Geographic Differential

What is Geographic Differential?

 

‘Geographic Differential’ refers to the differences in the compensation package for the same job in different locations based on the differences in the cost of living at those locations.

 

It is usually provided as a supplement to the primary salary in order to compensate for the additional cost of living in a place where the cost of living is more.

 

This kind of additional compensation makes the employee feel valued and increases their engagement with the company. As engaged employees are always an asset for the company, it is in the best interest of the company to provide additional geographic differential.

More HR Terms

Big Data

What is Big Data?   ‘Big Data’ is the term used to define large quantities of data that are humongous and complex to the extent

Apprentice

What is Apprentice?   An ‘Apprentice’ is a trainee who is working with skilled labour to learn the job for a limited period and is

Executive Coaching

What is Executive Coaching ? ‘Executive Coaching’ refers to the coaching provided to the senior management of a company. It is much different from the

Contact Us

Contact Us

We use cookies on our website to provide you with the best experience.
Take a look at our ‘privacy policy’