Reply to FDIC: CG Pay Scale and Work Culture

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]There is a matrix to determine starting pay which takes into account your previous experience in the role you are being hired for, and/or performing key duties of the job, and the length which you have done those tasks. The matrix gives preference to prior FDIC experience as I understand.  This wasn’t shared with me when I was negotiating as a new employee, even though I asked. Highly unlikely to be offered a starting salary at the high end of the range.  Look at the base + locality for your area, and assume your offer will be in the mid-range at best.

Coming from a GS scale agency, I felt the compensation offered was fair. Only you can decide if the offer is worth it for your own circumstances.

As for return to office, as of January 2, nearly all staff are three days per week in office, and management decides which days. Vast majority must report T-W-Th and the exception process had not yet been determined.[/quote]

Thanks, this is very helpful. I am applying as a current career SES in a non-FIREA agency, are you saying they wouldn't likely give me much of a bump up even though the range appears to go $80k above my current salary? Also, I've heard FDIC has a larger retirement match / 401k program plus other benefits. Is that true?[/quote]

I am the PP you quoted. Your “bump” will be dependent upon your demonstrated experience in the required qualifications, for how long, and whether that turn was as an FDIC employee.  All depends upon how this matrix is applied. I can say among recent hires, we have all commiserated that our starting comp was above our prior salaries (whether GS or other FIRREA).

FDIC has its own 401(k) in addition to the TSP.  FDIC contributes 4% full stop, and matches up to 1% of employee contributions. So, put 1% in and get 5% for a total of 6%.  FDIC also covers a larger percentage of health insurance costs and lower cost dental and vision.  That’s the upside of benefits.

Downside is much less flexible work-life balance with new in office requirements, especially compared to other FIRREA agencies.

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