A July 2009 report by the Investors' Working Group, an independent taskforce co-chaired by William Donaldson and Arthur Levitt and sponsored by the CFA Institute Centre for Financial Market Integrity and Council of Institutional Investors.
Resources: Miscellaneous Resources
The Next Generation of Merit Pay, an article on FedSmith by Robbie Kunreuther. Last week, FedSmith posted a link to an article: "Is Pay for Performance Viable in the Federal Government?" As always, the subject matter caught my eye.
Tell the Union, in confidence, your thoughts on Enforcement reorganization. We would appreciate getting the input of non-management employees on a number of issues, to assist with ongoing discussions and eventual bargaining.
OPM Director John Berry's November 17, 2009 comments at the Human Capital Management Forum, including up to date comments on the future of pay for performance systems in the federal government.
Chapter 293 members can click here to sign in and review transcripts of testimony by NTEU National President Colleen Kelley before numerous committeees of Congress on a host of issues of interest to SEC employees. Testimony issues include paid parental leave, pay for performance, federal employee pay raises, and more.
The latest edition of Chapter 293 Works, the Union's newsletter at the SEC, is now available. Click here to download and print out a PDF today!
Merit Pay distribution data for 2007, showing the distributions of merit pay increases broken down by office and division, grade, position, age, gender and race/ethnicity.
Merit Pay distribution data for 2006, showing the distributions of merit pay increases broken down by office and division, grade, position, age, gender and race/ethnicity.
Merit Pay distribution data for 2005, showing the distributions of merit pay increases broken down by office and division, grade, position, age, gender and race/ethnicity.
NTEU National VP Frank Ferris on FedSmith.com: You do not have to be an admirer of television's legendary "Mr. T." and his signature line, "I pity the fool!" to pity the Federal Service Impasses Panel (FSIP or the Panel). It is hopelessly out of date, out of touch, and out of ideas. It is Woolworth in the age of Wal-marts, the Princess rotary phone in the time of the I-Phone, and the portable typewriter in the era of the Blackberry.
Managers who've done it say it's surprisingly hard to link performance and salaries. For years, federal managers have taken flack for poor leadership and people skills. But now, with laws granting broad new powers to managers at the Homeland Security and the Defense departments, Congress and the Bush administration have put their faith back in bosses. Managers are getting real control over hiring, disciplining and firing employees. At the core of the changes is pay for performance - the belief that federal employees, like their private sector counterparts, should be rewarded, or not, based on how well they do their jobs. And the link between salaries and performance is the manager's evaluation of how well each employee is doing...
Long before anyone was talking about team-building or Theory Z -- less than a decade after World War II, in fact – a sociologist named Peter Blau compared two groups of interviewers at a public employment agency. Those in the first group competed fiercely to fill job openings. In the second group, interviewers worked cooperatively, making sure to tell each other whenever a new position opened up. Which interviewers filled significantly more jobs? If you guessed the second group, it may be because you're already aware that cooperative effort is the key to productivity...
When the Defense Department started fashioning a new pay-for-performance system for its civilian employees five years ago, “fairness” was the watchword. But the first large-scale payout of performance-based pay raises and bonuses in January was riddled with inequalities, a Federal Times analysis has found...
Experiments in changing the way federal employees are paid are everywhere. There's the National Security Personnel System; pay for performance for the Senior Executive Service; and pay reform in the intelligence community, the Securities and Exchange Commission, and the Internal Revenue Service. There's plenty of fodder for conversation. But missing amid all the sound and fury of compensation experiments is an overarching plan to determine what's working and what's not...
"Do this and you'll get that." These six words sum up the most popular way in which American business strives to improve performance in the workplace. And it is very popular. At least three of four American corporations rely on some sort of incentive program. Piecework pay for factory workers, stock options for top executives, banquets and plaques for Employees of the Month, commissions for salespeople -- the variations go on and on. The average company now resembles a television game show: "Tell our employees about the fabulous prizes we have for them if productivity improves!"Most of us, accustomed to similar tactics at home and school, take for granted that incentives in the workplace are successful. After all, such incentives are basically rewards, and rewards work, don't they? The answer, surprisingly, is mostly no...
The idea that dangling money and other goodies in front of people will "motivate" them to work harder is the conventional wisdom in our society, and particularly among compensation specialists. Those of us who have challenged the Skinnerian orthodoxy that grounds this conviction have apparently caused its professional apologists to reassert in ever more emphatic and defensive language what most of their audience already takes on faith. (Hence the amusing spectacle of being admonished that it is "time that management specialists ... understood the importance of money" -- as though the field were guilty of attributing too little importance to it!)...
Search for resources in the box above, or select one of the categories below to review a list of informative resources by topic...
Decisions
Decisions by the Federal Service Impasses Panel, the Federal Labor Relations Board and federal arbitrators in cases involving the SEC, such as the Merit Pay national arbitration, the Student Loan Repayment Program national arbitration, and more...
Government Reports
Informative reports by the Government Accountability Office, the Office of the Inspector General, and other governmental agencies and officials on topics of interest to SEC employees, such as performance based pay systems and investigations of SEC actions...
Federal Employee Benefits
Information about benefits available to federal employees, such as health benefits, retirement benefits and more...
Federal News
Links to news sources about the federal government, such as Government Executive, FedSmith, etc...
Helpful Union Information
Links to union information and legal sites to assist in union representational activities...
Regional Newspapers
Links to major newspapers in Washington and each of the SEC's Regional Offices...
Chapter 293 Documents and Forms
Documents and forms used by NTEU Chapter 293...
Other NTEU Chapter Websites
Links to other NTEU Chapter websites...
Miscellaneous Resources
Additional resources, including articles on pay for performance, SEC Merit Pay distribution information, and more...
