Wells Fargo Claimed Company
The reason we wake up in the morning is to help our customers succeed financially and to satisfy their financial needs, and the result is that we make money. It’s never the other way around. read more
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Wells Fargo used to be a great place to work. Charlie Scharf wants to cut costs by running off good longterm employees so he doesnt have to pay severance. The 401k is matched only once a year. I was there 23 yrs and left after my boss told me she was not allowed to give me the perf rating I earned
What are some of the best things about your team?
Solid business and technical knowledge in the credit risk and risk engine team for mortgage. Wells Fargo ran off the quality assurance team - i mean all of them. So the developers and rule requirements folks had to step up and they did. They are top notch.
What's going wrong and how can it be improved?
The company has never been all that strong on customer service even though they say that the customer is number one. Cash and bonus for the executive team is number one. Number 2 is avoiding oversight and getting hit with more fines. Customers are maybe a 3 or 4.
What would you improve about your company's interview process?
Over my career there I intereviewed for many different posiitons. All of them start with the question about salary. Its backwards and I think it is intentional. They start by telling you they know what you already make and they aren't willing to pay for the job you will do, they keep you down.
Why do you feel undervalued and what would make you feel better about your compensation?
There is ALWAYS an excluse as to why the company cannot muster more than 1 or 2 percent raise. They used to say - well, the bonus makes up for it. Now they rate you low so you cant get a bonus. They dont pay for the performance many hard working folks have earned and they make you feel unworthy.
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