It’s probably 68% of all philanthropic contributions to RAND. The material weakness finding is bad. Both will surely be flagged by DCAA (I use to work there). |
You sound like the WH Press Sec |
There is almost no connection between the pay bands and what people actually make. Very common for people to make below the band for their position of right at the bottom. The pay bands are based on market analysis, and MITRE can’t keep up with the market. |
Huh? This is dead wrong. The pay bands are not based on market analysis. It's literally what people get paid. But you're right about one thing -- Mitre can't keep up with the market. HR won't let you pay below the range or above the range. Additionally, when hiring, HR has 'preferences' where in the pay range the candidate starts. |
Material weakness isn't a big deal. |
DP - MITRE's pay bands are based on market surveys by skill/level. It's been that way for decades. The bands are very wide with lots of pressure to keep salaries near the purported midpoint for the skill/level. Whether the surveys are any good or staff are appropriately leveled - YMMV. |
| They are also used to calculate the different levels of severance payouts after RIFs |
It’s actually a very big deal. It’s the highest level of audit concern. |
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"Few phrases in finance and accounting will make your heart race like the words material weakness. More than just a minor headache, a material weakness can pose significant risk to a company’s reputation and investor confidence, which is why it demands quick action."
https://www.deloitte.com/us/en/services/audit-assurance/blogs/accounting-finance/internal-controls-material-weakness-prevention.html |
It isn’t dead wrong. You’d be surprised how many people make below the band for their job family. HR technically does not allow this, but MITRE HR would score a 900 on the SAT even if they put all of their brains together. They miss or don’t enforce this. If you ever get your hands on salary data you will see a multitude of people below the band for each position. |
You sound like management...which makes me wonder why you're still hanging out on a mommy forum while the whole place is imploding. |
Really? Management sounds like this? If anyone in RAND management has said to you so much as a "you seem unhappy here, maybe you should leave", name names and I'll revise my estimate of them slightly upward. |