The Purpose of a Cost of Living Adjustment (COLA) Is

question 64

Multiple Choice

The purpose of a cost of living adjustment (COLA) is:

• A) to give employees a 3% pay adjustment each year to adjust for increasing housing costs.
• B) to provide money employees can set aside for their retirement funds.
• C) to offset the increases in the price of goods and services employees purchase to prevent wages from lagging in the market.
• D) to offset stock market declines so employees have money to withdraw when they incur large losses.
• E) to provide a performance reward to those employees that exceed productivity expectations.

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Definitions:

Electronic Communications Privacy Act

The Electronic Communications Privacy Act is a U.S. federal law enacted in 1986 to extend government restrictions on wire taps from telephone calls to include transmissions of electronic data by computer.

Employee Privacy Rights

The rights of employees to have their personal information, activities, and communications remain private and secure from unwarranted scrutiny by employers.

Workplace Monitoring

The practice of overseeing and recording employees' actions and behavior during work hours, using methods such as surveillance cameras, computer monitoring, and phone tapping, for various purposes including security and productivity.

Emails

Emails are digital messages sent electronically via the internet, a primary means of communication in both personal and professional contexts.