Tag

Performance Ratings

All articles tagged with #performance ratings

federal-policy1 hour ago•2 min saved

IRS Leaders Urge Staff to Maintain Excellence Despite New Performance Rating Caps

New federal rules cap high performance ratings at 40 percent, causing morale issues. IRS leadership urges staff to maintain high standards despite the changes, while unions argue the policy harms retention and ignores the financial impact of lower ratings.

via FEDweek|

#federal-policy #federal-workforce #irs

business9 months ago•2 min saved

Citi staff brace for more cuts after bonus payouts amid strict appraisals

Citi plans additional layoffs in March after bonuses are paid, on top of 1,000 pre-bonus cuts, as insiders report a stricter performance-rating system that downgrades long-time high performers to a 3 out of 4, fueling fear of mass redundancies; the bank has relaxed cost guidance to around 60% as it continues staffing realignment and transformation.

via eFinancialCareers|

#bonuses #business #citi