FDIC Pay Negotiation

[Anonymous]

Can anyone shed any light on how the pay matrix works at the FDIC? Is there any room to negotiate outside of what values they determine using the pay matrix? I guess what I'm most interested in is how many years the matrix spans for each pay grade. At the SEC I've heard numbers like 16-26 years.

In my particular situation, I am planning to take a demotion from the GS scale to join (high GS grade -> low CG grade).

[Anonymous]

Anonymous wrote:Can anyone shed any light on how the pay matrix works at the FDIC? Is there any room to negotiate outside of what values they determine using the pay matrix? I guess what I'm most interested in is how many years the matrix spans for each pay grade. At the SEC I've heard numbers like 16-26 years.

In my particular situation, I am planning to take a demotion from the GS scale to join (high GS grade -> low CG grade).

Ask hr for the matrix.

[Anonymous]

I took a demotion from 14 to 13 and they gave me $10K more than I had been making. There is some formula, but I have no idea what it is. I do know that my salary ended up higher than most people there at the same grade because there is a pay parity program. People coming in are apparently making more than people who have been there a while.

[Anonymous]

Just take what they offer and don't blow up the long game by being short sighted now. I've seen HR drop a candidate for trying to negotiate. CG blows away GS. So do the benefits.

[Anonymous]

Anonymous wrote:Can anyone shed any light on how the pay matrix works at the FDIC? Is there any room to negotiate outside of what values they determine using the pay matrix? I guess what I'm most interested in is how many years the matrix spans for each pay grade. At the SEC I've heard numbers like 16-26 years.

In my particular situation, I am planning to take a demotion from the GS scale to join (high GS grade -> low CG grade).

I'm not sure what you mean by how many years. Years don't really come into the equation. You can spend your whole career in the same band if you don't compete for a promotion.
I guess yor years of experience prior to joining come into play for where you are initially placed in a band, but that is it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Can anyone shed any light on how the pay matrix works at the FDIC? Is there any room to negotiate outside of what values they determine using the pay matrix? I guess what I'm most interested in is how many years the matrix spans for each pay grade. At the SEC I've heard numbers like 16-26 years.

In my particular situation, I am planning to take a demotion from the GS scale to join (high GS grade -> low CG grade).

I'm not sure what you mean by how many years. Years don't really come into the equation. You can spend your whole career in the same band if you don't compete for a promotion.
I guess yor years of experience prior to joining come into play for where you are initially placed in a band, but that is it.

For attorney roles, the matrix includes years of experience after law school, and then they also look at years of specialized experience in that subject matter.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can anyone shed any light on how the pay matrix works at the FDIC? Is there any room to negotiate outside of what values they determine using the pay matrix? I guess what I'm most interested in is how many years the matrix spans for each pay grade. At the SEC I've heard numbers like 16-26 years.

In my particular situation, I am planning to take a demotion from the GS scale to join (high GS grade -> low CG grade).

I'm not sure what you mean by how many years. Years don't really come into the equation. You can spend your whole career in the same band if you don't compete for a promotion.
I guess yor years of experience prior to joining come into play for where you are initially placed in a band, but that is it.

For attorney roles, the matrix includes years of experience after law school, and then they also look at years of specialized experience in that subject matter.

That was what I said in my second line.

I just don't want OP to think it is like a career ladder in the GS system where you march up steps to the next grade based on years of service. You don't.

[Anonymous]

Definitely make sure they get this right. You won't be happy if you find out later they placed you in an incorrect position in the salary matrix, ask me how I know.

[Anonymous]

Anonymous wrote:Definitely make sure they get this right. You won't be happy if you find out later they placed you in an incorrect position in the salary matrix, ask me how I know.

Are you an attorney?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can anyone shed any light on how the pay matrix works at the FDIC? Is there any room to negotiate outside of what values they determine using the pay matrix? I guess what I'm most interested in is how many years the matrix spans for each pay grade. At the SEC I've heard numbers like 16-26 years.

In my particular situation, I am planning to take a demotion from the GS scale to join (high GS grade -> low CG grade).

I'm not sure what you mean by how many years. Years don't really come into the equation. You can spend your whole career in the same band if you don't compete for a promotion.
I guess yor years of experience prior to joining come into play for where you are initially placed in a band, but that is it.

For attorney roles, the matrix includes years of experience after law school, and then they also look at years of specialized experience in that subject matter.

That was what I said in my second line.

I just don't want OP to think it is like a career ladder in the GS system where you march up steps to the next grade based on years of service. You don't.

To be fair, the annual increases for fdic historically have been better than the step increases on the gs scale

[Anonymous]

Anonymous wrote:

Anonymous wrote:Definitely make sure they get this right. You won't be happy if you find out later they placed you in an incorrect position in the salary matrix, ask me how I know.

Are you an attorney?

Yes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can anyone shed any light on how the pay matrix works at the FDIC? Is there any room to negotiate outside of what values they determine using the pay matrix? I guess what I'm most interested in is how many years the matrix spans for each pay grade. At the SEC I've heard numbers like 16-26 years.

In my particular situation, I am planning to take a demotion from the GS scale to join (high GS grade -> low CG grade).

I'm not sure what you mean by how many years. Years don't really come into the equation. You can spend your whole career in the same band if you don't compete for a promotion.
I guess yor years of experience prior to joining come into play for where you are initially placed in a band, but that is it.

For attorney roles, the matrix includes years of experience after law school, and then they also look at years of specialized experience in that subject matter.

That was what I said in my second line.

I just don't want OP to think it is like a career ladder in the GS system where you march up steps to the next grade based on years of service. You don't.

To be fair, the annual increases for fdic historically have been better than the step increases on the gs scale

NP and just remember that the GS scale also increases based upon the raise authorized by the president or set by congress so it's not just the steps which are, on average over a career, worth 1.5% per year until you cap out. Not sure if FDIC has an agreement that contemplates that raise (X + GS raise or not).

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Definitely make sure they get this right. You won't be happy if you find out later they placed you in an incorrect position in the salary matrix, ask me how I know.

Are you an attorney?

Yes.

How bad did you get screwed?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can anyone shed any light on how the pay matrix works at the FDIC? Is there any room to negotiate outside of what values they determine using the pay matrix? I guess what I'm most interested in is how many years the matrix spans for each pay grade. At the SEC I've heard numbers like 16-26 years.

In my particular situation, I am planning to take a demotion from the GS scale to join (high GS grade -> low CG grade).

I'm not sure what you mean by how many years. Years don't really come into the equation. You can spend your whole career in the same band if you don't compete for a promotion.
I guess yor years of experience prior to joining come into play for where you are initially placed in a band, but that is it.

For attorney roles, the matrix includes years of experience after law school, and then they also look at years of specialized experience in that subject matter.

That was what I said in my second line.

I just don't want OP to think it is like a career ladder in the GS system where you march up steps to the next grade based on years of service. You don't.

To be fair, the annual increases for fdic historically have been better than the step increases on the gs scale

NP and just remember that the GS scale also increases based upon the raise authorized by the president or set by congress so it's not just the steps which are, on average over a career, worth 1.5% per year until you cap out. Not sure if FDIC has an agreement that contemplates that raise (X + GS raise or not).

I would hope that the union knows this info

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can anyone shed any light on how the pay matrix works at the FDIC? Is there any room to negotiate outside of what values they determine using the pay matrix? I guess what I'm most interested in is how many years the matrix spans for each pay grade. At the SEC I've heard numbers like 16-26 years.

In my particular situation, I am planning to take a demotion from the GS scale to join (high GS grade -> low CG grade).

I'm not sure what you mean by how many years. Years don't really come into the equation. You can spend your whole career in the same band if you don't compete for a promotion.
I guess yor years of experience prior to joining come into play for where you are initially placed in a band, but that is it.

For attorney roles, the matrix includes years of experience after law school, and then they also look at years of specialized experience in that subject matter.

That was what I said in my second line.

I just don't want OP to think it is like a career ladder in the GS system where you march up steps to the next grade based on years of service. You don't.

To be fair, the annual increases for fdic historically have been better than the step increases on the gs scale

NP and just remember that the GS scale also increases based upon the raise authorized by the president or set by congress so it's not just the steps which are, on average over a career, worth 1.5% per year until you cap out. Not sure if FDIC has an agreement that contemplates that raise (X + GS raise or not).

I would hope that the union knows this info

PP here and I'm sure it does, doesn't mean they have the leverage to negotiate a better deal. But I don't know anything about the FDIC CBA so it may already contemplate this.