Audit of SECs Employee Recognition Program and Recruitment, Relocation, and Retention Incentives, Office of Inspector General, August 2, 2011
“…we found that the SECs budgeting processes for awards and incentives for SK2 employees are flawed and ineffective. The SECs overall award budget for SK (SEC pay level used in lieu of GS) staff and average award per person are nominal. Additionally, SEC offices and divisions often are not notified of their award budgets until late in the fiscal year, which has resulted in awards being made significantly after the rewarded action occurred. Further, during the period covered by our audit, supervisors were able to use their award budgets only for special act awards, virtually eliminating their ability to reward employees for outstanding performance in the course of their normal job duties and contrary to one of the primary purposes of the ERP. We also found inconsistencies among offices and divisions with respect to their adherence to the terms of the budget allocation memoranda issued to divisions and offices, including instances in which offices exceeded their award budgets or provided awards in advance of receiving their award budgets. We determined that payment of awards at the end of the fiscal year presents various accounting issues, including payroll errors. Lastly, we found that although Office Heads and Division Directors are ultimately notified of their awards budget, they are not notified of funds available for 3R (recruitment, relocation, and retention) incentives.”
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