The Institute for Prosperity and Competitiveness: Private Sector

private sector: The costly gap between public and private compensation has steadily increased over the last decade, and has a significant impact on government spending, with labour accounting for 50 per cent of Ontarios budget, says the Institute for Prosperity and Competitiveness in a study released Monday, according to The Star. While clerical and administrative occupations pay an average of 10 per cent more than those in comparable jobs in the private sector, senior managers are usually paid less than private sector management, says the report by the independent think tank and Higher wages and more generous pensions for Ontario government employees compared to those in the private sector cost taxpayers more than $1 billion a year, a new report shows. However, the group points out that the compensation premium enjoyed by the provinces workforce varies considerably depending on the occupation with those in clerical jobs benefitting more than those in management positions. (www.immigrantscanada.com). As reported in the news.