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Essay / Research Paper Abstract
This 7 page paper looks at public sector compensation and compares it with private enterprise. Salary is evaluated as well as retirement packages. Recommendations are made. Bibliography lists 3 sources.
Page Count:
7 pages (~225 words per page)
File: RT13_SA314ps.rtf
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Unformatted sample text from the term paper:
though salary had not been very strong. Today, things have changed. Insurance and investment rules have been altered and today, private enterprise use these factors as carrots just as the
public sector once did. Today, the public sector has a hard time enticing and retaining employees. The public sectors ability to both recruit and retain top employee talent in a
difficult job market in addition to the changing dynamic of retirement planning as a whole has fostered new retirement planning opportunities for local government employees (Hill, 2001). Social Security
and pension reform is likely to command serious attention in respect to the next Congress and the largest generation in American history poised to enter the golden years (2001). The
issue of retirement planning is relevant today and as a result, the demand for government retirement benefits that compete with those in the private sector is a growing issue
too (2001). Todays employees have been more mobile than ever before, and many workers have also found career tracks which crossed the path between public service and private sector
employment (Hill, 2001). Those entering public sector employment for the first time may not comprehend just how a change in an employer affects plans for retirement (2001). Even in respect
to long-term government workers, plan enhancements, and employer match programs, reexamining options is important (2001). The landscape of government retirement planning seems to be changing and the foundation of
the change is a transition from traditional benefit plans that are well defined to defined contribution plans which is common in the private sector (2001). Clearly, public programs
are making a transition to those more like the private sector. This has been a trend in recent history in a myriad of things. Privatization is something that many people
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