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Wednesday, May 28, 2014

Everyone gets a gold star

The Consumer Financial Protection Bureau has scrapped its employee rating system and will now award all employees a 5 (on a scale of 1-5) on their annual performance review.  See this article:

All employees will now and in the future get the maximum merit ratings and associated raises.  The change is retroactive so employees that received a rating lower than 5 at their last review will receive a “make up” check.

There is a back story here.  The CFPB is currently undergoing a discrimination probe for alleged discrimination in the review (rating) process.  The CFPB claims the decision to scrap the rating system is NOT related to the probe.  That claim strains credibility past the breaking point.

Regardless of the CFPB’s motives the decision is a jaw dropper. 


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