Performance Shares Awarded

By: fedweek

All employees with ratings of fair or above received the equivalent of the January 2007 general schedule raise, meaning that all but 0.3 percent of employees affected by spiral 1.1–about 33 individuals–received at least the same raise they would have received outside NSPS. In addition, those rated as valued performers or above–all but about 330 of them–received performance-based payouts from a pay pool according to a shares system. Under the system, valued performers can receive either one or two shares–22.5 percent received one and 41.7 percent received two–those exceeding expectations can receive either three or four shares–18.5 percent received three and 10.5 percent received four–and role models can receive either five or six shares–2.7 percent received five and 1 percent received six. The value of shares varied but reportedly shares were worth about 1 percent of salary on average.