B.C. public servants earn 14% more than private sector: Fraser Institute

Public-sector workers at all tiers of government in B.C. out-earned their private-sector counterparts by an average of 13.6% in 2011, according to a Fraser Institute ...

Public-sector workers at all tiers of government in B.C. out-earned their private-sector counterparts by an average of 13.6% in 2011, according to a Fraser Institute report released this morning.

The report further found that public-sector workers enjoy more generous non-wage benefits, including pensions, early retirement and job security.

The report found that 89.4% of B.C.'s public-sector workers were covered by a registered pension plan in 2011 compared with 19.4% of private-sector workers. It further found that, of workers with pension plans, 95.6% of government workers had defined-benefit pensions versus 49.3% of private-sector workers.

On the early retirement front, the Fraser Institute found that B.C.'s government workers retired, on average, 2.8 years earlier than private-sector workers, between 2007 and 2011.

Finally, the report found that in 2011, only 0.6% of public-sector workers lost their jobs, compared with 4.3% of their private-sector counterparts.

"As the B.C. government struggles with deficits and finding ways to constrain spending, public-sector compensation is one area that should be closely scrutinized," said Jason Clemens, Fraser Institute executive vice-president and co-author of the report, Comparing Public and Private Sector Compensation in British Columbia.

"The fact is government workers in B.C. enjoy a wage premium over their private-sector counterparts."

jwagler@biv.com

@JennyWagler_BIV

comments powered by Disqus

Also Read

More From Human Resources

I want my company to partner up with an outsourcing vendor. What should I know before contracting work outside my own business?

Read Article

City's business development sector needs white-collar workers

Read Article

Human Resources

Flu in the workplace

By Oct. 24, 2014, 1:30 p.m.

How do you get the flu? What are some ways to avoid spreading it?

Read Article

'Stay interviews' can prevent having to do exit interviews

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
×