4 ms·

Where did you get the salary figure and headcount? Neither seem to be correct.

by alphabettsy 2y ago

slt2021 2y ago
budget from the attached report, headcount from the title of post, you can ask chatgpt also
- unsnap_biceps 2y ago
  That budget amount seems to include benefit costs as well, healthcare, pension payments, etc. Fortunately payroll is public data! We can look at their pay bands and employee salaries. https://www.consumerfinance.gov/about-us/careers/pay-scales/ https://www.consumerfinance.gov/about-us/careers/pay-scales/ And data around who made what > In 2023 the Consumer Financial Protection Bureau (CFPB) reported 1,282 employees making more than $100,000 per year; the average salary was $134,723. The highest reported pay for the federal agency was $259,500 for Janis Pappalardo, Miscellaneous Administration and Program. The Consumer Financial Protection Bureau (CFPB) in 2023 ranked 32nd in the nation among highest paying federal agencies and 43rd in the nation for overall highest paying employers. https://openpayrolls.com/rank/highest-paid-employees/consumer-financial-protection-bureau https://openpayrolls.com/rank/highest-paid-employees/consume... You may still think they're overpaid, but they're vastly under the 250k per head you estimated.
  - slt2021 2y ago
    benefits, healthcare, pension - all are part of the labor cost, as in if you fire a person - you no longer carry these costs, and if you hire more people => you will have to carry increased benefits expenses. I am not interested in detailed paychecks, as I am not evaluating efficiency of individual employees. Just the department's efficiency in general, thats why it makes sense to divide totals as this is what taxpayer is paying in the end
    - unsnap_biceps 2y ago
      You are talking specifically about salaries in your comparisons. Apples to apples means you should also only talk about salaries for the CFPB. > which ~ 250k/head, which is bigger than the salary of the Speaker of the House. > 250k average pay is unheard of in the federal government As the data I linked, their salary amounts is on the lower end of federal agencies. I get you don't think they're worth the cost, but you can't claim they're radically overpaid compared to other federal agencies. The data just does not back up that claim.
      - slt2021 2y ago
        its not "on the lower end". From https://openpayrolls.com/federal/consumer-financial-protection-bureau https://openpayrolls.com/federal/consumer-financial-protecti...: The average employee salary for the Consumer Financial Protection Bureau (CFPB) in 2023 was $134,723. This is 87.8 percent higher than the national average for government employees and 74.7 percent higher than other federal agencies. top quartile of the pay bracket. ok maybe they are not all overpaid, but the agency is over bloated for its mission and what could be accomplished with the resources they are using

Where did you get the salary figure and headcount? Neither seem to be correct.

slt2021 2y ago

budget from the attached report, headcount from the title of post, you can ask chatgpt also

unsnap_biceps 2y ago
That budget amount seems to include benefit costs as well, healthcare, pension payments, etc. Fortunately payroll is public data! We can look at their pay bands and employee salaries. https://www.consumerfinance.gov/about-us/careers/pay-scales/ https://www.consumerfinance.gov/about-us/careers/pay-scales/ And data around who made what > In 2023 the Consumer Financial Protection Bureau (CFPB) reported 1,282 employees making more than $100,000 per year; the average salary was $134,723. The highest reported pay for the federal agency was $259,500 for Janis Pappalardo, Miscellaneous Administration and Program. The Consumer Financial Protection Bureau (CFPB) in 2023 ranked 32nd in the nation among highest paying federal agencies and 43rd in the nation for overall highest paying employers. https://openpayrolls.com/rank/highest-paid-employees/consumer-financial-protection-bureau https://openpayrolls.com/rank/highest-paid-employees/consume... You may still think they're overpaid, but they're vastly under the 250k per head you estimated.
- slt2021 2y ago
  benefits, healthcare, pension - all are part of the labor cost, as in if you fire a person - you no longer carry these costs, and if you hire more people => you will have to carry increased benefits expenses. I am not interested in detailed paychecks, as I am not evaluating efficiency of individual employees. Just the department's efficiency in general, thats why it makes sense to divide totals as this is what taxpayer is paying in the end
  - unsnap_biceps 2y ago
    You are talking specifically about salaries in your comparisons. Apples to apples means you should also only talk about salaries for the CFPB. > which ~ 250k/head, which is bigger than the salary of the Speaker of the House. > 250k average pay is unheard of in the federal government As the data I linked, their salary amounts is on the lower end of federal agencies. I get you don't think they're worth the cost, but you can't claim they're radically overpaid compared to other federal agencies. The data just does not back up that claim.
    - slt2021 2y ago
      its not "on the lower end". From https://openpayrolls.com/federal/consumer-financial-protection-bureau https://openpayrolls.com/federal/consumer-financial-protecti...: The average employee salary for the Consumer Financial Protection Bureau (CFPB) in 2023 was $134,723. This is 87.8 percent higher than the national average for government employees and 74.7 percent higher than other federal agencies. top quartile of the pay bracket. ok maybe they are not all overpaid, but the agency is over bloated for its mission and what could be accomplished with the resources they are using