He or she can retire peacefully without bothering future. Passive income ideas to help you make money, Best age for Social Security retirement benefits, 3 terrific jobs you can keep for a lifetime, The 5 bachelor’s degrees that lead to the best- and worst-paying jobs after college, The 4 worst things you can do in front of your boss and co-workers, Privacy policy / California privacy policy. The runner-up job, "Patent Attorney," follows with an average of $170,324, which is a 6.23% decrease. Joe Koenig, 27, has worked in the information technology industry for a decade. You get a lot of free time and you can do other activities. Biggest fear in your life could be insecurity and government jobs make your life socially secure. The workload in a government job is almost negligible. 3.house…. Learn more about the FederalPay Employees Dataset here. You have to look at the trade-off,” Canter says. © 2020 FederalPay.org. Retirement contributions comprised one major difference between the two. Federal employee salaries are public information under open government laws (5 U.S.C. In the private sector i had to work hard to achieve certain targets. A government employee never has to fear about his future. However, it can end up being as high as 88 percent of your pay while you were working,” Koenig says. the grass is always greener on the other side ! Scott Barer, a 50-year-old attorney, once worked for the Los Angeles Unified School District, and is now a private practitioner specializing in labor and employment law. All rights reserved. You can live in government quarters without any tension of paying rent. The best aspects of a government job include: Stability: Unlike the private sector where companies can go out of business, the government never goes out of business. Our experts have been helping you master your money for over four decades. I am going to book mark your website and keep checking for new information about once per week. job is time taking and growth is limited. Farr says he’s making more in his federal capacity than he was in the private sector, but he points out that it’s very expensive to live in the nation’s capital and that federal cost-of-living increases are modest, but fairly consistent. Prices are so high that people from middle class cannot imagine affording mortgage. We are an independent, advertising-supported comparison service. This compensation may impact how, where and in what order products appear. These perks include job security, good health insurance, a retirement plan and steady raises. I am answerable only to Government. Immature,silly speculation I worked in private sector for 8 years and is in Government for the past 1 year. We all know day by day health care for ordinary people is becoming out of their reach, even people from upper middle class is finding it difficult to afford health care for their family. I am happy because i see colourful evening every day enjoying time with family. A 2002 benefits study conducted by the U.S. Chamber of Commerce said at that time, employers paid an average of about $18,000 per person in benefits — and that was the private sector, where benefits are generally not as generous as the government’s. I have a dream to do a Govt job and get daily alerts from Jobads. While the public sector may offer bankable peace of mind, “the private sector offers more freedom and balance. You have to toil day and night. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. “According to the United States Bureau of Economic Analysis, federal employees earn an average annual compensation of $106,871, including pay and benefits, compared to just $53,288 in the private sector,” says Dennis Damp, author of “The Book of U.S. Government Jobs,” citing statistics gathered in late 2005 and early 2006. This table shows the top 100 most well-paid occupations in the federal government in 2018, ranked by average pay. They assess you every week or month whether you are capable enough to continue the work you have been given. You can survive without any skill. Barer says he pulled in a salary that was “not so far from the private sector,” with defined benefits that included sick and vacation leave. Today is my day and i have full authority on this day and plan my work accordingly (Flexibility in work and stress free). Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. When we think of government jobs, we often think of safe but low-paying jobs that will put food on the table, but never put you in a top tax bracket. You get a lot of free time … In a government job whether you work for one hour or 8 hour you will get the same salary. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. But if you work in a government job then government will bear all your medical expenses, not just for you but entire family. govt never sends u on paid trips to singapore or malaysia etc getting a low level post may be some what easy but directly getting a Gazetted post is very Tough, one of the poorest articles i have ever read in this field in a long time…. “The pension is based on years of service and a few other factors. Many government workers complain of the bureaucracy and regulation, finding it stifling. Priyanka Nagrale is a passionate writer living in Mumbai with her husband & 2 daughters. The basic range for a GS-5 (a classification held by 5.3 percent of the federal work force) without locality pay is $29,725 to $38,641. Now i can sleep peacefully as my job is secure and no need to fear anyone. Although this is corruption, however, still people do it and make huge amount of surplus money. As I said earlier in this article, workload in a government is very less. how we make money. Therefore, this compensation may impact how, where and in what order products appear within listing categories. IN GOVERNMENT JOB “HORSE” AND “DONKEY” BOTH ARE SAME AND GETTING SAME BENEFITS. “The benefits at the federal level are much, much better than in the private sector,” says Nick Farr, a federal employee in Washington, D.C. “Every private-sector job I’ve had, even when moving up career and salary-wise, had a less generous benefits package.”, Plus, Damp says, “Each year, regardless of the economic situation, they receive substantial raises averaging approximately 3.5 percent.”. Of course, in many states accountants are paid less. However, Washington, D.C., has a 20.89 percent geographic adjustment, which bumps the GS-10’s salary range to between $52,979 and $68,875 for agencies without separate wage schedules. However, if you work for in a private company then you have to spend from your pocket. Flexibility, responsibilities and creativity also played into their decisions.
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