COLA Definition

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COLA is Cost-Of-Living Adjustment.

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JOB SPECIFICATION is the delineation of the knowledge, skills, and abilities along with the associated education, training, and experience required to successfully perform within a position. The stipulated criteria normally constitutes the minimum recruiting criteria or minimum qualifications for the position

PRODUCER PRICE INDEX (PPI) measures the average change over time in the selling prices received by domestic producers for their output. The prices included in the PPI are from the first commercial transaction for many products and some services.

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