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When relocating, consider how much a buck can buy

from SHRM

Thinking of moving to the big city to pursue a bigger paycheck? Or perhaps you're dealing with employees who intend to do so? While it's true that employers in major metropolitan areas tend to dole out higher wages, new research shows that increased spending power might not come along on the trip. Wages remain stagnant in many quarters of the labor force, and relocation can be a viable option for those in search of higher salaries. However, job seekers should look beyond base compensation and consider more measures related to cost of living, according to Benjamin Cover, an economist with the U.S. Bureau of Labor Statistics. more

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