Wired Workplace Wired WorkplaceWired Workplace
How information technology is changing the landscape for federal employees.

Bonuses for Federal Tech Workers?

ARCHIVES

With President Obama’s reelection, federal workers are less likely to face steep cuts to their pay and benefits. Still, with the looming fiscal cliff, it’s unlikely that federal employee pay and benefits won't be involved.

In fact, an analysis released last week by the Congressional Budget Office noted several choices lawmakers have in reining in the government’s current trillion-dollar deficit, including reducing the annual across-the-board pay increase for feds or decreasing the government’s contribution to the Federal Employees Health Benefits Program.

Feds are currently under an extension of a two-year freeze to across-the-board pay raises until April at the earliest, provided Congress passes a budget. Fortunately, that pay freeze has not affected other forms of pay for feds, including within-grade increases, promotions, performance awards and bonuses. And that’s a good thing, considering the majority of tech workers in the private sector are expecting to see a bonus by year’s end.

According to this month’s issue of the Dice Report, 37 percent of technology professionals are expecting to see an increase in their bonus this year, while one-third (33 percent) project their bonus will be roughly the same as last year. Eighteen percent said they expect a decrease in their bonus this year, while 12 percent project they will receive no bonus at all, Dice found.

When it comes to receiving a bonus, having experience is key. For example, the key threshold for receiving a bonus is six years of experience, after which 50 percent of tech professionals said they were bonus-eligible.

Unlike the federal government, where bonuses are often determined based on an individual employee’s performance, private sector IT pros seem to be looking beyond that, Dice found. For example, many IT pros surveyed said they expect their company’s performance to influence their compensation. In fact, 16 percent of tech pros expecting a bigger bonus this year believe that switching companies was primarily responsible for the increase.

Reporter Portrait for GovernmentExecutive.com

Brittany Ballenstedt writes Nextgov's Wired Workplace blog, which delves into the issues facing employees who work in the federal information technology sector. Before joining Nextgov, Brittany covered federal pay and benefits issues as a staff correspondent for Government Executive and served as an associate editor for National Journal's Technology Daily. She holds a bachelor's degree in journalism from Mansfield University and originally hails from Pennsylvania. She currently lives near Travis Air Force Base, Calif., where her husband is stationed.

FROM OUR SPONSORS
JOIN THE DISCUSSION
Close [ x ] More from GovExec
 
 

Thank you for subscribing to newsletters from GovExec.com.
We think these reports might interest you:

  • Forecasting Cloud's Future

    Conversations with Federal, State, and Local Technology Leaders on Cloud-Driven Digital Transformation

    Download
  • The Big Data Campaign Trail

    With everyone so focused on security following recent breaches at federal, state and local government and education institutions, there has been little emphasis on the need for better operations. This report breaks down some of the biggest operational challenges in IT management and provides insight into how agencies and leaders can successfully solve some of the biggest lingering government IT issues.

    Download
  • Communicating Innovation in Federal Government

    Federal Government spending on ‘obsolete technology’ continues to increase. Supporting the twin pillars of improved digital service delivery for citizens on the one hand, and the increasingly optimized and flexible working practices for federal employees on the other, are neither easy nor inexpensive tasks. This whitepaper explores how federal agencies can leverage the value of existing agency technology assets while offering IT leaders the ability to implement the kind of employee productivity, citizen service improvements and security demanded by federal oversight.

    Download
  • IT Transformation Trends: Flash Storage as a Strategic IT Asset

    MIT Technology Review: Flash Storage As a Strategic IT Asset For the first time in decades, IT leaders now consider all-flash storage as a strategic IT asset. IT has become a new operating model that enables self-service with high performance, density and resiliency. It also offers the self-service agility of the public cloud combined with the security, performance, and cost-effectiveness of a private cloud. Download this MIT Technology Review paper to learn more about how all-flash storage is transforming the data center.

    Download
  • Ongoing Efforts in Veterans Health Care Modernization

    This report discusses the current state of veterans health care

    Download

When you download a report, your information may be shared with the underwriters of that document.