Cost of Living Factor

Configure fair, location-aware point-to-currency conversion for global teams.

Steps

1. Navigate to Cost of Living Factor

   Go to Reports and Admin → Finance → Cost of Living Factor.

2. Understand the purpose

   The Cost of Living Index (COLI) ensures reward value is fair and impactful across countries, rather than using direct currency conversion.

   Example: In India, 1 point = ₹1. In the US, 1 point = $0.05. So 250 points = ₹250 in India and ~$12.50 in the US — both meaningful rewards in their respective markets.

3. Note on initial configuration

   The COLI feature is enabled and initially configured by the Empuls team on the backend, tailored to each client’s requirements. Platform admins cannot create COLI values from scratch directly.

4. Update point values

   Once configured, admins can update the point-to-currency value for each country periodically to reflect inflation or economic changes. Adjust the value of 1 point for any country to keep rewards fair and relevant over time.

Contact your Empuls account team to set up the initial COLI configuration for your organisation.