Most people understand the notion that public sector employees have made a choice to exchange some financial compensation for noncash rewards, including superlative benefits. E. James Brennan, a compensation expert with decades of experience in the field, says there are nuances that many of us do not truly understand.
 |
Most people understand the notion that public sector employees have made a choice to exchange some financial compensation for noncash rewards, including superlative benefits. It is accepted, and it is traditional.
On the surface, most of us (especially those of us who specialize in compensation) believe we know the reasons for this arrangement. E. James Brennan, a compensation expert with decades of experience in the field, says there are nuances that many of us do not truly understand. He agreed to speak with us to clarify the situation.
Different pay structures in the public and private sectors often come down to this, he says: the private sector must manage financial factors, like budgets and share price; the public sector must manage something far more difficult— perceptions. What can all of us learn from these differences?
Click here to read more.