SEC may get to waive hiring rules

By on February 11, 2003 in Current Events with 0 Comments

The existing civil service system isn’t getting any respect. It seems that agencies want exemptions from various requirements, the administration wants to set up a pay for performance system, and more than a few employees think the who system is a sham designed to help some and harm others.

The latest case in point: According to the Wall Street Journal, Representatives Michael Oxley (R-OH) and Richard Baker (R-LA) are introducing a bill that would enable the Securities and Exchange Commission to waive the usual merit system requirements for hiring certain types of employees including accountants, economists and compliance examiners.

The reason is that the usual process of hiring often takes several months and the agency says it has an unusual need to hire new employees much quicker in order to deal with the well-publicized scandals in corporate suites.

© 2016 Ralph R. Smith. All rights reserved. This article may not be reproduced without express written consent from Ralph R. Smith.

About the Author

Ralph Smith has several decades of experience working with federal human resources issues. He has written extensively on a full range of human resources topics in books and newsletters and is a co-founder of two companies and several newsletters onĀ federal human resources.