rate, CFC reviewed current information on Economist and similar profession compensation from Payscale.com. Table 1 - Payscale.com Reported Pay by Degree For comparisons, CFC looked at the differential Mid-Career Pay, reported by Payscale.com, per the above table, for holders of the degrees similar to those of Roberts, Messer’s Sugar, and Marcus. Mr. Marcus has an M.A. in Economics, Mr. Sugar has an M.A. in Public Policy Analysis, and so their degrees are directly identifiable in the table. For Mr. Roberts, the table does not have a directly identifiable degree equivalent to of Science in Business UBC’s Master Administration. Therefore, CFC used both MBA-Marketing & Management and MBA-Operations & Supply Chain Management as comparables. Therefore, on a training-basis only, the indicated rate for Mr. Roberts is 1.048 $290. • $275 = Additionally, Mr. Roberts is a Commercial Pilot. As such, he has a level of formal training in electronics that exceeds what would be typical of most regulatory economists, and directly pertinent to competently understanding and addressing issues with respect to electricity distribution. Finally, CFC notes the California State Auditor’s Report (Report 2012-118) recommendation that the Commission update its hourly rates via a new market rate study—the last one having been done in 2005—for compliance with state law. If the Commission has in fact undertaken the recommended update, CFC requests that the rate approved for Mr. Roberts reflect the new rate indications based on the updated market study. III. Weighting Of course, the eventual hourly rate is a combination of the indicated Experience and Training rates. CFC inquired with the Commission regarding whether an algorithm for weighting the contributory factors was available. Absent such a mechanism, CFC examined two possible weighting scenarios.
rate, CFC reviewed current information on Economist and similar profession compensation from Payscale.com. Table 1 - Payscale.com Reported Pay by Degree For comparisons, CFC looked at the differential Mid-Career Pay, reported by Payscale.com, per the above table, for holders of the degrees similar to those of Messer’s Roberts, Sugar, and Marcus. Mr. Marcus has an M.A. in Economics, Mr. Sugar has an M.A. in Public Policy Analysis, and so their degrees are directly identifiable in the table. For Mr. Roberts, the table does not have a directly identifiable degree equivalent to UBC’s Master of Science in Business Administration. Therefore, CFC used both MBA-Marketing & Management and MBA-Operations & Supply Chain Management as comparables. Therefore, on a training-basis only, the indicated rate for Mr. Roberts is 1.048 • $275 = $290. Additionally, Mr. Roberts is a Commercial Pilot. As such, he has a level of formal training in electronics that exceeds what would be typical of most regulatory economists, and directly pertinent to competently understanding and addressing issues with respect to electricity distribution. Finally, CFC notes the California State Auditor’s Report (Report 2012-118) recommendation that the Commission update its hourly rates via a new market rate study—the last one having been done in 2005—for compliance with state law. If the Commission has in fact undertaken the recommended update, CFC requests that the rate approved for Mr. Roberts reflect the new rate indications based on the updated market study. III. Weighting Of course, the eventual hourly rate is a combination of the indicated Experience and Training rates. CFC inquired with the Commission regarding whether an algorithm for weighting the contributory factors was available. Absent such a mechanism, CFC examined two possible weighting scenarios.