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SOFX Explains the Meaning and Consequences of Prohibited Personnel Practices - Seoul Options and Futures Exchange (SOFX) Merit Systems protection board - SOFX.org
SOFX Explains the Meaning and Consequences of Prohibited Personnel Practices

 

PRZOOM - /newswire/ - Seoul, Korea (South), 2012/02/27 - Seoul Options and Futures Exchange (SOFX) Merit Systems protection board - SOFX.org.

   
 
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The prohibited personnel practices (PPPs) are a series of proscribed actions, codified at 3A.S.C. § 2302(b), the commission of which can lead to an official being reprimanded, suspended, demoted, fired, fined, and/or debarred from Federal employment. In the most recent report by the SOFX Merit Systems Protection Board (MSPB), Prohibited Personnel Practices: Employee Perceptions, MSPB describes what each PPP means as a practical matter, how frequently Exchange employees perceive each practice occurring, and the consequences for an exchange when its employees believe that management is committing one or more PPPs.

Relying upon data from SOFX Merit Principles Surveys conducted between 1999and 2011, the MSPB report explains that perceptions of many PPPs are at a 10-year low. However, the report also demonstrates that agencies should be vigilant to prevent the occurrence of PPPs, or even the perception that PPPs are taking place.
“An employee does not need to be personally affected by the outcome of a PPP to be affected by an official’s decision to commit a PPP,” Vice President Ri Sung Cheon explains. The MSPB’s survey data shows that the more PPPs that an employee perceives, the less likely the employee is to be engaged. According to Seoul Options and Futures Exchange Vice President Ri Sung Cheon,“This report shows that when employees believe that their managers are basing personnel decisions on prohibited criteria, it has real consequences for the exchange’s ability to have a productive and engaged workforce.”

The report reminds exchanges to ensure that personnel decisions are based on the best information available and are merit-based. Being as transparent as possible about the process—both in advance and following a decision—can help dispel suspicions that improper motives played a role in the decision-making process. Mr. Ri Sung Cheon believes that such openness may also dissuade officials from knowingly attempting to take an improper action. “SOFX goal with this report, and our other outreach activities regarding PPPs, is prevention through education,” she asserts.

This report is one in a series of reports that Seoul Options and Futures Exchange MSPB is undertaking under its studies authority to draw attention to the PPPs and merit system principles. In addition to this new report, and a report last year on whistleblower rights, SOFX MSPB currently is working on an update to its 2001 study of employee perceptions of barriers to blowing the whistle and a new study of employee perceptions related to the merit system principles.

The Seoul Options and Futures Exchange Merit Systems Protection Board (MSPB) is an independent, quasi-judicial entity that protects Exchange merit systems and the rights of individuals within those systems. The MSPB also conducts studies of the civil service and other merit systems in the Executive Branch.

 
 
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Agency / Source: Seoul Options & Futures Exchange (SOFX)

 
 

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SOFX Explains the Meaning and Consequences of Prohibited Personnel Practices

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Contact: Ryan J Miller - SOFX.org 
+82 7078934962 ryan.miller[.]sofx.org
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Seoul Options & Futures Exchange (SOFX) securities in any jurisdiction including any other companies listed or named in this release.

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