No less a mark of things to come. Now there will be simply no way to remove any employee. I thought I would throw in a reminder of Elizabeth Warren as well, whose fame came with the CFPB. The agency falls under the Federal Reserve, and she made certain that there was no congressional oversight permitted.
The Consumer Financial Protection Bureau (CFPB), the watchdog agency conceived of and established by Sen. Elizabeth Warren (D-Mass.) After all, we are all equal in Warren’s eyes.
The Daily Caller reports:
One government agency has decided that the results of employee ratings are too discriminatory, and eliminated the process entirely. The Consumer Financial Protection Bureau announced on Monday that it will now award all employees the highest rating regardless of performance reviews.
The CFPB, which oversees transactions in the financial sector for the federal government, decided to no longer conduct employee reviews because there were just too many apparent “significant disparities” between the races, ages, and locations of its employees.
According to American Banker, this new policy is set to cost over $5 million dollars, as it will now pay employees as if they received the highest evaluation score. The previous system ranked staff on their performance from a scale ranging from one to five, with five being the best score a CFPB staffer could receive after a review of their work on the job.
“Treating the agency’s highest-rated employees the same as its lowest-rated ones is the opposite of fairness, Thomas Brown, a columnist for Bankstocks.com, wrote in a Wednesday piece lambasting the decision. “Hard-working, conscientious workers (and, yes, the federal government does have those) deserve to be treated better and paid more than workers who, say, persistently show up late and turn in shoddy work.”