FDIC Pay Negotiation

[Anonymous]

Anonymous wrote:

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?

About $10K. It's not the end of the world but it's really irritating when they say they have to set pay by the matrix and then they apply it incorrectly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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?

About $10K. It's not the end of the world but it's really irritating when they say they have to set pay by the matrix and then they apply it incorrectly.

Did hr show you the matrix after you accepted the FO?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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?

About $10K. It's not the end of the world but it's really irritating when they say they have to set pay by the matrix and then they apply it incorrectly.

Did hr show you the matrix after you accepted the FO?

I saw it some time after I was hired and I was not able to get an adjustment. Looking back it was pretty stupid of me not to ask for the matrix which is why I'm encouraging OP to do so.

[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

PP here and I agree. No doubt the compensation at the FDIC is overall better than the GS. All I was trying to say is that it appears that the OP's paradigm about how that compensation works is wrong. It has nothing to do with years of service.

[Anonymous]

OP here, thank you for the responses. I definitely won’t be pushing my luck with negotiating and have already worked out a number for the additional benefits I’d be gaining. I definitely will ask for the matrix, I wasn’t even aware I could do that!

I’m in a ladder position but maxed out the grade so I’m most interested in where within the grade I’d be placed. The reason I mentioned “years” is because I thought maybe if the SEC splits their matrix that way then maybe the FDIC would too.

I’m in a weird position because I’m due for a wage grade increase (WGI) at the beginning of next year and I’m debating whether it is worth pushing back the start date so I can use that as leverage. With the upcoming 4.6% raise it would be nice combo if they could at least match that.

[Anonymous]

^pushing back the start date by months seems like a terrible idea. Budget shenanigans might happen or they might want to fill the position by the end of the fiscal year. Also if you start later you might miss whatever raise the FFIC is getting woth no guarantee of a higher starting salary. Plus are you really going to delay your start date by 4 months? Can't see that going over well.

[Anonymous]

Anonymous wrote:^pushing back the start date by months seems like a terrible idea. Budget shenanigans might happen or they might want to fill the position by the end of the fiscal year. Also if you start later you might miss whatever raise the FFIC is getting woth no guarantee of a higher starting salary. Plus are you really going to delay your start date by 4 months? Can't see that going over well.

Totally valid and a great point. Thanks for making sure I don’t do something stupid!

[Anonymous]

As someone who took a demotion from GS to a financial regulator, it will work out for you in the long run. I make $60,000 more per year at the SEC and I don't have to supervise anyone.

[Anonymous]

Can someone please explain how the pay matrix would work at FDIC for someone going from GS-14 to CG-13?