United States Government Printing Office printer prt distributor dst United States Government Accountability Office National Security and International Affairs Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1995-07-17 monographic deposited born digital 60 p. GA 1.13:NSIAD-95-177BR http://www.gpo.gov/fdsys/pkg/GAOREPORTS-NSIAD-95-177BR P0b002ee1803a340e f:ns95177b DGPO 2010-08-12 2011-03-24 GAOREPORTS-NSIAD-95-177BR machine generated eng fdlp REPORT GAOREPORTS-NSIAD-95-177BR NSIAD-95-177BR Compensation Personnel recruiting Financial institutions International organizations Comparative analysis Non-government enterprises Employee benefit plans Personnel management International Monetary Fund Germany France United Nations Briefing Report NSIAD Pursuant to a legislative requirement, GAO reviewed the salaries and benefits of World Bank and International Monetary Fund employees, focusing on the: (1) system used to determine Bank and Fund pay and benefit levels; (2) salaries and benefits of employees in comparable positions in the public and private sector in member countries and the international sector; and (3) role of compensation in staff recruitment and retention.<p/>GAO found that: (1) the World Bank and the International Monetary Fund rely heavily on prevailing practices in large private companies to determine employee compensation levels; (2) this system generates relatively high rates of pay and benefits commensurate with average levels in the surveyed markets, in order for the Bank and Fund to compete for the best employees from all member countries; (3) the average net salary among Bank and Fund professionals, excluding the highest level management, is about $86,000; (4) Bank and Fund pay rates are designed to be about equal to the compensation level for comparable positions in the U.S. market and are higher than the European compensation levels; and (5) the main problems in recruiting and retaining Bank and Fund staff are associated with recruiting certain highly paid professions from certain high-salary member countries that are underrepresented in the institutions' workforce. http://www.gpo.gov/fdsys/pkg/GAOREPORTS-NSIAD-95-177BR/html/GAOREPORTS-NSIAD-95-177BR.htm http://www.gpo.gov/fdsys/pkg/GAOREPORTS-NSIAD-95-177BR/pdf/GAOREPORTS-NSIAD-95-177BR.pdf GAO/NSIAD-95-177BR http://www.gpo.gov/fdsys/pkg/GAOREPORTS-NSIAD-95-177BR/content-detail.html Briefing Report GAO/NSIAD-95-177BR; World Bank and IMF: Pay and Benefits Compared with Those of Other Organizations; Compensation Personnel recruiting Financial institutions International organizations Comparative analysis Non-government enterprises Employee benefit plans Personnel management International Monetary Fund Germany France United Nations