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Average pay $30,000 over private sector
On Dec 12, 1:51*pm, Jack wrote:
On Dec 12, 11:18*am, thunder wrote: On Sat, 12 Dec 2009 07:07:44 -0800, Jack wrote: On Dec 11, 8:40*pm, thunder wrote: On Fri, 11 Dec 2009 14:33:51 -0800, Jack wrote: Seems that parity has been more than acheived, huh? Uh, actually no, the Federal workforce still needs to catch up. *If you want to check parity, you have to compare similar jobs, and qualifications, not just average the whole workforce. Uh. no. www.cato.org/pubs/tbb/tbb-0605-35.pdf "Despite the escalation of federal compensation, some government studies have found that federal workers are underpaid, and that they suffer from a pay gap compared to private- sector workers.2 By contrast, some academic studies have found that federal workers are overpaid.3 Comparison studies that find a pay gap sometimes compare federal workers to those in large businesses. But many U.S. workers are employed by small businesses, which tend to have lower compensation levels. More important, comparison studies typically look just at wages and dont consider the superior benefits paid by the government. Federal workers receive health benefits, retirement health benefits, a pension plan with inflation protection, and a retirement savings plan with a very generous match. (By contrast, 40 percent of private-sector workers do not have access to an employer retirement plan at all.) Federal workers typically have generous holiday and vacation schedules, flexible work hours, training options, incentive awards, excessive disability benefits, flexible spending accounts, union protections, and a usually more relaxed pace of work than private worker. Perhaps the most important benefit of federal work is the extreme job security. The rate of involuntary separations (layoffs and firings) in the federal workforce is just one-quarter the rate in the private sector.4 Just 1 in 5,000 federal nondefense workers is fired for poor performance each year.5 All these federal advantages in benefits suggest that, in comparable jobs, federal wages should be lower than private-sector wages." "in comparable jobs, federal wages should be lower than private-sector wages." *So, the CATO institute decides what wages *should* be? * It's a conclusion. It's supply and demand. *If you can not find, and keep, qualified applicants, for whatever reason, you have to sweeten the deal. *That was the problem when the FEPCA was passed. *If it's not the problem now, you don't need to increase wages as much. Now *you* get to decide? "By contrast, some academic studies have found that federal workers are overpaid.3 Comparison studies that find a pay gap sometimes compare federal workers to those in large businesses. But many U.S. workers are employed by small businesses, which tend to have lower compensation levels. More important, comparison studies typically look just at wages and dont consider the superior benefits paid by the government." There actually doesn't seem to be a pay gap, and with bennies considered, the federal employees are indeed overpaid. *That is, unless the comparison is done by a *federal* employee. ~snerk~ Slower pace of work, union protection, excessive benefits, high pay. Did you read the entire report? *I especially like the part about federal employees automatically, with no performance requirements, being bumped into higher and higher paying jobs. We're right back to the original post's point, huh?- Hide quoted text - - Show quoted text - Again: There actually doesn't seem to be a pay gap, and with bennies considered, the federal employees are indeed overpaid. That is, unless the comparison is done by a *federal* employee. ~snerk~ Slower pace of work, union protection, excessive benefits, high pay. Did you read the entire report? I especially like the part about federal employees automatically, with no performance requirements, being bumped into higher and higher paying jobs. Crickets from "thunder" on this... |
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