Thursday, May 22, 2014

Stupid: Consumer Financial Protection Bureau scraps employee ratings, decides to pay everyone the highest rate...

Since there were statistical differences based on race and other factors, everyone will now be rated a 5 on a scale of 1 to 5.  Any chances of this happening in your job in private industry? I thought not. So, if schools find statistical differences, they should give everyone an A?
WASHINGTON — 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.
In an e-mail to all employees, CFPB Director Richard Cordray acknowledged the disparities, saying there "was no single factor that caused this result."

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