Top Permanent Fund Corp. employees are some of the best paid public workers in Alaska. But with wages rising and employers competing for skilled labor, even the Permanent Fund is struggling to keep employees. It's a common struggle across state government.
The offices of the Alaska Permanent Fund Corp. are seen Monday, June 6, 2022 in Juneau, Alaska.
Since 2018, an annual transfer from the Permanent Fund to the state treasury has accounted for at least half of the state’s annual revenue. AIDEA is the state’s investment bank, putting public money to work on development projects across Alaska, but in early June, 20 of its 83 positions were vacant.AIDEA is developing the Ambler Road, a 211-mile gravel highway intended to reach mining projects in northwest Alaska. Because of problems hiring staff, AIDEA has outsourced some work it would normally handle in-house.
During the Fourth of July parade in Juneau, a truck carried a banner promising a $10,000 signing bonus for new employees of the Alaska Department of Corrections. Brown said it’s “pretty easy to identify the primary reason why a person is leaving. … Compensation is always No. 1 or No. 2.” “We could respond, we could pre-empt . Presumably, we could offer to pay people more or we could create a growth opportunity for them, open another office or introduce a new brand and put them in charge,” he said.
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