A snapshot of total compensation for government workers vs. private sector | Studies show uneven U.S. recovery | Calif. lawmakers OK $10-an-hour minimum-wage bill
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September 17, 2013
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Public Sector Trends
A snapshot of total compensation for government workers vs. private sector
Total compensation for private-sector employees averaged $29.11 per hour in June, while the figure for state and local government employees was $42.09 per hour, the U.S. Labor Department reports. The Plain Dealer (Cleveland) (9/12)
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Studies show uneven U.S. recovery
A Gallup poll shows hunger in the U.S. has not subsided from 2008 levels. The findings suggest the recovery might be disproportionately benefiting upper-income Americans. According to a Pew Research Center study, 54% of respondents say their household has "hardly recovered at all" after the recession. Reuters (9/12)
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Policy Update
Calif. lawmakers OK $10-an-hour minimum-wage bill
California Gov. Jerry Brown is expected to sign a bill passed by legislators that would boost the state minimum wage to $10 an hour by 2016. The current minimum wage is $8 an hour. St. Louis Post-Dispatch/The Associated Press (9/13)
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Most pensions can't be controlled by local government, Moody's says
Local governments have large liabilities for their pensions, but they have little control over investments because most are part of state-run "cost-sharing" systems, Moody's Investors Service said in a report. "In half of the states, many local governments of all types are directly linked to the asset performance of one or two large pension plans," the report said. "Management of this market risk is beyond the control of most local governments in cost-sharing plans, where they typically have little if any influence over investment policy or decisions." Reuters (9/9)
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Career Development
Prepare stories about yourself before interviewing
Employers often ask questions that "begin with something like, 'Tell me about a time when ...' or 'What would you do if ...'" Arnie Fertig writes. Prepare for these moments by thinking before the interview of stories that you could tell to demonstrate qualities such as empathy and self-sufficiency, he writes. U.S. News & World Report/On Careers blog (9/10)
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The strongest networks have layers
Your network should have seven distinct layers, each one containing a certain type of contact, Marcy Twete writes in this book excerpt. You should have a group of friends that you would invite to a social event, professional contacts who you keep in touch with and one true friend who would "help you move a body," she writes. Careerealism.com (9/10)
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SmartQuote
There is no cure for birth and death save to enjoy the interval."
-- George Santayana,
Spanish-American writer and philosopher
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