[guest post by Dana]
It’s come to this: A government agency, believing employee ratings are too discriminatory, has opted to eliminate the process altogether. As a result of the decision, the Consumer Financial Protection Bureau (CFPB) will award all employees a gold star – regardless of their 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.
One wonders about the timing of such a decision involving such a costly change in procedure.
This development comes right before the agency is scheduled for a Wednesday hearing to investigate allegations that it practiced retaliatory actions towards certain employees. News reports have circulated that the alleged “discriminations” were race-based and that the CFPB implemented their new policies to alleviate that problem.
Apparently, the belief is that only racism can explain any disparities in employee evaluations.
It should be noted that CFPB Director Richard Cordray justified the change in procedure, saying there were broad-based disparities in the way performance ratings were assigned.
“These differences indicate a systemic disadvantage to various categories of employees that persisted across divisions, offices, and other employee characteristics.”