Federal workers earning more than finance workers, scientists

Federal workers earning more than finance workers, scientists

Federal workers earning more than finance workers, scientists Wages have been growing faster for federal employees than for those in the private sector according to a new report.

The CD Howe Institute’s Alexandre Laurin and William B.P. Robson say that compensation per federal employee has increased by an average of almost 5 per cent annually for the past decade.

Their report “Premium Compensation: The Ballooning Cost of Federal Government Employees,” reveals that payroll expenses of an average federal employee is now $64 per hour. In the private sector, those in finance or insurance earn an average $46 and those in professional, scientific and technical service jobs earn an average $40.

When non-payroll expenses are factored in then the increases for federal employees can be even higher.

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