Federal Pay Scale Changes

Could there be changes to the outdated Federal GS Payscale in the near future?

First, a new Government Accountability Office report argued that “a lack of technical knowledge presents challenges for effectively planning and executing complex IT acquisitions.” The inadequacy of federal IT skills has been reported a number of times.

The second was a new Korn Ferry report, “The Salary Surge”, which argues that a “global shortage of highly skilled workers” will force employers to increase pay for shortage occupations by $2.5 trillion over the next decade.

Government’s situation is made more serious by the huge number—roughly 600,000—of workers eligible or soon to be eligible for retirement (age 55 or older). Their institutional knowledge will be extremely difficult to replace.

Read the full article here:

https://www.govexec.com/excellence/management-matters/2018/09/skills-shortage-and-federal-compensation/151608/?oref=eig-homepage-module