SEC VERA round 2 limited edition

[Anonymous]

who is going to take the 2nd vera just announced? i did not see any compensation details but i am assuming it will be more than $50k incentive. also only limited to 17s and 15s and SOs is my read of it.

[Anonymous]

Anonymous wrote:who is going to take the 2nd vera just announced? i did not see any compensation details but i am assuming it will be more than $50k incentive. also only limited to 17s and 15s and SOs is my read of it.

I didn't see that. Was it only sent to those eligible?

[Anonymous]

check your email around 4:35 pm from ken johnson

[Anonymous]

Anonymous wrote:who is going to take the 2nd vera just announced? i did not see any compensation details but i am assuming it will be more than $50k incentive. also only limited to 17s and 15s and SOs is my read of it.

VSIP is only $50K. Also, the offer is limited to only certain managers, not all are eligible. I assume it will be targeted to the ones not managing many people.

[Anonymous]

Anonymous wrote:

Anonymous wrote:who is going to take the 2nd vera just announced? i did not see any compensation details but i am assuming it will be more than $50k incentive. also only limited to 17s and 15s and SOs is my read of it.

VSIP is only $50K. Also, the offer is limited to only certain managers, not all are eligible. I assume it will be targeted to the ones not managing many people.

^this is correct.

[Anonymous]

Will there be a VERA for non-managers?

[Anonymous]

Anonymous wrote:

Anonymous wrote:who is going to take the 2nd vera just announced? i did not see any compensation details but i am assuming it will be more than $50k incentive. also only limited to 17s and 15s and SOs is my read of it.

VSIP is only $50K. Also, the offer is limited to only certain managers, not all are eligible. I assume it will be targeted to the ones not managing many people.

I don’t think it matters how many people are being supervised. They just want to reduce the number of supervisors. So it really can be anyone and they will reorganize/merge branches, groups, etc. to get the right ratios.

I don’t think they can exceed the $50k but perhaps they can sweeten the deal and do a limited fork situation where they go on admin leave for a while before resigning. It won’t be as long as the original fork but they can still do a few months without separate opm approval.

[Anonymous]

Anonymous wrote:

Anonymous wrote:who is going to take the 2nd vera just announced? i did not see any compensation details but i am assuming it will be more than $50k incentive. also only limited to 17s and 15s and SOs is my read of it.

I didn't see that. Was it only sent to those eligible?

I think it was sent to everyone. I’m not eligible and I got it.

[Anonymous]

Enforcement, at least, is fine as is.

All that needs to be done is some reshuffling.

Why target SOs and ADs, who tend to be high-performing and knowledgeable?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:who is going to take the 2nd vera just announced? i did not see any compensation details but i am assuming it will be more than $50k incentive. also only limited to 17s and 15s and SOs is my read of it.

VSIP is only $50K. Also, the offer is limited to only certain managers, not all are eligible. I assume it will be targeted to the ones not managing many people.

I don’t think it matters how many people are being supervised. They just want to reduce the number of supervisors. So it really can be anyone and they will reorganize/merge branches, groups, etc. to get the right ratios.

I don’t think they can exceed the $50k but perhaps they can sweeten the deal and do a limited fork situation where they go on admin leave for a while before resigning. It won’t be as long as the original fork but they can still do a few months without separate opm approval.

I was thinking of one of the branches in my division that has, for example, a 17 supervising two 15s and the 15s dont supervisor anyone. I think groups like that will definitely be targeted. They are also offering voluntary demotions I guess for people that dont want to be managers. If they really want people to exit eb masse they should do one or two TW days for BU members, all the managers would run for the hills.

[Anonymous]

What about 16s? So it’s being offered to 15s just bc they’re “managers” but not to 16s just bc they don’t “manage” anyone?

What about the SOs who have one direct report (a 17)? Are they going to get rid of either the SO or the 17, to get the ratio right?

[Anonymous]

Anonymous wrote:What about 16s? So it’s being offered to 15s just bc they’re “managers” but not to 16s just bc they don’t “manage” anyone?

What about the SOs who have one direct report (a 17)? Are they going to get rid of either the SO or the 17, to get the ratio right?

16s are not managers. They are technical experts (theoretically).

When the dust settles, they will determine whether those types of groups should be collapsed into another or eliminated. The managers (and staff) will get moved around to wherever there is a need for a manager and/or more staff.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What about 16s? So it’s being offered to 15s just bc they’re “managers” but not to 16s just bc they don’t “manage” anyone?

What about the SOs who have one direct report (a 17)? Are they going to get rid of either the SO or the 17, to get the ratio right?

16s are not managers. They are technical experts (theoretically).

When the dust settles, they will determine whether those types of groups should be collapsed into another or eliminated. The managers (and staff) will get moved around to wherever there is a need for a manager and/or more staff.

I’m confused. What “types of groups”?

The “dust” needs to “settle” pretty soon. Not sure what the point is of drawing this process out for months and months and exacerbating uncertainty. It’s not rocket science — execute and move on.

Even opm said to wrap up all the restructuring and cuts by end of Sept. (ie, implement a “positive vision” of normalcy for moving forward).

[Anonymous]

the deal is, for certain folks who do not manage enough people, the option is either take the early retirement deal or drop down one level (from a 17 to a 16 or 15 to a 14). for those that manage enough people there is no demotion but can still take the VERA.

[Anonymous]

Anonymous wrote:the deal is, for certain folks who do not manage enough people, the option is either take the early retirement deal or drop down one level (from a 17 to a 16 or 15 to a 14). for those that manage enough people there is no demotion but can still take the VERA.

My understanding is it will be a targeted offer and not everyone will be eligible (they will tell everyone yes/no). I don't know what criteria they will use other than perhaps whether you manage enough people.