Realignment for SEC

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Part of me wonders if PA sees me start to have the mental breakdown this is causing he’ll realize how wrong and cruel he is. Doubt it.

He would just tell you to quit.

I am sorry, for whatever that’s worth. I know it sucks and I know many people (not all) really are at the point of desperation.

People will keep leaving. I know many considering jobs who thought they would never leave. Even if it y a small percentage of those people leave, it will be significant. I’m putting in my time and not giving a f@*# about any of the work. I need to use what energy I have on me and my family.

I think the PP doesn’t realize that people quitting on work and not caring about the output is even worse that just quitting. At the same time, however, I am convinced that making people miserable is the whole point of this chairman’s actions.

I keep hoping it is not. From what I hear, people are trying to inform him. But I don’t think he has any frame of reference or experience to have any understanding of our lives. And he 100% doesn’t make the connection on morale and productivity. I’m sure he thinks his new compensation plan with pretty much just bonus money will solve that problem. But as well all know, that money will be handed out with no connection to actual performance.

Is the new compensation plan for SOs or everyone?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Part of me wonders if PA sees me start to have the mental breakdown this is causing he’ll realize how wrong and cruel he is. Doubt it.

He would just tell you to quit.

I am sorry, for whatever that’s worth. I know it sucks and I know many people (not all) really are at the point of desperation.

People will keep leaving. I know many considering jobs who thought they would never leave. Even if it y a small percentage of those people leave, it will be significant. I’m putting in my time and not giving a f@*# about any of the work. I need to use what energy I have on me and my family.

I think the PP doesn’t realize that people quitting on work and not caring about the output is even worse that just quitting. At the same time, however, I am convinced that making people miserable is the whole point of this chairman’s actions.

I keep hoping it is not. From what I hear, people are trying to inform him. But I don’t think he has any frame of reference or experience to have any understanding of our lives. And he 100% doesn’t make the connection on morale and productivity. I’m sure he thinks his new compensation plan with pretty much just bonus money will solve that problem. But as well all know, that money will be handed out with no connection to actual performance.

Is the new compensation plan for SOs or everyone?

Everyone. I think they have to announce it soon. Don’t know details.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Part of me wonders if PA sees me start to have the mental breakdown this is causing he’ll realize how wrong and cruel he is. Doubt it.

He would just tell you to quit.

I am sorry, for whatever that’s worth. I know it sucks and I know many people (not all) really are at the point of desperation.

People will keep leaving. I know many considering jobs who thought they would never leave. Even if it y a small percentage of those people leave, it will be significant. I’m putting in my time and not giving a f@*# about any of the work. I need to use what energy I have on me and my family.

I think the PP doesn’t realize that people quitting on work and not caring about the output is even worse that just quitting. At the same time, however, I am convinced that making people miserable is the whole point of this chairman’s actions.

I keep hoping it is not. From what I hear, people are trying to inform him. But I don’t think he has any frame of reference or experience to have any understanding of our lives. And he 100% doesn’t make the connection on morale and productivity. I’m sure he thinks his new compensation plan with pretty much just bonus money will solve that problem. But as well all know, that money will be handed out with no connection to actual performance.

Is the new compensation plan for SOs or everyone?

Everyone. I think they have to announce it soon. Don’t know details.

My understanding is the new rating system would not affect comp this cycle.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Part of me wonders if PA sees me start to have the mental breakdown this is causing he’ll realize how wrong and cruel he is. Doubt it.

He would just tell you to quit.

I am sorry, for whatever that’s worth. I know it sucks and I know many people (not all) really are at the point of desperation.

People will keep leaving. I know many considering jobs who thought they would never leave. Even if it y a small percentage of those people leave, it will be significant. I’m putting in my time and not giving a f@*# about any of the work. I need to use what energy I have on me and my family.

I think the PP doesn’t realize that people quitting on work and not caring about the output is even worse that just quitting. At the same time, however, I am convinced that making people miserable is the whole point of this chairman’s actions.

I keep hoping it is not. From what I hear, people are trying to inform him. But I don’t think he has any frame of reference or experience to have any understanding of our lives. And he 100% doesn’t make the connection on morale and productivity. I’m sure he thinks his new compensation plan with pretty much just bonus money will solve that problem. But as well all know, that money will be handed out with no connection to actual performance.

Is the new compensation plan for SOs or everyone?

Everyone. I think they have to announce it soon. Don’t know details.

My understanding is the new rating system would not affect comp this cycle.

Is the idea that raises would be based on ratings or that there wouldn’t be raises only bonuses based on ratings? The latter is a dick move because it impacts people’s retirement.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Part of me wonders if PA sees me start to have the mental breakdown this is causing he’ll realize how wrong and cruel he is. Doubt it.

He would just tell you to quit.

I am sorry, for whatever that’s worth. I know it sucks and I know many people (not all) really are at the point of desperation.

People will keep leaving. I know many considering jobs who thought they would never leave. Even if it y a small percentage of those people leave, it will be significant. I’m putting in my time and not giving a f@*# about any of the work. I need to use what energy I have on me and my family.

I think the PP doesn’t realize that people quitting on work and not caring about the output is even worse that just quitting. At the same time, however, I am convinced that making people miserable is the whole point of this chairman’s actions.

I keep hoping it is not. From what I hear, people are trying to inform him. But I don’t think he has any frame of reference or experience to have any understanding of our lives. And he 100% doesn’t make the connection on morale and productivity. I’m sure he thinks his new compensation plan with pretty much just bonus money will solve that problem. But as well all know, that money will be handed out with no connection to actual performance.

Is the new compensation plan for SOs or everyone?

Everyone. I think they have to announce it soon. Don’t know details.

My understanding is the new rating system would not affect comp this cycle.

Is the idea that raises would be based on ratings or that there wouldn’t be raises only bonuses based on ratings? The latter is a dick move because it impacts people’s retirement.

This year there was a two tier system. That means that everyone should be treated the same, unless managers are given the option to “reward” their friends. Next year will be different.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Part of me wonders if PA sees me start to have the mental breakdown this is causing he’ll realize how wrong and cruel he is. Doubt it.

He would just tell you to quit.

I am sorry, for whatever that’s worth. I know it sucks and I know many people (not all) really are at the point of desperation.

People will keep leaving. I know many considering jobs who thought they would never leave. Even if it y a small percentage of those people leave, it will be significant. I’m putting in my time and not giving a f@*# about any of the work. I need to use what energy I have on me and my family.

I think the PP doesn’t realize that people quitting on work and not caring about the output is even worse that just quitting. At the same time, however, I am convinced that making people miserable is the whole point of this chairman’s actions.

I keep hoping it is not. From what I hear, people are trying to inform him. But I don’t think he has any frame of reference or experience to have any understanding of our lives. And he 100% doesn’t make the connection on morale and productivity. I’m sure he thinks his new compensation plan with pretty much just bonus money will solve that problem. But as well all know, that money will be handed out with no connection to actual performance.

Is the new compensation plan for SOs or everyone?

Everyone. I think they have to announce it soon. Don’t know details.

My understanding is the new rating system would not affect comp this cycle.

Is the idea that raises would be based on ratings or that there wouldn’t be raises only bonuses based on ratings? The latter is a dick move because it impacts people’s retirement.

This year there was a two tier system. That means that everyone should be treated the same, unless managers are given the option to “reward” their friends. Next year will be different.

Right, but for raises or bonuses? If our base pay stays the same and it’s just bonuses, that’s a huge effective pay cut.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Part of me wonders if PA sees me start to have the mental breakdown this is causing he’ll realize how wrong and cruel he is. Doubt it.

He would just tell you to quit.

I am sorry, for whatever that’s worth. I know it sucks and I know many people (not all) really are at the point of desperation.

People will keep leaving. I know many considering jobs who thought they would never leave. Even if it y a small percentage of those people leave, it will be significant. I’m putting in my time and not giving a f@*# about any of the work. I need to use what energy I have on me and my family.

I think the PP doesn’t realize that people quitting on work and not caring about the output is even worse that just quitting. At the same time, however, I am convinced that making people miserable is the whole point of this chairman’s actions.

I keep hoping it is not. From what I hear, people are trying to inform him. But I don’t think he has any frame of reference or experience to have any understanding of our lives. And he 100% doesn’t make the connection on morale and productivity. I’m sure he thinks his new compensation plan with pretty much just bonus money will solve that problem. But as well all know, that money will be handed out with no connection to actual performance.

Is the new compensation plan for SOs or everyone?

Everyone. I think they have to announce it soon. Don’t know details.

My understanding is the new rating system would not affect comp this cycle.

Is the idea that raises would be based on ratings or that there wouldn’t be raises only bonuses based on ratings? The latter is a dick move because it impacts people’s retirement.

This year there was a two tier system. That means that everyone should be treated the same, unless managers are given the option to “reward” their friends. Next year will be different.

Right, but for raises or bonuses? If our base pay stays the same and it’s just bonuses, that’s a huge effective pay cut.

For both: raises and bonuses. The base pay is likely to change.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Part of me wonders if PA sees me start to have the mental breakdown this is causing he’ll realize how wrong and cruel he is. Doubt it.

He would just tell you to quit.

I am sorry, for whatever that’s worth. I know it sucks and I know many people (not all) really are at the point of desperation.

People will keep leaving. I know many considering jobs who thought they would never leave. Even if it y a small percentage of those people leave, it will be significant. I’m putting in my time and not giving a f@*# about any of the work. I need to use what energy I have on me and my family.

I think the PP doesn’t realize that people quitting on work and not caring about the output is even worse that just quitting. At the same time, however, I am convinced that making people miserable is the whole point of this chairman’s actions.

I keep hoping it is not. From what I hear, people are trying to inform him. But I don’t think he has any frame of reference or experience to have any understanding of our lives. And he 100% doesn’t make the connection on morale and productivity. I’m sure he thinks his new compensation plan with pretty much just bonus money will solve that problem. But as well all know, that money will be handed out with no connection to actual performance.

Is the new compensation plan for SOs or everyone?

Everyone. I think they have to announce it soon. Don’t know details.

My understanding is the new rating system would not affect comp this cycle.

Is the idea that raises would be based on ratings or that there wouldn’t be raises only bonuses based on ratings? The latter is a dick move because it impacts people’s retirement.

This year there was a two tier system. That means that everyone should be treated the same, unless managers are given the option to “reward” their friends. Next year will be different.

Right, but for raises or bonuses? If our base pay stays the same and it’s just bonuses, that’s a huge effective pay cut.

For both: raises and bonuses. The base pay is likely to change.

Do you mean unlikely? Or we’re facing actual pay cuts?

[Anonymous]

Where are people getting this crap? There’s no plan to revamp the sk compensation system.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Part of me wonders if PA sees me start to have the mental breakdown this is causing he’ll realize how wrong and cruel he is. Doubt it.

He would just tell you to quit.

I am sorry, for whatever that’s worth. I know it sucks and I know many people (not all) really are at the point of desperation.

People will keep leaving. I know many considering jobs who thought they would never leave. Even if it y a small percentage of those people leave, it will be significant. I’m putting in my time and not giving a f@*# about any of the work. I need to use what energy I have on me and my family.

I think the PP doesn’t realize that people quitting on work and not caring about the output is even worse that just quitting. At the same time, however, I am convinced that making people miserable is the whole point of this chairman’s actions.

I keep hoping it is not. From what I hear, people are trying to inform him. But I don’t think he has any frame of reference or experience to have any understanding of our lives. And he 100% doesn’t make the connection on morale and productivity. I’m sure he thinks his new compensation plan with pretty much just bonus money will solve that problem. But as well all know, that money will be handed out with no connection to actual performance.

Is the new compensation plan for SOs or everyone?

Everyone. I think they have to announce it soon. Don’t know details.

My understanding is the new rating system would not affect comp this cycle.

Is the idea that raises would be based on ratings or that there wouldn’t be raises only bonuses based on ratings? The latter is a dick move because it impacts people’s retirement.

This year there was a two tier system. That means that everyone should be treated the same, unless managers are given the option to “reward” their friends. Next year will be different.

So you’d rather have a system where merit is irrelevant? We all know there is a huge difference between people who do just enough to stay employed and people who go above and beyond, both in quality and amount of work.

I’d rather see people who go above and beyond be rewarded, at least when it comes to bonuses if not raises.

Could there be an occasional time where “friendship” more than “merit” comes into play? Sure. But the solution is to try as much as possible to stamp that out rather than say everyone simply gets the same.

I think the union helps in a lot of ways, but I don’t agree with their strong opposition to any sort of merit based distinctions.

[Anonymous]

Anonymous wrote:Where are people getting this crap? There’s no plan to revamp the sk compensation system.

The plan is for raises to be tied to performance ratings. That is why the rating system is changing. It won't be this cycle but the next one.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Where are people getting this crap? There’s no plan to revamp the sk compensation system.

The plan is for raises to be tied to performance ratings. That is why the rating system is changing. It won't be this cycle but the next one.

I for one sure hope that they go back to letting managers give cash bonuses to top performers. We need more tools to reward people and encourage people to want to get promoted.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Part of me wonders if PA sees me start to have the mental breakdown this is causing he’ll realize how wrong and cruel he is. Doubt it.

He would just tell you to quit.

I am sorry, for whatever that’s worth. I know it sucks and I know many people (not all) really are at the point of desperation.

People will keep leaving. I know many considering jobs who thought they would never leave. Even if it y a small percentage of those people leave, it will be significant. I’m putting in my time and not giving a f@*# about any of the work. I need to use what energy I have on me and my family.

I think the PP doesn’t realize that people quitting on work and not caring about the output is even worse that just quitting. At the same time, however, I am convinced that making people miserable is the whole point of this chairman’s actions.

I keep hoping it is not. From what I hear, people are trying to inform him. But I don’t think he has any frame of reference or experience to have any understanding of our lives. And he 100% doesn’t make the connection on morale and productivity. I’m sure he thinks his new compensation plan with pretty much just bonus money will solve that problem. But as well all know, that money will be handed out with no connection to actual performance.

Is the new compensation plan for SOs or everyone?

Everyone. I think they have to announce it soon. Don’t know details.

My understanding is the new rating system would not affect comp this cycle.

Is the idea that raises would be based on ratings or that there wouldn’t be raises only bonuses based on ratings? The latter is a dick move because it impacts people’s retirement.

This year there was a two tier system. That means that everyone should be treated the same, unless managers are given the option to “reward” their friends. Next year will be different.

So you’d rather have a system where merit is irrelevant? We all know there is a huge difference between people who do just enough to stay employed and people who go above and beyond, both in quality and amount of work.

I’d rather see people who go above and beyond be rewarded, at least when it comes to bonuses if not raises.

Could there be an occasional time where “friendship” more than “merit” comes into play? Sure. But the solution is to try as much as possible to stamp that out rather than say everyone simply gets the same.

I think the union helps in a lot of ways, but I don’t agree with their strong opposition to any sort of merit based distinctions.

To be fair the federal government has historically done a terrible job implementing pay for performance. DoD did something like this many years ago and it failed miserably. I think CFPB also tried this and when they studied it afterwards they found a lot of racial bias in the ratings.

I wouldnt mind giving this a shot if they keep the overall comp pool at a reasonable amount (say GS raise plus at least 1.5%ish to account for no steps in our pay system) and distribute those funds by performance. What I suspect will happen is they will use the lack of transparency to decrease the overall monies available for compensation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Part of me wonders if PA sees me start to have the mental breakdown this is causing he’ll realize how wrong and cruel he is. Doubt it.

He would just tell you to quit.

I am sorry, for whatever that’s worth. I know it sucks and I know many people (not all) really are at the point of desperation.

People will keep leaving. I know many considering jobs who thought they would never leave. Even if it y a small percentage of those people leave, it will be significant. I’m putting in my time and not giving a f@*# about any of the work. I need to use what energy I have on me and my family.

I think the PP doesn’t realize that people quitting on work and not caring about the output is even worse that just quitting. At the same time, however, I am convinced that making people miserable is the whole point of this chairman’s actions.

I keep hoping it is not. From what I hear, people are trying to inform him. But I don’t think he has any frame of reference or experience to have any understanding of our lives. And he 100% doesn’t make the connection on morale and productivity. I’m sure he thinks his new compensation plan with pretty much just bonus money will solve that problem. But as well all know, that money will be handed out with no connection to actual performance.

Is the new compensation plan for SOs or everyone?

Everyone. I think they have to announce it soon. Don’t know details.

My understanding is the new rating system would not affect comp this cycle.

Is the idea that raises would be based on ratings or that there wouldn’t be raises only bonuses based on ratings? The latter is a dick move because it impacts people’s retirement.

This year there was a two tier system. That means that everyone should be treated the same, unless managers are given the option to “reward” their friends. Next year will be different.

So you’d rather have a system where merit is irrelevant? We all know there is a huge difference between people who do just enough to stay employed and people who go above and beyond, both in quality and amount of work.

I’d rather see people who go above and beyond be rewarded, at least when it comes to bonuses if not raises.

Could there be an occasional time where “friendship” more than “merit” comes into play? Sure. But the solution is to try as much as possible to stamp that out rather than say everyone simply gets the same.

I think the union helps in a lot of ways, but I don’t agree with their strong opposition to any sort of merit based distinctions.

To be fair the federal government has historically done a terrible job implementing pay for performance. DoD did something like this many years ago and it failed miserably. I think CFPB also tried this and when they studied it afterwards they found a lot of racial bias in the ratings.

I wouldnt mind giving this a shot if they keep the overall comp pool at a reasonable amount (say GS raise plus at least 1.5%ish to account for no steps in our pay system) and distribute those funds by performance. What I suspect will happen is they will use the lack of transparency to decrease the overall monies available for compensation.

This is a reasonable take. The lack of step increases like (almost all of) the rest of the fed gov has is important.

While I’m all for bonuses, tying raises to performance, especially if there’s a mandatory curve for ratings, is unfair when you have a small group of very high performers (like my group).

[Anonymous]

Doesn’t the CBA control this issue? Or is that another provision that “doesn’t count”?