The CFPB has issued its third annual report to Congress on its workforce. The Dodd-Frank Act requires the CFPB to submit an annual report that includes a Recruitment and Retention Plan, Training and Workforce Development Plan, and Workplace Flexibilities Plan.
Titled “Growing our Human Capital,” the report states that the CFPB had 1,302 employees as of the end of the fourth quarter of FY 2013. (The report notes that this number does not include interns which perhaps explains why it is less than the number of employees as of the end FY 2013 (1,335) reported in the CFPB’s Financial Report for FY 2013). According to the report, 47% of the CFPB’s employees are women and 34% of the CFPB’s employees self-identify as a minority.
In the report, the CFPB states that based on an “evaluation of web analytics data,” there has been “a dramatic increase in candidate interest in job opportunities at the CFPB.” The CFPB attributes this increase largely to its “enhanced recruitment strategy implemented over the past year.” That strategy is described as including the CFPB’s attendance at professional conferences, “holding large-scale recruitment events for high-volume positions,” and use of social media and the Internet.