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Reply to "Are SEC/CFPB/FDIC/OCC Employees Exempt from Federal Raise Announced by Biden?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I used to work at one of the higher paying financial regulators. This thread reminds me of why I left. Too many staff members are focused on the pay and benefits over the work. Over the years, I watched our package grow sweeter and sweeter, yet the more that was given, the more staff wanted. Interestingly, the same grumbles didn’t come from management, and they weren’t paid that much more but worked much harder. In time, I really grew tired of my smart, but entitled colleagues sucking the system dry while moaning about how “busy” they were, which was nothing but code for “leave me alone.” I wanted to be proud of my colleagues, but I found many of them disappointing. [/quote] Your complaint is true but not for everyone. I left for the private sector also but for the two years before I left, I averaged 55-60 hours per week and my salary was approximately $5k higher than the max on the gs scale. I hated how my higher paid colleagues (many at the pay cap maximum) barely seemed to do any work and in some cases were viewed by management as not capable of handling difficult assignments. So there were real issues with pay fairness. Unfortunately, the government is really bad at paying people based on merit (and when they have tried, it led to charges of racism because certain groups got rated more highly than others on average) so these across-the-board pay raises are the only thing that ever gets done. Management also didn’t necessarily work harder. There was so much deadweight amongst management also including people who never had done anything to justify their promotion to management and were exceptionally incompetent during the 10 hours of work they did per week. [/quote] I definitely agree that there are a lot of pay-capped, 50+ folks that are staring at the clock. It’s unbelievable that they get passing grades every year and get paid $200k+. They’re also one of the groups that complain the loudest about benefits, but they have it so sweet. They could never leave and make more, in part, because they have become SO lazy. I was amazed how many colleagues, even with Ivy or Ivy-type credentials, had turned into sloths. [/quote] The problem is the union itself wants to award mediocrity. They support a system where everyone who passes gets the same raise, and they never, ever want to discuss GS step increases because they do not want employees to realize how poorly they negotiated the past couple contracts. And remember, if you do not pass an employee it’s a huge deal that requires a write up. Management has every incentive to pass everyone, because not doing so is a ton of extra work and most employees will file a grievance. [/quote] NP and I calculated it out at one point and I think the GS steps are worth about 1.5% on average so take whatever you get minus 1.5% minus the COLA and that's how much better/worse your raise is than the GS raise.[/quote]. It’s when you get to the middle of the band it’s better. When you don’t get a raise except once every few years, except the COLA.[/quote] No I calculated it as an average raise per year over a career so this includes years where a GS employee would not get a step increase. The steps themselves are worth more than 1.5% when you get them.[/quote] It still doesn’t benefit. The pay band ceilings and additional benefits just make the regulator bands more lucrative.[/quote]
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