Fourth Report On The Implementation Of Sec Organizational Reform Recommendations - U.s. Securities And Exchange Commission - 2013 Page 11
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37F
R
I
SEC O
R
R
OURTH
EPORT ON THE
MPLEMENTATION OF
RGANIZATIONAL
EFORM
ECOMMENDATIONS
• Centralization of regional collections efforts: OC has successfully triaged regional office
collections cases to prioritize and prepare them for litigation by the home
office. Centralization provides greater insight into ongoing collections activity and
ensures that important cases receive the necessary resources and support.
Benefits of the new D&P processes include the following:
• Streamlined business processes: The D&P project has more tightly integrated OC, OD,
and OFM, and has successfully reduced the number of business processes from 75 to 60
and produced an efficiency gain of 20 percent. Early benefits of the streamlined process
include less duplication of work, reduction in unnecessary or non-value added steps, and
increased collaboration among impacted groups.
• Management insight into performance: SEC leadership now can gain unprecedented
insight into the performance of OFM, OC, and OD through the development of outcome-
oriented operational performance metrics. These metrics go well beyond those in the
existing Annual Financial Report (AFR) to provide insight into day-to-day processes, and
enable SEC leadership to more readily identify and address any risks.
3. Workstream 2A: Reorganizing the Office of Human Resources (OHR)
In response to the BCG report recommendations, a working group conducted an assessment of
OHR’s structure and its workforce controls, processes, and policies. OHR’s implementation of
the resulting recommendations has encompassed multiple functions, including workforce
analysis and planning, identification and development of high priority skills, human resource
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(HR) processes and policies, and Employee Based Performance Management (EBPM).
Building on activities initiated last year, OHR continues to make enhancements that enable more
efficient and effective human resource support. Progress since the last report includes the
following:
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Due to the broad nature of the OHR reorganization, OHR activities are also discussed in the following
workstreams: 3H: Hire Staff for Priority Positions, 3E: Accelerate the roll out of the SEC’s EBPM system, 3H: Hire
staff for Priority Positions – Administrative Skills, and 3D: Restructure OHR (Workforce Planning).
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