Tag: CPI

Achieving the Prudent Health Plan Audit

Yesterday’s Leadership Daily Advisor explored how organizations are focusing on specific audits and design reviews to better pursue health plan accuracy and cost-effectiveness. Today we take a look at how compliance audits and performance guarantees may soon take center stage as well.


COLA and CPI: What’s the Difference?

By Sharon McKnight, CCP, SPHR, BLR Senior Editor I can remember when a candy bar cost a nickel. Now, it’s a challenge to find one under a dollar. The cost of placating my sweet tooth, however, didn’t just leap from five cents to nearly a hundred pennies all at once. It crept up in itty-bitty […]

How Does CPI Relate to Wage Increases?

The Consumer Price Index (CPI) measures how much average prices are moving by surveying households to find their average spend on specific goods and services during a given time period and then comparing that total cost to previous time periods.

What’s Your Market Position?

Yesterday, we looked at tips from BLR’s Senior Compensation Editor Sharon McKnight, CCP, SPHR, on aging your salary data. Today, McKnight’s insights on figuring out your market position—are you leading, lagging, or lead-lagging?

CPI and Help Wanted Online—More Metrics for Comp Managers

Cost-of-Living Index Each month, the BLS collects data on prices of a “market basket” of food, clothing, shelter, fuel, prescriptions, transportation fares, medical fees, and other goods and services that people buy for day-to-day living. The BLS measures changes in these costs and reports them in the form of the CPI. The CPI, as defined […]

Montana’s 2012 Minimum Wage Hits $7.65

By Jason S. Ritchie The Montana Department of Labor and Industry has completed its annual review of the cost of living and has determined that the minimum wage in Montana will increase to $7.65 effective January 1, 2012. Montana workers earning the minimum wage will see an increase from $7.35 per hour to $7.65 per […]