Workforce Survey Sees Continuing Trends, Increased Flexible Work Practices
Survey data shows a steady increase in telework among state and local government employees (27 percent), the highest share since 2016 (22 percent). This practice is more common in state agencies (64 percent) than local jurisdictions (19 percent).
The increase may relate to the onset of the COVID-19 pandemic that overlapped with this research. This telework trend, and others, may change dramatically given the ongoing pandemic, social distancing guidelines, and unprecedented pressures on state and local government budgets.
Based on research by SLGE, IPMA-HR and NASPE, the report on State and Local Government Workforce: 2020 Survey includes this data as well as findings on recruitment and retention strategies, difficult to fill positions, gig economy hiring, changes in retirement and health benefits, and other workforce issues. Click here to view the related webinar.
Market Decline Worsens the Outlook for Public Plans
A new report on state and local pension plans indicates that these retirement plans will end fiscal year 2020 with negative annual investment returns, reduced asset values, lower funded ratios and higher actuarial costs. The analysis indicates that on the whole, plans can endure and will maintain sufficient assets to pay benefits. However, some plans with extremely low funded ratios will face an increased risk of exhausting assets and high costs that are associated with pay-go funding.
Financial Wellness Webinars and Grants
SLGE hosted a webinar in April on employee needs and preferences in state and local financial wellness programs. A recording and slides are available here.
Another webinar discussed grants available to assist state and local governments in setting up or expanding such programs. Click here to access a recording.
SLGE in the News
SLGE’s workforce survey data has been covered by Route Fifty Careers in Government, Florida Phoenix, and Yahoo Finance, with the impacts on state and local telework discussed in a podcast on Federal News Network.
SLGE President and CEO Dr. Joshua Franzel was also interviewed by The Big Red Guide regarding firefighter pension issues.