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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I work for SEC- we get annual increase in PP7. It is kind of a complicated formula but works out much better than the GS pay increases.  [/quote]

It's better but it's not much better.  The SEC doesn't get step increases and those have an average value of 1.5% per year including the years where you don't get a step increase so the SEC raise is about 1.15% better than the GS raise.[/quote]

True, but the baseline starting point is way higher.   This is kinda like saying that a banker/trader earning 650K only got a 1% raise while the regulator earning 200K got a 5% raise.  Which would you rather be?[/quote]

PP-  exactly my spouse is a 15/10 and has been at the cap for years.  At the SEC I am a SK 14 at the cap and make significantly more than them.[/quote]

You aren't joking. That's like a 50k difference. [/quote]

I work for the FDIC.  The same pay grade for the job I do at the SEC pays at least $40,000 more at the top of the scale.  I always thought that the federal regulators were supposed

\to be comparable in this way, but they are not.   [/quote]

Which pay grade?[/quote]

NP. The FDIC revamped how it pays people so that if you are new to the fdic, you get paid much less than someone with the same number of total years of experience but who has been at the fdic longer. They’ve been quite explicit that this was a new policy choice they made. So the fdic no longer pays competitively for incoming folks (though it’s a bit haphazard and managers can seek policy exceptions, so some people may chime in that they are new to the fdic and doing well which may be true or may be a results of them not knowing how much their peers are making). This it wouldn’t surprise me if a person new to the fdic makes 40k less than someone new to the sec with the same number of years of experience, regardless of whether they are a 14 or 15 on fdics scale. [/quote]

This is all correct but just to add to it: the policy choice was made by McWilliams with the goal of paying fdic workers less (because the way to justify paying new workers less than their peers is to weight numbers of years of experience at fdic heavily in the pay formula; in many instances, the formula results in people having salaries much lower than what they would earn at a non financial regulator). While gruenberg professes to be more friendly to workers, he has actually fully adopted this new approach to pay setting. So the fdic had largely given up on being competitive with its peers on salary unless your salary was set before this new approach to pay setting went into effect or your manager seeks a policy exception for you. [/quote]

I anticipate that many will leave fdic for the cfpb, especially with the full remote option negotiated at the cfpb recently.[/quote]

FDIC is already having trouble hiring qualified candidates, and the CFO blames hiring officials for the problems they created. [/quote]

Fdic leadership is totally clueless on how to pay new hires properly. They’ll offer people with advanced degrees with 20 years of experience like $150k (these folks would easily be 15-10 at any agency on the gs scale) and meanwhile give a 30 year old with a college degree some nebulous title containing the word “strategy” or “operations” with a salary of $225k. [/quote]

So true!  Morons [/quote]

Yup. Some of the titles make my laugh. There is one particular group that is all 12-15s (with both the terms in your post on the group name) and they are completely useless, but highly valued. Every interaction with them is painful and they pay 14s “management analysts” to do the job of a CG 9/11[/quote]

LOL.  You sound like you work where I work.  We could have a good laugh together, I think.  Sorry, I don't know who you are.   :D  :lol:   Yup.  I hear you. [/quote]

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