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-Excellent benefits -True work-life balance -Interesting work -Great place if you are starting your career or if you are coasting toward retirement -Flexibility for working parents
-Management rewards longevity at FRBNY, rather than expertise -Experienced hires will almost always be brought in a lower levels that long term individuals -Continuous turnover at senior levels in Financial Institution Supervision -Board of Governors taking control of supervision from FRBNY -Compensation lower than private sector and other regulators, like the FDIC -Hierarchy: officers vs. non-officers--like a throwback to the 1960s!
Advice to Management
-Reward based on merit rather just on length of service -Make requirements for promotion clear and fair -Rebuild relationship with Board of Governors