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 All about COLA (cost of living allowance), Cola - cost of living allowance

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TSvexus
post Apr 22 2006, 10:45 PM, updated 20y ago

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QUOTE
KUALA LUMPUR: It is up to the individual private sector companies to decide whether they will give their workers a RM150 cost of living allowance (Cola) to cushion the effects of the recent fuel price increase.

MTUC president Syed Shahir Syed Mohamud said letters had been sent to all affiliates advising them to discuss the payment of Cola with their respective managements.

"Our affiliate union leaders have been asked to write individually to their employers justifying the payment of Cola," he said yesterday.

 
Syed Shahir: 'Union leaders have been asked to write to their employers justifying the payment of Cola'
"We met the MEF (Malaysian Employers Federation) last week and it has been agreed that unions resolve the matter individually with their own companies."

Last month, Human Resources Minister Datuk Dr Fong Chan Onn met with the MEF and MTUC on the Cola issue.

After the meeting, he said a conciliation task force comprising representatives from the MEF, MTUC and relevant ministries had been set up to receive and evaluate all proposals on how to soften the fuel price rise.

He added that Malaysians would have to adjust to face the reality of the price increase.

MEF president Md Jafar Abdul Carrim said the federation could not instruct its members to pay Cola to their workers.

"Every company has its own criteria for the payment of allowances like Cola," he said.

However, he acknowledged that employees were suffering because of the higher fuel prices.

While fuel prices had increased six times since 2004, Syed Shahir said workers' salaries had not gone up correspondingly. 
source http://thestar.com.my/news/story.asp?file=...1369&sec=nation

anyone of u know what is COLA about?

Did u ask your bosses about it?

This post has been edited by vexus: Apr 22 2006, 11:48 PM
soul_project
post Apr 22 2006, 11:31 PM

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nop .. only known this via ur this thread ..
but even if ask they won't give 1 ma ..
TSvexus
post Apr 22 2006, 11:49 PM

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QUOTE(soul_project @ Apr 22 2006, 11:31 PM)
nop .. only known this via ur this thread ..
but even if ask they won't give 1 ma ..
*
that why we need to combine power to force our employer to do something.
cks2k2
post Apr 23 2006, 12:04 AM

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QUOTE(vexus @ Apr 22 2006, 11:49 PM)
that why we need to combine power to force our employer to do something.
*
And how do you suggest that we do that?

I find it funny when gas prices go up, the man on the street is going to say: "Harga naik, tapi gaji tak naik." and proceeds to blame the government.
Unless you work for the government, the govt is not responsible directly for how much your employer pays you. You got a problem with your pay you talk to your boss.

And unions being the way they are in this country (in-fighting, politics etc)... doh.gif
SUSDavid83
post Apr 23 2006, 11:09 AM

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It's either increase salary or pay COLA. tongue.gif
TSvexus
post Apr 23 2006, 09:25 PM

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The govt should force those private sector a mandatory to provide COLA for their workers.
Minolta
post Apr 23 2006, 09:33 PM

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Cola was meant to help out the poor goverment servants who get lower pay than corresponding private sector employees in big towns. Basically this is a goverment's way to increase their pay without increasing their payscale.

Now even the private sector wants to get COLA. Wish all good luck!
SUSDavid83
post Apr 24 2006, 11:26 AM

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QUOTE(Minolta @ Apr 23 2006, 09:33 PM)
Cola was meant to help out the poor goverment servants who get lower pay than corresponding private sector employees in big towns. Basically this is a goverment's way to increase their pay without increasing their payscale.

Now even the private sector wants to get COLA. Wish all good luck!
*
Well, they doesn't have much choices since the cost of living is always increasing.
TSvexus
post Apr 25 2006, 08:56 AM

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fuhh. My company agree to give COLA to all the staff after my discussion with my boss. hehehe

This post has been edited by vexus: Apr 25 2006, 08:57 AM
providence
post Apr 25 2006, 10:44 AM

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If this COLA scheme doesnt get involved anywhere near our income tax, It will be fine.

If petrol price hike is one of the reason for COLA, why dont encourage their staff to use public transport instead? Sooner or later some companies definitely will come out with 1001 excuses not to give COLA to their staffs.

 

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