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A comment on CFPB's 1,700 employees told to "not perform any work". Parent comment
I highly doubt $14 bln is accurate, but even if it is, its only 70% over their carrying cost.
as a hiring manager in private sector, in order to justify headcount, the benefit must exceed 3x the carrying cost of an employee.
to hire $100k person, I must prove $300k benefit to the company at very least, and 5x benefit is more appreciated by management.
doesnt look like a good return at all honestly
1. https://crsreports.congress.gov/product/pdf/R/R48295/2
I highly doubt $14 bln is accurate, but even if it is, its only 70% over their carrying cost.
as a hiring manager in private sector, in order to justify headcount, the benefit must exceed 3x the carrying cost of an employee.
to hire $100k person, I must prove $300k benefit to the company at very least, and 5x benefit is more appreciated by management.
doesnt look like a good return at all honestly