I'm not sure you know what an exit incentive is. |
I work at a finreg and I have never heard of an exit incentive. What is it? |
I work at a FinReg. Some years back, they offered people $25K to leave if I remember correctly. The offer was only good for a short period of time (maybe a month or two). There was also a VERA opportunity around the same time...the rumor was that it was done as a favor to a senior staff member that leadership wanted gone. |
If you had union representation, they wouldn’t dare try to push you out absent criminal conduct. |
Do you think that is true at the SEC for non-probationary employees? |
+1! |
Are you asking about SEC pushing out nonprobationary employees? If so answer is yes. Have seen multiple occurrences. If they need your slot or manager doesn't like you, it is very possible. Union fakes help if management says go. |
Eh, still sounds like a boondoggle. I think anyone with half a brain can pick up most rule makings and operational initiatives. Also GCs usually don’t litigate so who cares if they leave? And a retention bonus to keep someone from skipping out on congressional testimony seems questionable at best! Pretty much nothing fin regs do matters THAT much. Maybe lead counsel on a trial, but I don’t thing legal ethics allow you to literally quit in the middle of a trial! I suppose I can see it MAYBE for a financial-crisis type event, like a bank failure … |
Wouldn't there be a track record of someone working there for 10 years, etc., and then being all of a sudden targeted for performance? Seems like a stretch. |
I don't understand this comment in light of how frequently people on this thread will respond to situations by saying something like "start looking for a new job, they want you gone." It happens all the time... |
Multiple cases I know of. This is how it goes: SEC removes employee (voluntarily-employee threatened and gets a new job and/or resigns, or involuntarily- employee is terminated on false motives (SEC doesn't like this because evidence has to be coordinated and faked in the process). However, SEC still isn't afraid, the only next move by employee, and his or her only recourse after termination, is to sue after NTEU 293 doesn't save them (after management tells NTEU not to). SEC knows unemployed employee cannot afford legal representation for long. Case closed. |
The bolded is not a removal, and there is nothing any union COULD do about that. |
exactly, terminations hidden in resignations. Not unusual in private sector. An evil in the federal govt agency using it against long-standing employees. As certain agencies become more corrupted, it'll become more common and accepted to free up budget or slots for nefarious reasons. it's happening. |