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Comparing Public & Private Sector Compensation Presentation to the board by: Dr. David Rasmussen, Dean of the College of Social Sciences & Public Policy,

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Presentation on theme: "Comparing Public & Private Sector Compensation Presentation to the board by: Dr. David Rasmussen, Dean of the College of Social Sciences & Public Policy,"— Presentation transcript:

1 Comparing Public & Private Sector Compensation Presentation to the board by: Dr. David Rasmussen, Dean of the College of Social Sciences & Public Policy, Florida State University, June 7, 2011 1

2 A Gross Comparison of Public and Private Total Compensation State and Local39.60/hr Private27.42/hr Public Salaries+ 35% Benefits+ 69% 2

3 Factors that Cause Wage Differentials Education Skills Experience Benefits (including post-retirement) Security Cost of Living Compensating Variations 3

4 Cost of Living Comparison Cost of Living IndexesTallahasseeAustin Overall87106 Food10391 Housing63121 Utilities9689 Transportation10591 Health9996 Miscellaneous99111 Tallahassee, FL – Austin, TX 100 = National Average Austin is 22% more expensive than Tallahassee 4

5 Does Tallahassee Pay too Much? 5

6 Case 1: Police Job TitleTallahasseeAustinTallahassee: Austin Averages Average NominalReal Chief$127,650$186,014.686.837 Deputy Chief$112,258$153,388.732.893 Deputy Chief$103,917$153,388.677.827 Captain$95,508$133,410.716.873 Lieutenant$91,861$114,930.799.975 Sergeant$78,685$94,706.8311.014 6

7 Case 2: Department Directors Job TitleTallahasseeAustinTallahassee: Austin Averages Average NominalReal Parks & Rec$99,757$167,086.597.728 Planning$101,358$153,254.661.807 Public Works$129,854$170,227.763.931 Solid Waste Ser$90,522$153,754.589.718 Economic Dev$127,088$149,677.8491.036 Aviation$132,309$168,002.788.961 Transit$120,619$158,870.759.926 Fleet Management $104,333$123,011.8481.035 City Manager$170,289$242,008.703.858 7

8 Case 3: Comparisons with Private Sector NominalReal TLH Administrative Specialist III$55,288$63,581 Nat’l Administrative Managers*$73,500$73,50 TLH City Attorney$170,289$195,832 TLH Deputy Assistant Attorney$157,164$110,590 National **$110,590 Management of Companies & Enterprises $145,770 * median; middle 50% earned between $52,240 and $98,980 ** median; middle 50% earned between $74,980 and $163,320 8


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