Public Sector Receives Much Better Pay
Public Sector Receives Much Better Pay

A research has analyzed the pay and pensions of the public sector employees apart from their working hours and holidays. It has found that they receive a considerably better deal than the private sector employees.

It was found that people in the private sector, on an average spent 23% more hours working. This translated into an extra 9.2 years of extra work, which includes a later age of retirement and shorter holidays, as well. Also, people working in the private sector were less likely to go on a strike.

It was found that 7 million working days have been lost since 1996 due to the strikes in the public sector. The report also revealed that employees work more in the private sector and the average salary is almost 12% less as compared to the public sector.

Public sector employees also receive very high pension amounts and this further adds an additional 15% to their income.

There are reports that the public sector pension schemes will be facing big cuts and the new Government is expected to soon announce these measures.

The upcoming budget is also expected to lead to severe spending cuts and this is feared by both the public and the private sector.

Experts point that during the last Government, the salaries increased almost three times higher in the public sector, as compared to the private sector.

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