RJ and Makay

>> Read More RJ & Makay Blog Posts

Federal workers on average earn about 2% more than private sector workers in a similar position, according to a new Congressional Budget Office (CBO) study.  The CBO study found that federal employees earned 16% more in total compensation (pay and benefits) as compared to workers in private companies.  The study was in stark contrast to progressive policy shops that claim government workers make less money than their counterparts in the private sector.

>> Read More RJ & Makay Blog Posts

The finances of Medicare and Social Security are worsening faster than expected, according to a new government report.  Medicare will lack sufficient funds to pay full benefits in 2024, five years sooner than earlier government projections.  Social Security will run short of the ability to pay full benefits in 2036, a year earlier than expected in the government’s 2010 projection.

Although the economy hasn't improved enough yet for employers to hike pay, they are at least offering employees more perks, suggests a new survey by Robert Half International subsidiary Accountemps.

Upon querying 1,400 chief financial officers (CFOs) from a random sample of U.S. companies with 20 or more employees, Accountemps found respondents are increasingly relying on perks to retain top employees and attract new ones. The perks are mainly things like subsidized training/education, flexible work hours/telecommuting, and mentoring programs. The percentages of CFOs offering these perks in 2011 were 29%, 24%, and 24%, respectively.