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DSST Human Resource Management Exam Prep

Category - Free DSST HR Test Prep

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During what kind of economic conditions are cost of living adjustments generally used?

Periods of high inflation
Periods of low inflation
Periods of depression
Periods of stagnation

Explanation

Answer - A - Cost of living adjustments are generally used during periods of high inflation.

Key Takeaway: Using cost of living adjustments during periods of high inflation can help to reduce the overall effects of wage compression. Usually, these kinds of adjustments are more popular in public sector jobs that in the private sector.

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DSST Human Resource Management Exam Prep

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DSST Human Resource Management Exam Prep

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