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London allowance


'London allowance' can also refer to...

 

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A premium payment made by some organizations to their employees who work in London. It is designed to offset the higher cost of living in the area. Some commentators argue that this principle of regional variations in pay should be extended across the UK, resulting in differential wage rates for similar jobs thereby reflecting local variations in the cost of living. [See compensating differential.]

Subjects: Human Resource Management — Education.


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