In honor of the upcoming Labor Day, and with so many Americans suffering job insecurity in these tough economic times, is it time to ask whether public risk managers are at risk, given the budget crunch facing state, county and city governments as tax revenue falls? That's the question posed today by NU Assistant Managing Editor Caroline McDonald, who has heard some disturbing talk in the market.
When she returned in June from the annual conference of the Public Risk Management Association in Anaheim, she noted that she came away “wondering about the job security of public risk management in this tough economic market,” following chats with attendees and exhibitors.
“They told me that belt-tightening in many jurisdictions has meant that public risk management jobs are being combined or eliminated altogether in some areas of the country,” she reported. “They also said that public risk managers are becoming 'victims of their own success,' because of the success of pooling in many jurisdictions, which they said has led to risk manager layoffs.”
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