Grand Traverse County Elevates Pension & Labor Talks with Data Insights

Grand Traverse County, MI, faced mounting challenges in managing pension liabilities and labor negotiations—two critical factors for the county’s long-term financial health. The County overcame challenges in managing pension liabilities and labor negotiations by adopting GovInvest’s Data Analytics Platform. These tools delivered real-time data, streamlined financial planning, and empowered effective collective bargaining.

Columbus, OH Streamlines Labor Negotiations and Boosts Efficiency with Labor Costing Software

The City of Columbus, OH, had long relied on manual processes and spreadsheets for their labor negotiations. But, as inflation soared and wage compression became a growing issue, these traditional methods were no longer able to keep up with the city’s needs. Faced with mounting union pressures, tight budgets, and high turnover in budget staff, Columbus needed a more effective way to analyze labor costs and forecast the financial impact of workforce changes.‍

The City of Carson's Strategic Shift to Data-Driven, Real-Time Compensation Decisions

The City of Carson faced significant challenges in managing compensation and labor costs. The use of spreadsheets made it difficult to accurately track and analyze data, often leading to inefficiencies. As the city's workforce grew and compensation structures became more complex, there was an increasing need for a solution that could provide real-time insights and support data-driven decision-making.

Transforming Cook County: GovInvest Analytics Platform Selected for Enhanced Financial Management

By embracing GovInvest's Analytics Platform, Cook County reaffirms its commitment to sound financial stewardship and transparency. This partnership underscores GovInvest's shared dedication to driving positive change and delivering value to agencies nationwide.

City of Columbus Leverages GovInvest for Labor Costing during Negotiations and Beyond

The implementation of GovInvest Labor Costing Software has instilled confidence in cost estimates and increased efficiency in the negotiation process. The City of Columbus stakeholders appreciate the speed at which calculations are done, reducing wait times and allowing for more informed decision-making.

City of Westerville, Ohio Adopts GovInvest for Accurate, Live Compensation Analysis

Previously, the City of Westerville sought a consultant to do a traditional compensation study every few years, which was an expensive static report. The reports were difficult to decipher and did not provide real-time data or updates. In order to keep up with the changing industry standards, the city needed a more accurate and cost-effective way to benchmark compensation.

City of Cincinnati Improves Workforce Analytics with GovInvest Labor Costing Software

Cincinnati, Ohio, is partnering with GovInvest for better workforce analytics. They're ditching manual Excel budgeting for GovInvest's Labor Costing software, aiming to automate analytics, improve long-term cost forecasts, and streamline reporting.

Benicia leverages forecasting software and federal financing tool to pay down and plan for pension liabilities

Benicia, a California city grappling with rising pension contributions, is utilizing forecasting software from GovInvest and a federal financing tool to address its nearly $70 million share of CalPERS' unfunded liability. In response to escalating annual pension costs, the city established a Section 115 Trust and is working with GovInvest to strategically manage its $5.9 million trust funds, employing real-time projections for informed decision-making and long-term fiscal sustainability.

Grand Traverse County, Michigan Borrows $40M to Address Pension Debt

Grand Traverse County, MI, has issued a pension obligation bond (POB) worth $40 million to address legacy pension liabilities resulting from the closure of its defined benefit plan in 2000. The move is part of a strategy to manage rising payments to the closed pension plan, with the POB aimed at stabilizing contribution rates, potentially saving the county around $10 million over the 13-year life of the bond, contingent on meeting investment performance assumptions.

Nye County Leverages GovInvest for Labor Costing, Negotiations and Transparency

Nye County, NV, enhanced financial forecasting with GovInvest Labor Costing software, addressing challenges in labor negotiations. Finance Director Savannah Rucker collaborated with the HR Director to streamline the complex process, resulting in quick and accurate calculations for position-related costs. The software's intuitive features facilitated transparent communication, improved negotiation outcomes, and positioned Nye County as a model for other agencies seeking efficient financial analysis and decision-making tools.