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Introduction to Cost of Living and Cost of Labor in Workforce Planning

Price: $120.00

Course#: WMWEB
Category: Relocation Planning
Field of Study: Specialized Knowledge & Applications
Audience: HR Managers, HR Generalists, Recruiters, Hiring Managers, Relocation Managers
Level of Difficulty: Intermediate
Delivery Method: Group Internet-Based
Prerequisites: None
Advanced Preparation: None
Managing workforce mobility is a critical part of the Human Resources function. This course focuses on the role cost of living plays in planning for workforce relocations. Topics will include an overview of the corporate function, current trends, benchmarking, analysis, and case studies. The underpinnings of cost of living/cost of labor analysis and modeling and how to determine credible, defensible and robust data will be discussed. Contrasts of cost of living to cost of labor will be drawn to highlight the unique role each can play in the planning function. Current economic conditions and trends will be discussed as organizations pass through a unique set of forces at play on the planning and implantation of employee relocations.


Learning Objectives:
  • Identify general principles that define mobility program policies and practices
  • Analyze relocation allowances based on cost of living variations by city, state/province, or region
  • Explain current state of housing markets, trends in relocation real estate practices/policy and impact on workforce mobility
  • Contrast the roles of cost of living and cost of labor in the design and implementation of relocation plans
  • Analyze financial and economic factors impacting shifts in cost of living and cost of labor differentials


Christopher Chasteen, PhD, CCP
Chris is the Research Director for ERI Economic Research Institute. He has over 20 years of experience in research design, data analyses, and statistical programming. Chris spent the last 8 years with ERI researching geographic differentials in pay as the Product Manager for the Geographic Assessor. Other research interests have included international executive compensation and nonprofit organization executive compensation. Knowledgeable in multiple aspects of compensation, Dr. Chasteen is a Certified Compensation Professional with WorldatWork. Chris earned his PhD in Quantitative Psychology from the University of Oklahoma.

Marillyn Tefft, Economist
Marillyn is a Senior Researcher and Product Manager for ERI Economic Research Institute. She has more than 25 years of experience in data analysis, model building, forecasting, and survey design. Her experience includes analyzing and solving technical problems, designing and performing statistical analysis, and conducting research in legal, private, and government environments. Prior to joining ERI, Marillyn served as the Vice President of TKM, Inc., an economic and management consulting firm. Marillyn served on the Economics faculty at Trinity College in Hartford, CT. She is a member of the American Economic Association, the American Statistical Association, and the National Association of Business Economists. Ms. Tefft holds a Bachelor's Degree in Economics and a Master of Science in Economics and Finance from the University of Colorado at Boulder. Marillyn completed all coursework toward a Ph.D. in Economics at George Mason University.

Credit Hours - You must attend for 90 minutes to be eligible:

  • PHR/GPHR/SPHR: This webinar has been approved for 1.5 HR recertification credit hours toward PHR®, SPHR®, and GPHR® recertification through the HR Certification Institute. Please be sure to note the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.

    The use of this seal is not an endorsement by HRCI of the quality of the program. It means that this program has met HRCI's criteria to be pre–approved for recertification credit.

  • CBP/CCP/GRP/WLCP/CECP/CSCP: This webinar qualifies for recertification credit for the Certified Compensation Professional (CCP®), Certified Benefits Professional® (CBP), Global Remuneration Professional (GRP®), Work-Life Certified Professional (WLCP®), Certified Executive Compensation Professional (CECP) and Certified Sales Compensation Professional (CSCP) designations granted by WorldatWork Society of Certified Professionals. Please note that the CECP and CSCP designations require a minimum number of credits from executive and sales compensation-related activities. For more information on recertification, visit the WorldatWork Society recertification webpage at www.worldatworksociety.org/recertification.

  • JCA: 1.5 hours of JCA credit towards your Job and Compensation Analyst credential, earned online at dlc.erieri.com.

  • Attendees Receive

    • Relocation and Cost of Living Software: You will receive a free demo edition of ERI's Relocation Assessor® and Geographic Assessor® software. The Relocation Assessor & COL Survey is a desktop software application that compares cost-of-living levels in over 10,000 areas. The Geographic Assessor & Pay Survey is an easy-to-use desktop data program that contrasts geographic wages/salaries and costs among a single headquarter and multiple branch office locations. Competitive pay for over 9,600 worldwide areas, 8,300 (including suburbs) of them in the US and Canada, is provided.

    • Webinar PowerPoint Presentation: All attendees will receive the PowerPoint slideshow for this webinar and may use it in staff training.
  • In order to view the webinar, you will need:
    • Computer with Internet connection so you can view the presentation. Use this Test Link to make sure you can join the webinar. Run the test well before the webinar is scheduled to begin.
    • Phone to participate in the audio portion of this webinar (ask questions, etc.).

    Supported Operating Systems and Browsers
    • PC:
      Vista, Windows 7, 8, 8.1
      Internet Explorer 9.x or higher (Recommend ActiveX enabled), Firefox 3 or higher (Recommend Java installed), Google Chrome
    • Mac
      OS X 10.6, 10.7, 10.8, 10.9
      Firefox 3 or higher, Safari 3 or higher
      Java Runtime Environment (JRE) 5.0 or higher

Price:  $120.00
No training schedule available!!!

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The ERI Distance Learning Center is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
Copyright © 2016 ERI Economic Research Institute, Inc. All rights reserved.
ERI Economic Research Institute is an Authorized User of selected Statistics Canada data under Agreement Number 6184. ERI’s intellectual property rights include Patent Nos. 6,862,596 and 7,647,322, "System and method for retrieving and displaying data, such as economic data relating to salaries, cost of living and employee benefits." Other Internet-related applications are Patents Pending.

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DLC courses include material on business definitions, salary comparisons, online business dictionary, human resource development, free job descriptions, SPHR, GPHR, PHR recertification credit, CCP, CBP, GRP recertification credit.