Fed salary inequities

[Anonymous]

Anonymous wrote:

Anonymous wrote:Supply & demand for financial regulators' services is why they are paid more.

If I left my (bank-adjacent but not finreg job) to go to a bank, I'd increase my salary by about 25%. Every year we lose folks to banks, but many folks stay around out of love for the work we do. If I were offered a 100% increase in my salary, it would be much harder to stay where I am.

Folks at a finreg can make a TON of money if they go from their gov't job to private industry. The only way finreg can keep them around is to pay them something a bit closer to the premium they'd get from the private industry if they left.

This is what it comes down to. If you have a resume that commands a LOT more money in the private sector, they need to pay more to retain people (and frankly, whatever you think of the revolving door, a shot in hell of getting them back or in). Unlike GS agencies they're not necessarily counting on a ton of lifers but they do want the talent. They need to make it sting a little less to take that pay cut/opportunity cost. Other agencies just don’t have those kind of exit opportunities so they're playing on a different field. If State or FBI thought their people (arguably at the top of their game...) could exit and get paid multiples of what they earn in govt they'd pay more too, but that market is so insignificant to not really exist.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Will the GOP finally do away with the financial agencies paying themselves so much more?

Why GS pay scale is capped but not financial agency pay scale? They are NOT that smart or special!

They don’t “cost” taxpayer money. They “make” money by charging fees to the institutions they regulate.

That gets passed onto consumers.

[Anonymous]

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Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Will the GOP finally do away with the financial agencies paying themselves so much more?

Why GS pay scale is capped but not financial agency pay scale? They are NOT that smart or special!

They don’t “cost” taxpayer money. They “make” money by charging fees to the institutions they regulate.

So do many of our agencies! While my agency sends the money we make to Treasury, we're also a net gain.

But I'm not opposed to financial regulators paying more. I'm shocked though that it applies to job series. Why exactly should an SEC records officer, budget officer or HR make more than State Dept records officer?

Apply for a job at one then!

I'm not complaining about my role, salary, or my agency. I'm just pointing out that it shouldn't apply to all job series. That would make the argument stronger that they need to attract the best financial regulators by paying more. Admin roles aren't hard to fill.

They’re hard to fill with quality staff. A lot of the financial regulators end up with higher quality staff on the admin side and there is less employee turnover.

"Higher quality". Please deal with these egos, DOGE.

Huh? That's how a market economy works: you pay more and it lets you hire more qualified people.

Again, why shouldn’t all agencies pay to get more qualified people? Don’t we want the best in our government?

That's been answered - yes they all should, but not all of them can. The ones that can, do.

Its also just deeply insulting to imply that Finreg employees are "higher quality" than GS staff at other agencies. Greedier, for sure, but not higher quality.

All exec branch employees should be on the same payscale.

They are higher quality. The vast majority come from high quality banking jobs, and those demand select education, higher intelligence, and better test scores. You cannot compare the quality of a fresh MIT PhD quant who is doing a research stint at cftc with someone who is pushing papers as a management analyst at some forgotten by G* agency. Same with the VA. My H was a cardiologist there and there was a reason behind his compensation, although he didn't do it for the money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Will the GOP finally do away with the financial agencies paying themselves so much more?

Why GS pay scale is capped but not financial agency pay scale? They are NOT that smart or special!

They don’t “cost” taxpayer money. They “make” money by charging fees to the institutions they regulate.

So do many of our agencies! While my agency sends the money we make to Treasury, we're also a net gain.

But I'm not opposed to financial regulators paying more. I'm shocked though that it applies to job series. Why exactly should an SEC records officer, budget officer or HR make more than State Dept records officer?

Apply for a job at one then!

I'm not complaining about my role, salary, or my agency. I'm just pointing out that it shouldn't apply to all job series. That would make the argument stronger that they need to attract the best financial regulators by paying more. Admin roles aren't hard to fill.

They’re hard to fill with quality staff. A lot of the financial regulators end up with higher quality staff on the admin side and there is less employee turnover.

"Higher quality". Please deal with these egos, DOGE.

Huh? That's how a market economy works: you pay more and it lets you hire more qualified people.

Again, why shouldn’t all agencies pay to get more qualified people? Don’t we want the best in our government?

That's been answered - yes they all should, but not all of them can. The ones that can, do.

Its also just deeply insulting to imply that Finreg employees are "higher quality" than GS staff at other agencies. Greedier, for sure, but not higher quality.

All exec branch employees should be on the same payscale.

They are higher quality. The vast majority come from high quality banking jobs, and those demand select education, higher intelligence, and better test scores. You cannot compare the quality of a fresh MIT PhD quant who is doing a research stint at cftc with someone who is pushing papers as a management analyst at some forgotten by G* agency. Same with the VA. My H was a cardiologist there and there was a reason behind his compensation, although he didn't do it for the money.

Yeah, no. I hope DOGE takes care of this.