experts With A Combined 62 Years of - In The Trenches
-
Internet Marketing Experience.
Bottom Line: You
Will NOT Find A More Complete, Comprehensive, online business anywhere!
Only one burning
question remains...
Will you tap into their mastermind
plan and take full advantage of the Home Income Portal that
can bring you fast online profits
This Is Not Just About Making
Quick Profits ... It's About Building A Real Internet
Business
The Home
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evolution to
provide a
blueprint with the potential to create income
for you month, after month.
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Owner Instantly own a Million Dollar Inventory
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Like
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you have more thanA
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tried again to Break Through in Affiliate Income Generation, and have a hard time doing
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The
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It
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Income Portal ..
DON'T Require Huge Amounts Of
Capital To Get Started...
only
a small
Hosting subscription
is required
Produce Super Fast Profits... online
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Owners Lounge that takes A Couple Of
Hours And Generates Steady Profit.
Doesn't Take Any Special Technical
Knowledge Or Even Hard Work To Earn
Thousands Of Dollars Per Month...
You Don't Even Need To Know How To
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Effective It Doesn't Matter What
Age, Sex, Education Or Background
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There
are tons of so called Gurus out there in Cyberspace selling 'How to" ebooks
on the subject of 'Starting your
online business', most of which (in reality), is either just repeated info from someone
else or proven to be ineffective.
The Home Income Portal
online Business puts you in your own online business immediately,
and get you earning with your own products and services instantly.
The Home Income Portal is the
Only Formula That Will Build You A Long Term Online
Business starting Right Now
!!
At the heart of your powerful web
site will be the best-selling searchable web mall
available anywhere. This mall is stocked full of
the web's hottest selling products and services.
There is nothing for you to stock,
nothing for you to ship, and no payments to process!
All of these details are handled for
you by The internet
retailer.
Each Franchise
Owner have their own unique
identity that is automatically tied to each and
every single one of the products and services.
Your Retail profit (up to 75% on each and every sale
paid directly to you)
of these thousands of products and services
from your 106 Income Portals!(see
below for these portals) That's right, I said
that you can profit up to 75% on each and every
sale!
The
Internet offers You the Quickest, Simplest & Downright
Laziest Ways to earn a Passive Income from Home.
Let Me Show You
How It is Possible For Anyone Regardless Of
Their Skill Or Experience To Claim their Piece Of
This Multi-Billion Dollar Phenomena"
No Experience Needed,You
Can Do This Even If You Are A Newbie! Super
Secret Affiliate Strategies Employed by
The Home Income Portal Team will Have
you Building Cash Every Single Day, with
your Home Income Portal.
(* you pay a small
monthly hosting fee)
We
Do This For You
Traffic
is Flowing through to all
Home Income Portals from
Guaranteed Traffic
Contracted from
No
Products Needed - We'
Build and Install For You 106 Passive Income Websites Stuffed with
Thousands of Products and Services-some you own outright.
You
are Paid Directly by all your Customers
and by Your Affiliate Programs. No
one on the internet is doing this, you earn as much as you like,
there are no limits.
No
Website Needed! (only
The Home Income Portal will do this for you)
- 106 Passive
Income Website are installed with your unique identifier on 106 Domains
to start you earning directly in your Worldwide online Business.
We
took the Home Income Portal and fused it with the best-known
affiliate income programs to give you total control
over all of the affiliate programs that YOU choose,
like clickbank, Amazon, Webdawg,and much,
much, more ...
Building
a reliable, predictable income from the
internet requires
that you not put all your eggs in one basket
so to speak. We have selected the
most dependable and respected affiliate programs and integrated them right into each and
every Portal.
You select the ones you want to use
to build your income and with a few clicks of the mouse
Voila!the products and services
appear right on your Portal-
as simple as that!
Most Newbies started their online
business just like this. They build their income
starting with just one check or
Paypal Payment - and build their business to receive
OVER 120 checks each and every month! That's
like 4 payday every single day of the month! Every
Successful Newbie
LOVE doing business
on the internet!
Banner
Fiesta
is your Full
Time Banner Rotation Service
that delivers over 14 Million
Impressions from our Network
of 300 Million Website Pages to
your Customers.
Your Customers
Pay You Directly 14.00 USD every month
to subscribe for this Service.
Start Promoting TODAY
for Unlimited growth and Unlimited Earnings.!
Free
Set-Up!: Your
Professional Team Will Set
Up your online Business For You Absolutely Free.
Start achieving unlimited income immediately
Crush Your Competition INSTANTLY and
Make A Killing Online.
Not only
does it work for me, it can work for anyone. I mean
that. This will work for absolutely anyone,
because
you are earning your income
from home through The Most
Successful Internet Companies
Today, and they pay you
DIRECTLY.
Yep,
that is right - You are
paid directly, therefore
its all yours - Every one
of the 106 Website earn
you passive income directly.
Therefore, lets get real. Most newbies
- Heck !!, 99% of all New Entrepreneurs online will fail in
the business adventures because of these reasons ...
OK,
Sounds Great......So How Does It Work?
Dominate
Any Niche And Drive
Hordes Of Traffic, With
Wallets In Hand, To
Your Very Own online
Business That Is Ready
To Start Pumping Out
Sales For You Today
The
Home Income Portal
is a fully featured online business that
consists of a totally installed marketing infrastructure that sprawls
Worldwide on 106 Passive Income Building
Websites, each on seperate domains, designed with newbies in mind for ease
of use, but powerful enough that even the
most seasoned webmasters are building their
business with The Home Income Portal !!
Simply
put, pretty much anyone can use
and earn unlimited Income From Home with a Home
Income Portal
The Home
Income Portal ..
Each
Home Income Portal site is custom built
around unique 106 Domain Names.
We install your complete Passive Income
Websites.
No
Webmastering skills or experience needed!
Your Home Income Portal is automatically
updated and maintained by our professional staff.
No
Products Needed! Each Home Income Portal automatically
places the hottest selling products instantly
in each page of your Home Income Portal.
Your
Home Income Portal automatically displays
thousands of ClickBank products with your
ClickBank nickname built right in!. Each
product pays you up to 75% commission.
More Flexibility & Control?
That means that no two
Home
Income Portal
sites will ever be the same, you offer your customers unique content and
products. It is simply the
most powerful and dynamic way to build
your Passive income from Home.
Honestly, if you can't make money with The Home
Income Portal, you are either in the wrong business
or you are dead. Nobody & I mean NOBODY offers you what Home
Income Portal does.
Plug-n-Play' Live online Business
Generating Sales & Income all Year Round in
Real Time
This is your online Business. no hype, Your
customers pay you Directly. This is not an affiliate program,
its your business.
Your Customer Pay You 100%
(percent) of the Full Retail
Subscription Price Directly for all your Products
and Services like Traffic
Magnet and Banner Fiesta.
Immediate Products and Services provided,
No need to develop and build a product or service
by yourself for sale. (see
products and services below)
Traffic Stream Installations.
We continue to Install Each Traffic Streams
directly to your Portals. It is very Time Consuming, since each
is done manually for you.
Advanced Auto Bot Technology
State of the Art Technology automates the entire
process in building and generating sales for you.
Your followers are
on self growth. This means you will have hundreds of thousand
followers coming to all your Portals. This,
will create 2 Events,
Grow your Backlinks Automatically
Direct Traffic To Your
Portals
Your Customers Start Buying From You.
No Hidden Costs, Simply a Hosting
Subscription
All of the above features, to get your Income
Recovery Program started right away with your online
business.
Complete All Year Round online Business Hosting.
You do not need to worry about Hosting Accounts,FTP,
uploading or Bandwidth. We Host your entire online
Business Live, all year round.
Your Team Install and Host your (completely
designed and ready to do business on the internet
) online
Business Website
Your online Franchise Business is Live doing
business on our network of servers
.
Handle all Maintenance and Support entirely
on a Subscription Basis
Nothing on the Internet compares to it,
you get it all with the Home Income Portal Franchise Website. Unlimited
Bandwidth, No Fuss,No Worry Hosting Solutions for your online Business,
products and services, affiliate income and
Multiple Streams of Income.
All your Customers receive Full Customer Support
from a Central Support Department. You invest more
of your time building your online business.
Full Professional Web Design and Update.
A Design Team creates Professional Web Design
and updates it seamlessly for you. No need to create Websites
or anything. Expert Web Designers do it all for you.
Search Engine Sitemaps Created.
You need your online business to get Organic
Traffic from Search Engines across the Internet.
We create the Sitemaps and Submit them to Search
Engines across the Internet for you.
Back Links to all your Portals.
Your team manually build 'back links'
for each
of your Portals to get it visible on the Internet.
Page Rank
Rules, and building back links is the most powerful
way to achieve this.
Integrated Traffic Streams Constructed Directly
to Your Portals. We've ensured that all search engine optimisation
techniques including naming of images, alt and H1 tags
and inner linking has been coded into your Home Income Portals across
the Internet Worldwide.
This will help your sites rank higher in the
search engines.
Live Real Time Update
- One Stop Update. Complete your Owner Profile in the Owners Lounge
and your Retail online Business is instantly updated
Live in Real Time.
Clickbank
Products is at the forefront
in creating daily success
stories for the Home Entrpreneur.
All Products sold,
pay to you the Full Commissions
Directly by clickbank. All
it takes is this - Enter
your clickbank nickname
in your Profile, and clickbank
pays you directly for every
one of their 170,000 electronic
products sold.
The Clickbank Mall is
a fully hosted resource
that sells your 170,000
clickbank products fulltime,
all year round to drive
profits directly to your
home.Companies pay you directly,
We simply install them for you.
And the best part is, you can visually see exactly
how much money you're making simply by logging into your account and
looking at your daily sales!.
I love
clicking on my earnings more than anything in the world and, I check it
all throughout the day! It's really motivating to instantly see the
money you're making.
You don't have to wait and see your pay...
you can see it verified
anytime you want in your personal account. It's a really amazing,
comforting, and uplifting feeling you have to experience for yourself!
Of course, if you subscribe
today you WILL get to experience this!
You
can Stop a Lack of Income
dead on its tracks Right
Now, Right Here.
Here
is a List of Affiliate Income
you can immediately signup
for Free,
This
List is compiled from sources
across the Internet by The
Research Department, and
rigourously tested for stability,
security and dependability
(Never missed an Affiliate
Payment). They will provide
you with a combination of
Passive Residual Income
and Recurring Income, all
in the Comfort of your
Home.
You don't have to wait 2 weeks, a month, or even one
week to get paid - not at all! With the companies that will be paying
you, they pay you when orders roll in! Guess what, you will be having a
LOT of orders rolling in so I hope you're ready!
It gets better, almost 75% of the companies pay you on the very same
day! The other 25% only take 2 - 3 business days to transfer the money
you make directly into your bank account.
The companies are reputable and I've never had a problem with late
payments in the 8 years I have been working online full-time.
It makes this an outstanding opportunity for anyone who needs money right away!
And so you know, the personal account you will set up when you join is very easy to use.
It was specifically designed so that even someone with no computer
experience at all could learn to use it in just a few minutes!
If you know how to check your email and surf the web, then learning how
to navigate around your personal account will be jut as easy.
You will get clear step-by-step instructions, and everything is
straight-forward, with easy to fill out forms, easy to read text, and
big visible buttons.
You could choose how often you want to workYou can achieve financial freedom and never worry about money ever again
You can have all the time you want to spend with your familyYou can take vacations when you want, and for how long you want
You don't have to ever wake up to an alarm clock anymore .You can do this part time or full time, you choose
You can work from home, or anywhere else in the world .You can work in your pajamas if you don't feel like dressing up
You don't have to drive anywhere and waste money on gas for work .You won't have a boss hovering over you anymore and telling you what to do
You don't have to worry about getting fired or laid off .
You won't have to deal with office politics or nasty co-workers
You can give yourself a pay raise anytime you want
I want to work from home or anywhere else I choose.
I want to have a job that will give me all the free time I want.
I want to spend more time with my family.
I want an income that will give my family more than we need.
I want to travel whenever I want.
I want to do something that I enjoy.
I want to be able to make as much money as a doctor.
I want something that will be easy to do.
I want to only work a few hours a day.
I want to be able to make money whether I'm actually working or not, automated income.
I want (and need) to start making money right now.
Text
Ads Income Streams
Click
here for Text ads Income streams installed for your
online business. Companies pay you directly, We
simply install them for you.
Hot Zones on this Portal, and on all 106 Portals is
beamed directly from The Marketing Command Center
Live Content beamed directly
from The Command Center to Hot Zones on your Income Portals.
These Ads are fiercely competing online for Sales. This is the ultimate technology that converts
visitors into customers. All implemented for you behind the scenes
in a seamless and transparent manner.
LIVE
HOT ZONE
Success Story #3: Pauline Robertson
"By the end of July 2007 my skin was so soft,
smooth, and acne free, it felt like winning the lottery!"
"Dear Mike,
Since my
teenage years, I was plagued with severe cystic acne. For almost 14
years I suffered from frequent and severe flare-ups. Like many other
acne sufferers, I assumed that acne was a "teenager's thing" so it
was obviously very frustrating when my acne only worsened with age -
despite my devotion to get rid of this problem,the constant
trips to the dermatologist and thousands of dollars spent on skin
care products.
After reading your "Acne No
More" book, I immediately felt confident and empowered to solve the
problem. Suddenly, there was a clear well structured plan to follow
that seemed so logical and promising as opposed to sitting back and
passively accepting my faith.
Even though Acne No More is not
a quick fix cure by any means, I have seen fantastic results in a
very short time. I started your step-by-step program on mid June
2007. By the end of July 2007 my skin was so soft, smooth, and acne
free, it felt like winning the lottery.I'd warmly recommend
the book to any man and woman afflicted with acne." -- Pauline Robertson, 31(Auckland, New
Zealand)
The above are 'before and after'
pictures of Pauline Robertson , one of my customers
from New Zealand. Pauline had suffered from severe cystic acne
for14 years. These pictures show how quickly and
dramatically your skin can clear by following the holistic
step-by-step system within Acne No More.
Hormonal imbalance is the root cause of acne. Hormonal imbalance
is also responsible for mood swings of epic proportions. When you
add the two together, things can get explosive, to say the least.
There is a debate that rages about whether the emotional upheavals
caused by hormonal imbalance negatively affects acne or whether
the hormonal imbalance that causes acne is responsible for the emotional
upheavals. The debate is a lot like the one that rages about which
came first, the chicken or the egg?
I saw a girl wearing a T-shirt the other day that said, "I
have PMS and a handgun! Any questions?" Nope! That about
sums it up for me!
The situation really is not a laughing matter, however. There
is simply no shortcut between childhood and adulthood and around
the bodily changes that must take place for the latter to occur.
Science is working on the problem, but there is no magic pill, and
I doubt very seriously that there ever will be.
The best that we can do right now is to control the acne and
thus provide some emotional relief. The good news is that acne can
be controlled. The acne-fighting over-the-counter products are very
effective for mild cases of acne. If the acne is more severe, there
are prescription medications that can work wonders. There are soaps,
creams, ointments, facial masks, and moisturizers available, both
over the counter and by prescription, that do help to control acne.
These medications and treatments are available both online and off.
There simply is no shortcut between being a teenager and being
an adult that isn't marked by acne and by emotional turmoil. But
treating acne can help teenagers make the trip unscathed and — even
more importantly — unscarred.
Satellite Portals on 106 Domains Actively
Selling to Customers For You night and Day.
Thousands of Dynamic Article embed pages are
implemented searching the Internet 24/7 For Hungry and "Ready to Buy" Customers
to deliver to your Home Income Portal to Generate Sales
and Income For You.
A Cost of Living Allowance (COLA) is a salary supplement paid to employees to cover differences in the cost of living, particularly as a result of an international assignment.
The amount of COLA should enable an expatriate to be able to purchase the same basket of goods and services in the host location as they could in their home country. The basis for calculating a COLA is the Cost of Living Index (COLI) which indexes the costs of the same basket of goods and services in different geographic locations. COLA is a simple accurate method of measuring fluctuating salary purchasing power and ensuring parity.
Cost of Living Index
Our cost of Living Indexes measure the cost of 230 products and services across 13 different basket groups in 276 cities across the globe. The data is gathered by a team of research analysts who survey comparable items that are available internationally. A minimum of 3 prices for the same brand/size/volume of product is used to determine the average price for each item in each location. The items are priced on a quarterly basis and tend to rise and fall with inflation. The 13 different basket categories are as follows:
•Alcohol & Tobacco: Alcoholic beverages and tobacco products
oAlcohol at Bar
oBeer
oCigarettes
oLocally Produced Spirit
oWhiskey
oWine
•Clothing: Clothing and footwear products
oBusiness Suits
oCasual Clothing
oChildren’s Clothing and footwear
oCoats and hats
oEvening Wear
oShoe Repairs
oUnderwear
•Communication
oHome Telephone Rental and Call Charges
oInternet Connection and service provider fees
oMobile / Cellular Phone Contract and Calls
•Education
oCrèche / Pre School Fees
oHigh School / College Fees
oPrimary School Fees
oTertiary Study Fees
•Furniture & Appliances: Furniture, household equipment and household appliances
oDVD Player
oFridge Freezer
oIron
oKettle, Toaster, Microwave
oLight Bulbs
oTelevision
oVacuum Cleaner
oWashing Machine
•Groceries: Food, non alcoholic beverages and cleaning material
oBaby Consumables
oBaked Goods
oBaking
oCanned Foods
oCheese
oCleaning Products
oDairy
oFresh Fruits
oFresh Vegetables
oFruit Juices
oFrozen
oMeat
oOil & Vinegars
oPet Food
oPre Prepared Meals
oSauces
oSeafood
oSnacks
oSoft Drinks
oSpices & Herbs
•Healthcare: General Healthcare, Medical and Medical Insurance
oGeneral Practitioner Consultation rates
oHospital Private Ward Daily Rate
oNon Prescription Medicine
oPrivate Medical Insurance / Medical Aid Contributions
•Household: Housing, water, electricity, household gas, household fuels, local rates and residential taxes
oHouse / Flat Mortgage
oHouse / Flat Rental
oHousehold Electricity Consumption
oHousehold Gas / Fuel Consumption
oHousehold Water Consumption
oLocal Property Rates / Taxes / Levies
•Miscellaneous: Stationary, Linen and general goods and services
oDomestic Help
oDry Cleaning
oLinen
oOffice Supplies
oNewspapers and Magazines
oPostage Stamps
•Personal Care: Personal Care products and services
oCosmetics
oHaircare
oMoisturiser / Sun Block
oNappies
oPain Relief Tablets
oToilet Paper
oToothpaste
oSoap / Shampoo / Conditioner
•Recreation and Culture
oBooks
oCamera Film
oCinema Ticket
oDVD and CD’s
oSports goods
oTheatre Ticket
•Restaurants, Meals Out and Hotels
oBusiness Dinner
oDinner at Restaurant (non fast food)
oHotel Rates
oTake Away Drinks & Snacks (fast Food)
•Transport: Public Transport, Vehicle Costs, Vehicle Fuel, Vehicle Insurance and Vehicle Maintenance
oHire Purchase / Lease of Vehicle
oPetrol / Diesel
oPublic Transport
oService Maintenance
oTyres
oVehicle Insurance
oVehicle Purchase
Each basket category does not count equally and are weighted in the final calculation based on expatriate spending patterns.
In order to calculate an accurate cost of living index for a specific individual the basket items that are not relevant to the individual should be excluded from the calculation. For example if education and housing is provided by the employer these basket categories would be excluded from the cost of living index calculation. This increases the accuracy of the cost of living index and makes it possible for each individual to have their own customized cost of living index based on their specific arrangements rather than using an overall “generic” index which is likely to contains costs that are not relevant to the individual.
The formula for calculating the specific cost of living index for an international assignment is as follows:
Cost of Living Index = Customized Cost of Living Index for Host City / Customized Cost of Living Index for Home City
When moving to a higher cost of living host city, the index will be greater than 1 (positive). When moving to a lower cost of living host city the index will be less than 1 (negative). Where the index is negative it means that in real terms the cost of living in the host city is lower than the home city. This means that if the negative index where to be applied to the employee’s salary, they would actually be paid proportionately less spendable salary in the host city. It is important to note that the majority of organizations do not apply a negative cost of living index because it makes it difficult to persuade an employee to take up an assignment as they tend to see it as a reduction in salary.
Examples of Cost of Living Index Calculations using our data:
Example 1) An Australian employee moving from Perth to London where healthcare and communication will be provided by the employer
More Expensive in London:
•Alcohol & Tobacco +4.77
•Clothing +21.85
•Education +31.53
•Furniture & Appliances +16.03
•Groceries +16.35
•Household +50.72
•Miscellaneous +137.47
•Personal Care +11.18
•Recreation & Culture 6.82
•Restaurants Meals Out and Hotels +34.99
•Transport +19.80
The overall difference in cost of living moving from Perth and London is +28.06 .
In this case the cost of living index is positive and would be applied as it is.
Example 2) A British employee moving from London to Mumbai where the employer will provide housing and education
More Expensive in Mumbai:
Alcohol & Tobacco 37.53
Clothing 9.58
Communication 44.92
Furniture & Appliances 19.31
Groceries 24.03
Healthcare 31.24
Miscellaneous 72.43
Personal Care 24.94
Recreation & Culture 35.73
Restaurants Meals Out and Hotels 33.11
Transport is 27.99
The overall difference in cost of living moving from London Mumbai is 30.53 .
In this case the cost of living index is negative and would not be applied.
Net Spendable Salary
Differences in cost of living only impact the portion of the salary that is spendable in the host country. Items in the home country such as retirement funding, medical insurance and other home based costs are not impacted by the cost of living in the host country.
To determine the Net Spendable Salary establish what amount / portion of the current salary (in home currency) is spent in maintaining the employee’s current standard of living / lifestyle. What will the expatriate need to spend their salary on in the host country? For example will accommodation be provided or will the employee pay rent, will healthcare be provided etc. Deduct all items that are either provided in kind or are spendable in the home country. Deduct the hypothetical amount of tax, social contributions and any other statutory deductions applicable in the home country from the Spendable Salary. What is left is the Net Spendable Salary.
Cost of Living Allowance (COLA)
The formula for calculating the cost of living allowance using the above inputs is as follows:
(Net Spendable Salary X Cost of Living Index X Hardship Index X Exchange Rate) less (Net Spendable Salary X Exchange Rate) = COLA
Examples of COLA Calculations using our data
Example 1) An Australian employee with a net spendable salary of AUD$100,000 moving from Perth to London where healthcare and communication will be provided by the employer
($100,000.00 X 1.2806 X 1 X 0.4768) less ($100,000.00 X 0.4768) = COLA of £13,379.44 (GBP)
Based on all the above factors a person would require a Cost of Living Allowance of £13,379.44 (GBP), in addition to their current salary of 100,000.00 Australian Dollar (AUD) to compensate for relocating from Perth to London. This Cost of Living Allowance compensates for the overall cost of living difference of +28.06 and the relative difference in hardship of 0 .
Example 2) A British employee with a net spendable salary of £18,000 moving from London to Mumbai where the employer will provide housing and education
Note: Because the Cost of Living Index is negative it is not applied.
(£18,000.00 X 1 X 1.3 X 67.2852) less (£18,000.00 X67.2852) = COLA of 363,340.32 Indian Rupee
Based on all the above factors a person would require a Cost of Living Allowance of 363,340.32 (INR ), in addition to their current salary of £18,000.00 British Pound (GBP ) to compensate for relocating from London to Mumbai. This Cost of Living Allowance compensates for the overall cost of living difference of [ 30.53 ] and the relative difference in hardship of 30 .
COLA Payment
The COLA is paid as a salary supplement (i.e. as an additional allowance) net of tax in the host country. If the COLA is a taxable allowance in the host country it should be grossed up in order that the full amount of calculated COLA is paid net of tax given that the basis of the calculation is Net Spendable Salary. The COLA is often accompanied by other allowances and benefits such as flights home, relocation / settling in allowance, and furnishing allowance.
Exchange Rate Fluctuations
Significant changes in the exchange rate can make a considerable difference in the COLA calculation. In 2008 some of the major global exchange rates changed by as much as 30 40 .
The cost of living index reflects the changes caused by inflation and exchange rates. In the short term there may be disequilibrium between inflation and the exchange rate (the one pushes the other), however over time the cost of living index provides the most accurate view of the cost of living.
It is important to remind expatriates that when the cost of living difference is negative, and the negative value has not been applied, they have higher purchasing power in the host country than they would at home.
Where a negative cost of living index has not been applied (our recommended approach), and a change in the exchange rate indicates an upward adjustment in COLA may be required, it is recommended that the COLA should not be adjusted upward until the cost of living index becomes positive i.e. the cost of living reflects that there is a “real” increase in cost of living between home and host countries. This may mean that their would be no increase in the COLA as a result of exchange rate fluctuations for some considerable time. During this time the employee’s purchasing power decreases. But it is important to remember that until the cost of living difference becomes positive, the individual will still have a higher purchasing power than they do in their home country.
It is advisable to stipulate a currency protection rule, rather than reacting to every fluctuation in the exchange rate. For example the rule may state that COLA will be reviewed if exchange rates or local inflation move by more than +10 during a year. It is important to keep in mind that the prices of goods and services are unlikely to drop in local currency. This would only occur in a period of deflation (negative inflation). Therefore the currency protection rule would normally make provision for upward adjustments in COLA and not downward adjustments during an employee’s assignment. Downward adjustments to an existing COLA due to exchange rate fluctuations without a corresponding drop in the prices of local goods and services puts immense pressure on an employee’s host currency budget commitments and can lead to the employee experiencing financial difficulty.
Using an independent service provider provides an independent, objective basis for determining an employee’s COLA.
We recommend therefore that a COLA is calculated by applying the specific (customized) cost of living index to the net spendable salary at the beginning of the assignment and monitoring exchange rate fluctuations thereafter in addition to the annual salary review.
Author Resource:- Steven Coleman runs http://Xpatulator.com an internet service that provides free cost of living and hardship information for 276 global locations to registered users, as well as a COLA calculator for premium users.
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