Federal Reserve RTO

[Anonymous]

WTF? Forcing people back in for 4-5 days per period to boost their own egos without any rationale. "Many employees and managers will need to go in more often for business needs." What does that even mean? Don't think our peers at CFPB and SEC are doing this. Maybe that's because they have unions and FRB doesn't. Perhaps something to think about. Better polish up the resumes.

[Anonymous]

Can you explain more, for us non-FRB folks?

[Anonymous]

Anonymous wrote:WTF? Forcing people back in for 4-5 days per period to boost their own egos without any rationale. "Many employees and managers will need to go in more often for business needs." What does that even mean? Don't think our peers at CFPB and SEC are doing this. Maybe that's because they have unions and FRB doesn't. Perhaps something to think about. Better polish up the resumes.

Do you not consider the fdic your peer?

[Anonymous]

Anonymous wrote:

Anonymous wrote:WTF? Forcing people back in for 4-5 days per period to boost their own egos without any rationale. "Many employees and managers will need to go in more often for business needs." What does that even mean? Don't think our peers at CFPB and SEC are doing this. Maybe that's because they have unions and FRB doesn't. Perhaps something to think about. Better polish up the resumes.

Do you not consider the fdic your peer?

I am at FDIC and doubt that OP was trying to provide an exhaustive list.

Btw, FDIC folks can do as little as one day per PP in office.

[Anonymous]

With attrition the last year it’s shocking they would do this. Most groups are struggling to even hire qualified candidates. People have been leaving left and right.

[Anonymous]

A certain HR employee at the FRB is destroying the organization. I don’t know why others are going along with this. The email yesterday was icing on the cake.

[Anonymous]

Too many dinosaur boomers in charge.

Hopefully one returns to Treasury soon

[Anonymous]

Anonymous wrote:Too many dinosaur boomers in charge.

Hopefully one returns to Treasury soon

Problem is by the time they retire we won’t have any staff left.

RTO isn’t the only issue. Problem is when a senior or mid-level person leaves the position has to be filled with a junior worker. Except junior employees don’t have the experience or skills to perform the job and there isn’t anyone to train them.

Another problem? Managers can’t promote staff and only one person per group can’t receive the highest performance review rating a year.

Place is a disaster. Can’t even imagine how many more people will leave.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:WTF? Forcing people back in for 4-5 days per period to boost their own egos without any rationale. "Many employees and managers will need to go in more often for business needs." What does that even mean? Don't think our peers at CFPB and SEC are doing this. Maybe that's because they have unions and FRB doesn't. Perhaps something to think about. Better polish up the resumes.

Do you not consider the fdic your peer?

I am at FDIC and doubt that OP was trying to provide an exhaustive list.

Btw, FDIC folks can do as little as one day per PP in office.

Same policy at the OCC. Gotta love the unions. The worst thing about the Fed Board is that there is no union and you are at the whims of toxic management.

#UnionStrong

[Anonymous]

Anonymous wrote:A certain HR employee at the FRB is destroying the organization. I don’t know why others are going along with this. The email yesterday was icing on the cake.

Is this official within a specific subject division (eg, monetary or sup) or in the Management division? I’m guessing this is coming from the top.

That said, the Fed Board expanded greatly in the post-Dodd Frank years. The org could probably use some natural attrition and reduce head count. But yes, a lot of experienced hands have left the organization in the past year and been replaced with more junior & external candidates who have little practical experience (eg you can’t necessarily do a policy or analytics job coming from the banking or shadow finance sectors).

[Anonymous]

Anonymous wrote:

Anonymous wrote:A certain HR employee at the FRB is destroying the organization. I don’t know why others are going along with this. The email yesterday was icing on the cake.

Is this official within a specific subject division (eg, monetary or sup) or in the Management division? I’m guessing this is coming from the top.

That said, the Fed Board expanded greatly in the post-Dodd Frank years. The org could probably use some natural attrition and reduce head count. But yes, a lot of experienced hands have left the organization in the past year and been replaced with more junior & external candidates who have little practical experience (eg you can’t necessarily do a policy or analytics job coming from the banking or shadow finance sectors).

But responsibilities haven’t decreased. It’s not natural attrition. In some divisions it’s 25%.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:WTF? Forcing people back in for 4-5 days per period to boost their own egos without any rationale. "Many employees and managers will need to go in more often for business needs." What does that even mean? Don't think our peers at CFPB and SEC are doing this. Maybe that's because they have unions and FRB doesn't. Perhaps something to think about. Better polish up the resumes.

Do you not consider the fdic your peer?

I am at FDIC and doubt that OP was trying to provide an exhaustive list.

Btw, FDIC folks can do as little as one day per PP in office.

I know, i was kidding.

[Anonymous]

Anonymous wrote:With attrition the last year it’s shocking they would do this. Most groups are struggling to even hire qualified candidates. People have been leaving left and right.

At the FDIC, more than 40% of the employees will be retirement eligible in the next five years. Its going to be wild

[Anonymous]

Is anyone concerned about the organization? So many people have left and continue to leave. Everyone I know has a foot out the door.

[Anonymous]

Anonymous wrote:Is anyone concerned about the organization? So many people have left and continue to leave. Everyone I know has a foot out the door.

What job families?