Reply to Quantifying Value of Federal Benefits for Private Sector

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How does job security factor into your analysis?  It's obviously great in the federal sector and very bad at a private law firm (in other words, the knock on the door and the hey, got a few minutes, talk and resulting layoff can happen anytime).  This played a big role in my decision--a jump from a 15 to a firm was only worth it for double the pay.[/quote]

I'm not in law, I'm in IT, but i worked a government job for a year and wanted to kill myself due to the system and the people i was surrounded by (entey level so i suppose i wasnt surrounded by the best and brightest). I don't see how job security even matters.

I'm grazing 200k as a sales engineer, plus I have RSUs, which have nicely padded my financial long term security. I'd have to be laid off a loooooooong time before job security would matter.

I'm 32. What does the average 32yr old make in government with 10 years out of undergrad? I can't imagine if you make over 180k with good benefits in the private sector in your early 30s job security for a salary 70% of that makes much sense.[/quote]

Well, the relevant example is law.  A 32 yo at a big g firm could be clearing 350K, easily.  But if he or she is not a partner....[/quote]

[b]Even better. Who cares about job security if said person is making 350k? It's not like the person would suddenly become unemployable. Ehat would a 32yr old government lawyer make anyways? Half that? Less?[/quote]

[/b]32 year old government lawyer- GS 15 Step 2, 136K. Counterparts who don't have the 15 quite yet are at GS14 Step 4-6, so around $125K or so.[/quote]

A 32 year old who does not make partner, however, it in fact unemployable at other firms and therefore will never make that salary again. At that point, they need to move into government or in house, both of which have pretty comparable salaries in DC.  So yeah, if you're a big firm 32 year old lawyer, you get a brief 5 year burst of very high income (say, 3rd through 7th year associate) but after that, you're on your own.  That's why government job security matters.  [/quote]

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