Reply to SEC - why not even a peep from leadership?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I also think it’s wise to offer another voluntary exit option before proceeding with a RIF—unless the goal is to limit the number of departures. I’m at a different FIRREA agency, but I suspect the SEC offered a relatively low VSIP partly because they didn’t want too many people to take it. I could be completely wrong, but if the target is something like a 20% reduction, the VSIP would likely need to be more generous to attract that level of interest from SEC employees.

And if a 20% RIF really is the goal, a DRP with a departure date of September 30 or later would likely bring in more volunteers—because for most SEC employees, the value of that offer would far exceed $50K.

(I'm not indicating that 20% is the threshold; using an arbitrary number solely for purposes of the discussion here.)[/quote]

$50k VSIP is double what most people are offered.  I’m not sure I’d call that low and has anyone ever heard of a higher VSIP?[/quote]

Two other FIRREAs are discussing 6-mons (floor) and 1-year (ceiling) of pay.  I work at one of the two, so personal knowledge of my agency.  The other I know due to benchmarking.[/quote]

But with that said, we truly want some people to leave, so we are purposefully trying to "sweeten the pot."  We discussed that if we didn't want people to leave, we would be in line with the SEC number.  [/quote]

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