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CFPB: Due to Discrimination, All Employees Rated A 5!

Posted on 5/21/14 at 3:05 pm
Posted by TerryDawg03
The Deep South
Member since Dec 2012
15834 posts
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:

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 by TrueTiger
Chicken's most valuable
Member since Sep 2004
68451 posts
Posted on 5/21/14 at 3:10 pm to
Every kid gets a trophy!

Posted by NbamaTiger90
Member since Sep 2012
1752 posts
Posted on 5/21/14 at 3:15 pm to
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.
Posted by LSU Patrick
Member since Jan 2009
73596 posts
Posted on 5/21/14 at 3:17 pm to
That'll fix it.
This post was edited on 5/21/14 at 3:17 pm
Posted by TROLA
BATON ROUGE
Member since Apr 2004
12443 posts
Posted on 5/21/14 at 3:24 pm to
Good god
Posted by NbamaTiger90
Member since Sep 2012
1752 posts
Posted on 5/21/14 at 3:31 pm to
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 by Bard
Definitely NOT an admin
Member since Oct 2008
51870 posts
Posted on 5/21/14 at 4:04 pm to
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 by StrangeBrew
Salvation Army-Thanks Obama
Member since May 2009
18185 posts
Posted on 5/21/14 at 4:13 pm to
And the tax payers take it in the shorts again
Posted by TigerintheNO
New Orleans
Member since Jan 2004
41251 posts
Posted on 5/21/14 at 4:28 pm to
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 by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134990 posts
Posted on 5/21/14 at 4:30 pm to
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.
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