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Setting Pay Levels For Today’s Worker

Setting Pay Levels For Today’s Worker

By Fox Lawson and Associates LLC

April 29, 2009

Shifting Demographics and Values Challenge Traditional Thinking in Setting Pay Levels Today’s worker wants something entirely different than does the baby boom worker Incentive plans tied to objective measures should be examined.

Reexamining Values In the 1960s and 1970s, public employers were often considered to be employers of choice. Not only could individuals make a decent living, they were doing work that was generally looked upon as public service. Employment was also steady and there was the expectation that an individual could enjoy a long career with one employer.

In the late 1970s and early 1980s, many states began to experience taxpayer resistance to the cost of government and a variety of initiatives, such as Proposition 13 in California, was adopted that began to limit the scope of government including imposition of limitations on revenue growth. At the same time, employment opportunities in the private sector began to expand creating new competitors for public employers in terms of potential employees. Demographics within the United States have also changed dramatically over the past 30 to 40 years. Members of the baby boom generation tended to look for steady employment opportunities with reasonable job security. Today, the focus has shifted to maximizing compensation with less interest in longterm employment. Younger workers also tend to be more supportive of individually based incentives than are older workers.

Poll: How do you feel about crying at work?

Poll: How do you feel about crying at work?