EBook Primer on Total Compensation in Government
Time for Compensation Reform in Government
The critics of government at times are relentless in arguing that public employees are overpaid relative to their counterparts in the private sector. There has been a long held belief that salary levels of public employees are lower than those paid in the private sector. However, when benefits are included in the total compensation package, the reality is total compensation actually exceeds those paid by a company.
The public sector also faces a major problem of an aging workforce with massive retirements expected in the next decade and substantial loss of talent. This situation is compounded by the problems many public employers have with recruiting and retaining qualified millennials. For these reasons alone, public pay problems have become prominent and calls for major reform.
The Primer on Total Compensation in Government is a must-read for public employers who determined they need to rethink elements of their compensation program. The book highlights issues and alternatives and helps plan for program changes. it also discusses the role of managers in managing employee salaries, as well as the policy models that should be considered.
Find out how to:
- Help a task force evaluate a current pay program and plan program changes.
- Plan total compensation studies.
- Evaluate the alternative models to plan a new wage and salary program.
- Plan annual budgets needed to remain competitive for talent.
- Strategize on how to prepare managers to manage the pay of their employees.
- Complete an assessment of how pay levels compare with market levels.
- Assess the benefits provided to employees relative to those provided by other employers.
- Provide guidance on how to transition successfully to pay for performance.
- Develop a strategy on how to communicate expectations of the compensation program.