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CFPB: Due to Discrimination, All Employees Rated A 5!
Posted on 5/21/14 at 3:05 pm
Posted on 5/21/14 at 3:05 pm
The behemoth that is supposed to review every financial institution in the country can't even review itself without fricking up:
LINK
quote:
The Consumer Financial Protection Bureau released an internal report on Monday that showed "statistically significant disparities" in employee evaluations based not just on race, but also age, location, tenure, and whether staffers were part of the agency's union.
As a result, the CFPB said it was scrapping its current system and would pay most agency employees as if they received the highest rating available at the time of their evaluation. Ultimately, the remediation to its staff is expected to cost between $5 million to $5.5 million, a spokesman said.
LINK
Posted on 5/21/14 at 3:10 pm to TerryDawg03
Every kid gets a trophy!
Posted on 5/21/14 at 3:12 pm to TrueTiger
quote:
Every kid gets a trophy!
Is that what you think money is?
Posted on 5/21/14 at 3:15 pm to TerryDawg03
Not sure I understand their thinking. So everyone is supposed to have the same rating? If everyone is supposed to have the same exact ratings, why have a rating system at all?
Shouldn't a new employee of less than a year have a lower rating of an employee that has been there longer than a year? You know that whole thing of I know more about my job than a newbie.
Shouldn't a new employee of less than a year have a lower rating of an employee that has been there longer than a year? You know that whole thing of I know more about my job than a newbie.
Posted on 5/21/14 at 3:15 pm to SpidermanTUba
It is for some, especially the undeserving turds that should be flushed instead of rewarded.
Posted on 5/21/14 at 3:17 pm to TerryDawg03
That'll fix it.
This post was edited on 5/21/14 at 3:17 pm
Posted on 5/21/14 at 3:31 pm to TerryDawg03
quote:
"We have determined that there were broad-based disparities in the way performance ratings were assigned across our employee base in both 2012 and 2013,"
quote:
It said many managers did not even use the system until the fall of 2013 and lacked adequate training.
Not sure how failing to do your job properly automatically makes one a racist.
Posted on 5/21/14 at 4:04 pm to TerryDawg03
quote:
The Consumer Financial Protection Bureau released an internal report on Monday that showed "statistically significant disparities" in employee evaluations based not just on race, but also age, location, tenure, and whether staffers were part of the agency's union.
Translation: Our hiring and management practices have resulted in our having an incredibly inadequate staff. Since it can't possibly be their fault we are going to give them all raises because of the stress this finding must be causing them.
Posted on 5/21/14 at 4:13 pm to TerryDawg03
And the tax payers take it in the shorts again
Posted on 5/21/14 at 4:28 pm to TerryDawg03
quote:
The report found that "the average ratings for black and Hispanic employees were lower than the average ratings for white and Asian employees. The difference was statistically significant in both instances."
The report said the average white employee received a 3.94 rating, compared with 3.81 for Asian employees, 3.69 for Hispanics and 3.63 for blacks.
Posted on 5/21/14 at 4:30 pm to TerryDawg03
quote:
The ratings disparities were first made public by American Banker in a March 6 article that found African-Americans and other minority employees were far more likely to receive lower evaluations than white employees. The more than 1,100 employees were rated on a scale of 1 to 5; the agency grants greater benefits, including raises and benefits, to those who receive higher scores.
quote:
The report found that "the average ratings for black and Hispanic employees were lower than the average ratings for white and Asian employees. The difference was statistically significant in both instances."
quote:
It found that employees less than 40 years old received an average rating of 3.94, while older employees received an a rating of 3.78 on average.
quote:
The disparity was even greater for employees who were part of a union versus those who were not. Nonunionized employees received an average rating of 4.04; unionized employees received an average 3.79 rating.
So older, unionized minorities didn't perform well? From my experience working at the state, that sounds about right.
Posted on 5/21/14 at 4:31 pm to SpidermanTUba
quote:
Is that what you think money is?
Seriously? You can't see that trophies and money are both motivational tools?
You can't see that this is merely and extension of the "equality at all cost" mentality that we see more and more with kid's sports?
This post was edited on 5/21/14 at 4:49 pm
Posted on 5/21/14 at 8:06 pm to TrueTiger
*bump for the evening crew*
Posted on 5/21/14 at 9:09 pm to TrueTiger
If people knew how much power this agency really has with such little congressional oversight, they'd find this story that much more ridiculous.
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