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TARP Staffing Update

By Ed O'Keefe

The Treasury Department anticipates it will need to hire 196 full-time employees to fully staff the Office of Financial Stability, established to handle elements of the Troubled Asset Relief Program (TARP). The office is still less than hall full, with 113 staffers as of March 20, according to a GAO report released today.

The number of permanent employees has climbed considerably since GAO's last report in January -- from 38 to 77. Fifty of those permanent staffers have come from other parts of Treasury and the federal government and 27 from the private sector.

OFS still has 36 detailees, or government employees temporarily assigned to another agency. This GAO table shows where they're from:

Agencies Detailing Federal Employees to the Office of Financial Stability

Treasury Departmental Offices and Bureaus Number of employees
Alcohol and Tobacco Tax and Trade Bureau 1
Bureau of Public Debt 2
Community Development Financial Institution Fund 1
Internal Revenue Service 4
Office of the Comptroller of the Currency 1
Office of Thrift Supervision 3
Treasury Departmental Offices 4
Total Treasury 16
Non-Treasury Departments and Agencies Number of employees
Housing and Urban Development 3
Department of State 1
Export-Import Bank 1
Federal Deposit Insurance Corporation 2
Board of Governors of the Federal Reserve System 10
Securities and Exchange Commission 3
Total Non-Treasury 20

SOURCE: Government Accountability Office

By Ed O'Keefe  | March 31, 2009; 4:20 PM ET
Categories:  Agencies and Departments, Oversight, Workplace Issues  
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Next: Eye Opener: April 1, 2009


And they are missing out on thousands of highly qualified, highly trained, excellent work background applicants and/or possible employees because of the bloated, wasteful, ignorant and stupid fed hiring process. Give them direct hire authority and MAKE them do away with the sloppy and wasteful application managers and things like AVUE central that they make applicants go through. Lastly, make the management LOOK at the resume of highly qualified applicants, THEN ask your questions... asking dozens of questions in these appication manager programs is redundant because most of the answer is already in the resume. HR specialists and mgmt need more training in the the hiring process! lastly, FIX these online resumix programs and do away with the one-word or one-phrase criteria UNLESS there are pre-set ones that mgmt chooses from... Do not let them make them up... it causes fraud in the hiring process!

But nobody listens...

Posted by: darmar40 | April 1, 2009 7:18 AM | Report abuse

The Federal Hiring system is quite the maze. I was involved as a consultant for 4 years during the RTC mess. Have since moved on, developing millions of square feet of properties, No Defaults, managing companies and making decisions. I submitted a "Resume"? on the and am not qualified? Foreign governments have sought my advice, as have Major american cities. Oh well. I will try again one of these days. We will let the kids run it. Quite sad actually.

Posted by: BeenThere17 | April 1, 2009 12:48 PM | Report abuse

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