Realignment for SEC
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Anonymous
Apparently there never will be as it went from Oct to Dec to Jan. It's constantly "any day now." Yeah right. |
Anonymous
It was never going to be October, December was always the earliest. The briefs were due in October but the agency could not finish its brief due to the shutdown so the timeline got pushed back. The arbitrator cannot write the decision until it reviews the briefs. |
Anonymous
As in the past, it’s just a guide. No Agency follows these to a tee. A CBA would take precedence over a guide published by OPM (theoretically) as would a legal decision. |
Anonymous
I think what PP is suggesting is that if OPM is still targeting TW it increases the likelihood the agency will appeal the decision just to delay it and prevent TW. Atkins hates TW so he might appeal on his own but there is a much higher chance if OPM is telling him to appeal it. |
Anonymous
Exactly. I read the new thing from OPM as a stern reminder to agency heads not to slack in their enforcement of strict anti-telework policies and to reinforce that OPM doesn't intend to turn a blind eye anytime soon. They will undoubtedly be telling PA to appeal an adverse decision by the arbitrator. |
Anonymous
Or what? What would be the repercussions if they allowed some TW? They’d fire the sec chair over that and create uncertainty in the markets, derail the various rulemakings, etc? Sure. This is so stupid. Just delegate to agency heads the best way to manage their agencies. This obsession with telework is so weird. It doesn’t get votes. It doesn’t save money. It doesn’t help anyone. I’ll never understand the political-economic theory behind it. |
Anonymous
It's pretty simple actually, they want people to quit. The entire RTO policy was designed by OPM and OMB to get people to quit. And Atkins hates TW btw so I wouldn't count on any support from him. |
Anonymous
They put this guide out every year. The SEC has always had their own telework program. If PA is going to appeal, it isn’t going to be because of the OPM guide. It will be because he wants to delay reinstating TW for as long as possible and has always wanted this, irrespective. |
Anonymous
Dumb. First, they don’t want anyone and everyone to quit. They just want a specific type of person to quit (and we all know which type). Ending TW is too much of a sledgehammer and pushes out exactly the people who they DONT want to quit — well educated, talented staff with other options. Second, there are much more effective, more surgical ways to get people to quit than ending a pretty traditional benefit that’s been around for over 25 years and that saves billions on real estate, etc. |
Anonymous
I disagree. To me, the recent announcement signals desperation. They haven’t been effective and are going to keep trying. But cat is out of the bag. Let’s keep trying to scare everyone and eventually it will work! I’ve seen something similar at my DW’s company with stern messaging on TW because they can’t get people back, and then they eventually give up. If this admin was so effective the first time, it wouldn’t have to keep issuing stern warnings. Also when messaging from the top is overly strict and stern, people are more likely to ignore it. It comes across as unreasonable. |
Anonymous
This. It doesn’t have any teeth which is why people continue to TW. It’s unreasonable and why OPM has to keep sending out announcements about it. |
Anonymous
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This chairman has a dilemma on his hands: he mostly hates staff. He thinks we are all overpaid. He hates telework thinking (wrongly) that RTO leads to “collaboration” or whatever other nonsense - I am sure that so many people who come in at 6am and leave by 2:30 are so effective and “collaborative,” especially with their colleagues on the West Coast.
PA is delusional. Who is going to write all those rules? Adopting releases? FAQs? He has been in the building for almost a year now and hasn’t done anything but give speeches and produce a Christmas YouTube video. If we do get any telework back, it’s because the few sane people around him convince him that this is the only thing that can boost the morale. Can’t wait for the next election. |
Anonymous
| Next week, I expect an opm memo that says, “8th and final warning to all agencies — end all TW or you’ll be sorry! We mean it this time. If you don’t comply, you go to time out!” |
Anonymous
He’s hiring young guns from law firms to come in for 120 to do the rulemaking . . . He doesn’t need a single SEC employee. Or so he thinks. |
Anonymous
lol. What a fabulous opportunity for young, ambitious associates! 1. No telework (while most firms allow at least some) 2. Likely cramped, windowless offices. 3. Mediocre IT compared to law firms. 4. Give up your cases/deals to others for 120 days and likely fall behind and lose your niche and assignments on those matters. To boot, you’ll likely piss off the lead partner bc now he has to replace you for 4 months. 5. Get to read through and summarize 10,000 comments. Fun! 6. Nobody at your firm — especially partnership committees — will give a damn or value this “experience,”‘which has zero value to clients. Sounds like an awesome opportunity. Only the best and brightest will apply. In related news, I heard that the local regional bank is offering NY investment bank associates a 120 day detail opportunity to serve as bank tellers. |