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Comparing Public & Private Sector Compensation

Dr. David Rasmussen, Dean of the College of Social Sciences & Public Policy at Florida State University, presents an in-depth analysis of public and private sector compensation during a board meeting on June 7, 2011. The presentation explores the various factors influencing wage differentials, including education, skills, experience, benefits, job security, cost of living, and compensating variations. It uniquely compares the cost of living between Tallahassee and Austin, revealing significant differences and prompting questions about fairness in compensation for roles such as police officers and department directors.

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Comparing Public & Private Sector Compensation

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  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

  2. A Gross Comparison of Public and Private Total Compensation

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

  4. Tallahassee, FL – Austin, TX Cost of Living Comparison 100 = National Average • Austin is 22% more expensive than Tallahassee

  5. Does Tallahassee Pay too Much?

  6. Case 1: Police

  7. Case 2: Department Directors

  8. Case 3: Comparisons with Private Sector

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