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How to Set Compensation for Government Employees
Author:
Celine Thevenot
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Sébastien Walker
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Series:
IMF How To Notes
Volume/Issue:
Volume 2024: Issue 003
Language:
English
Publication Date:
04 Apr 2024
DOI:
https://doi.org/10.5089/9798400272653.061
ISBN:
9798400272653
ISSN:
2522-7912
Pages:
15
Keywords:
government employment; compensation; performance-related compensation; salaries; allowances and benefits; government employee; government-private sector compensation premium; salary share; share of compensation; pay structure; Wages; Non-wage benefits; Public employment; Bonuses; Global
Legal-disclaimer:
Fiscal Affairs Department (FAD) How to Notes offer practical advice from IMF staff members to policymakers on important fiscal issues. The views expressed in FAD How to Notes are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Government compensation-setting should be informed by the monitoring of trends in recruitment and retention and benchmarking against the private sector. Unduly high compensation is an inefficient use of resources, while insufficient compensation can hinder efforts to recruit, retain, and motivate the workforce needed to deliver adequate public services. Analyzing these factors at a granular level, for example, by occupation or position, can help to identify specific challenges.
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Cover IMF How To Notes
IMF How To Notes
ISSN:
2522-7912
Publisher:
International Monetary Fund