SEC Reorganizes Human Resources Functions
FOR IMMEDIATE RELEASE
Part of Agency-Wide Focus on Human Capital
Washington, D.C., Sept. 1, 2004 - The Securities and Exchange Commission today announced the reorganization of the SEC's human resources office. The reorganization will divide the current office into two organizations - the Office of Human Resources and the Office of Administrative Services. The division of responsibility is part of a larger effort to help the Commission more effectively accommodate the tremendous growth in both staffing and programmatic responsibilities the agency has experienced over the past two years. A search has begun for two senior officers; one to head each office.
SEC Chairman William H. Donaldson said, "The new office structure will enable the Commission to increase the effectiveness of the agency's critical human resources functions and its ability to meet the needs of a growing SEC workforce."
With congressional approval of "excepted service" hiring authority in July, 2003, which allowed the SEC to hire additional categories of employees more quickly, the SEC was able to shift its recruiting focus to a strategic mix of legal and business professionals, including MBAs. Between December, 2002, and July, 2004, the agency hired an additional 932 employees. Now that the SEC has almost completed new hiring, the agency's focus will turn to recruiting for vacancies created through normal attrition.
In addition to the office reorganization, the SEC recently launched new recruitment and orientation videos to complement and strengthen the SEC's ongoing recruitment and retention efforts. The videos feature current SEC employees who provide insight into their SEC experience, and provide basic information about the nature of the SEC's work. The recruitment video will be used at recruitment events and distributed to career placement offices at graduate law and business schools around the country, and is available via the SEC's website at http://www.sec.gov/about/media.htm. The orientation video will be used as a tool to educate all new SEC employees during official orientation sessions.
Chairman Donaldson said, "We are committed to an organizational culture that is challenging, intellectually stimulating, values human capital, and rewards efficiency and effectiveness. I believe this culture enables us to not only recruit the best and the brightest, but to retain them."