Consumer Financial Protection Bureau Eliminates Employee Reviews

Consumer Financial Protection Bureau Eliminates Employee Reviews

Hi, how is everyone today?

Doing great, I trust!

Are you like most people and you really dread your annual (or semi-annual) employee review.

I have known several folks for whom this was a very trying experience.  They would worry about it for days, even weeks, beforehand.

Some have even had anxiety attacks over these things.

Really, who can blame them?

A bad review can mean the “loss” (can you really lose it if you never had it?) of up to several thousand dollars per year in wages.

Well, on 19 May, 2014, one of our government agencies figured out a way to avoid and abolish all that worry and anxiety!

They just eliminated employee reviews!

That’s right, the Consumer Financial Protection Bureau has completely eliminated employee reviews.

If you happen to get a job with the CFPB, No matter how good or how bad you are at your job, you get paid the top of your pay scale, because, well, you didn’t get a bad review!

In an interview with AmericanBanker.com, Richard Cordray (the head of CFPB) said:
“”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,” Cordray wrote. “These differences indicate a systemic disadvantage to various categories of employees that persisted across divisions, offices, and other employee characteristics.”

This all stems from an investigation into the differences in ratings of employees by ethnic groups.

The new report released Monday (19 May 2014) was a “deeper review,” Cordray said. It confirmed there were disparities among employee evaluations by race, but said that the problems were far more extensive than previously known, including additional criteria like age and location.”

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.”

I’m not saying that there hasn’t been discrimination among the reviews.  I just don’t know enough particulars to say there was or wasn’t.  And if there was, that really needs to be addressed and cured.

What I am saying is that if they expect all of us to believe that all 1,100 (or so) employees deserve the highest rating at all times, Well, that’s just crazy!

It’s a mathematical improbability.  Unless the bar to reach the top is so low that it could be crawled over!

How about this, instead of charging taxpayers the maximum amount of money per year, let’s either retrain or get rid of the supervisors that are creating the discrimination in the review process, if there indeed is some.

I know, I know, the numbers say this, the numbers say that… I also know that the numbers do not always tell the whole story.

I’ll admit that they seem a bit skewed, but could that be because of the hiring process?  Were there training differences at the beginning of employment from person to person?

I believe there are too many variables to just junk the entire system and charge taxpayers the maximum amount according to the payscale in place for these positions.

Just my two cents worth, let me know what you think!

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