about the book
Designed as a comprehensive overview of public sector compensation, the book addresses strategies for change, with the author warning that failure of the profession to address this issue will ultimately lead to citizens taking matters in their own hands. The author's issues-oriented approach addresses his core message-that the escalation of public sector compensation is impacting the ability of government to meet its core responsibility and the failure of government to address this has serious consequences. Not just a critique, the book presents context, analysis, and suggestions for reform.
Reilly, like many Americans, believes the time is right to rethink how we compensate and manage public employees and that we have lost sight of the public interest. As a university professor, former county chief executive officer (CEO) for Clark County Nevada (Las Vegas Valley) and governance and organizational consultant he has hands on experience working and navigating public sector rules, regulations and policies.
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Reilly’s penetrating study is both practically plainspoken and broadly and deeply informed academically... [It] is an essential study for public policy officials, civic leaders, and professional administrators as well as a choice textbook in today’s most urgent human resoureces challenges."
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Book Reviews
Review by Charles E. Menifield, University of Missouri–Columbia
In 2007, the stock market started a slow decline and reached a floor early in 2009 before it began to reverse itself. This negative cycle had catastrophic effects on housing markets, employment, and every other economic engine that churned capitalism around the world... Read full review at NASPAA.org
The Nevada Review: Rethinking Public Sector Compensation
The current fiscal crises in the United States and Europe have revealed many problem areas on national balance sheets. Failing bond markets, economic bubbles, lack of consumer confidence, and other topics have dominated the news since the global downturn began in earnest in 2008... Read more from The Nevada Review
Thom in the Media
The Federal Government’s Pension Cost Overload
California Pension Legislation
Pension deal reflects Democratic, union ties
SACRAMENTO -- Union leaders grumbled this week when Gov. Jerry Brown released a compromise deal with Democrats to scale back pension benefits for the state's public employees, but it was far less than a resounding victory for the Democratic governor... Read more from KGO-TV SAN FRANCISCO
Interview on Wall Street Journal Radio
Huge government pension gap sparks backlash
NEW YORK (CNNMoney) - Pensions and other retirement benefits have become a multi-trillion-dollar black hole for state and local government budgets, sparking fierce battles between elected officials and voters on one side and public sector unions on the other... Read more from CNN MONEY
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Thom Reilly is President and CEO of The Reilly Group (