Federal Reserve Board - Incompetent and lazy colleagues + bully managers | Glassdoor
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There are newer employer reviews for Federal Reserve Board

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Helpful (3)

"Incompetent and lazy colleagues + bully managers"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Anonymous Employee
Former Employee - Anonymous Employee
Doesn't Recommend
Negative Outlook
No opinion of CEO

I worked at Federal Reserve Board full-time

Pros

If you like not doing real work, you can get by. This one guy in our department shipped 2 lines of code in a whole quarter. 2 LINES! And he didn't get fired.

Of course, this is really a con if... you know... you like providing value.

Cons

Almost every employee at the Board is either lazy or incompetent. Examples of laziness:

1. Taking a two hour lunch break PLUS 1 hour coffee break consistently every day.
2. Promising that your work is done, but not being anywhere really close.
3. Taking months long vacations.

Examples of incompetence:

1. Shipping 2 lines of code in a whole quarter!
2. Managers not really managing, just playing the political game of looking good. My manager would say anything, even say "Oh the project is going soooo well!". Total bs.

Examples of bullying:

This one lady we work with shouts at our daily standup EVERY SINGLE DAY. SERIOUSLY?

Advice to Management

I have no real advice for you, because you'd never follow it anyway. You're too concerned with looking good, playing nice to your own managers, and waiting for retirement. You need to fire slackers and the incompetents, but you'd never do anything to rock the boat.

Other Employee Reviews for Federal Reserve Board

  1. Helpful (1)

    "Good."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    No opinion of CEO

    Pros

    Very interesting and technical work
    Ability to work with lots of data and empirical work
    Excellent benefits package
    One of a kind insight into economic markets

    Cons

    -Very political and very little collaboration
    -Hours can be extremely long and work extremely tedious
    -Sections can be poorly managed and understaffed


  2. Helpful (1)

    "It's what you make of it. Want to be a wallflower? Go for it. Want to be super-involved? Can do that too."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Federal Reserve Board full-time (More than a year)

    Pros

    Benefits are incredible: Still offer a pension; 401(k) match that I can't find elsewhere; can retire by age 55. Salaries are good, but not as generous as other regulatory agencies. Performance-based merit system; pay was constrained, but not frozen. Cash award opportunities. Promotions tend to occur every 18-24 months provided you are pulling your weight.

    Cons

    No succession plan in place; no push to retire folks who should have gone years ago and no plan on how to identify next batch of leaders nor get them ready. Do not appear serious about developing talent, so recent hires for leadership roles have come from the outside.

    Advice to Management

    Be sure to spread the wealth. Make sure all staff have the opportunity to do something great. Also, stop hand-holding consistent underperformers and find a way to move them up or out.

There are newer employer reviews for Federal Reserve Board
There are newer employer reviews for Federal Reserve Board

See Most Recent

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