working for Uncle Sam…. | February 2, 2012

CBO: Federal Workers Earn 16% More Than Private-Sector Counterparts

Posted By Ryan Holeywell | January 30, 2012

http://www.governing.com/blogs/fedwatch/CBO-Federal-Workers-Earn-16-More.html

Total compensation costs were 36 percent higher in the federal sector for those with a high school diploma or less, and 15 percent higher for those who had a bachelor’s degree. For those with professional degrees or doctorates, compensation was 18 percent lower than it was for similar private-sector workers.

The study didn’t discuss the virtually-guaranteed job security that comes with federal employment. A USA Today analysis of that issue published last year found that in 2010, federal workers enjoyed a 99.43 percent job security rate, and in many agencies, employees were more likely to die of natural causes than get laid off or fired.