Wachovia Reviews

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Wachovia Chairman and CEO John G. Stumpf
John G. Stumpf
1 Rating

Pros
  • Wachovia was very committed to work-life balance (in 42 reviews)

  • Work/life balance, good benefits (in 53 reviews)

Cons
  • Upper management is blind sometimes (in 17 reviews)

  • micro management like i've never seen (in 16 reviews)

More Pros and Cons

8 Employee Reviews

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  1. Unhappy

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Service Manager in Jacksonville, FL
    Former Employee - Service Manager in Jacksonville, FL
    Doesn't Recommend
    No opinion of CEO

    Pros

    The best reason to work at Wachovia was our customers and my team members.

    Cons

    Complete lack of affective and effective management. Complete lack of truthful communication. In some cases extremely poor management skills.


  2. Great opportunity for young male sales people.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Tampa, FL
    Current Employee - Anonymous Employee in Tampa, FL
    Doesn't Recommend
    No opinion of CEO

    Pros

    Great benefits. Salary is competitive.

    Cons

    Management focuses on sales results only. Little training is provided to employees that are competent and responsible to improve their sales abilities. These employees are threatened and quickly managed out.

    Advice to Management

    Manage your resources by identifying employee talents and provide opportunities for employees to get better at their jobs. Many good employees have left based on narrow minded leadership.


  3. Helpful (1)

    You never know when you have to stay late or when you can take time off

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Personal Banker in Sarasota, FL
    Current Employee - Personal Banker in Sarasota, FL
    Doesn't Recommend

    Pros

    micro managed, 3 months black out for pto, time off if approved not timely

    Cons

    no real chance of making goals or making commisions- set the bar so high- hours of calling customers by phone

    Advice to Management

    Its human nature to not give when you force employees to work 6 days a week floating holidays are joke


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  5. "The Puppet Makers"

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Fort Lauderdale, FL
    Current Employee - Anonymous Employee in Fort Lauderdale, FL
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Paid time off and benefits, with the exception of the company stopping pensions since Wellsfargo takeover. Better than unemployment.

    Cons

    No communication between manegment and subordinates, low pay for expectations, poor incentive program, unqualified management, promotions based on who you know as opposed to qualifications for the job..You must be a Wachovia/Wellsfargo cheerleader with no opinion of your own to get ahead.

    Advice to Management

    Look at your employees as assets instead of liabilities, stop thinking only of your own pockets Try improving your own management skills before you try to micro manage your employees. Lose the attitude " your lucky you have a job". Stop managing by fear.


  6. Don't work Here

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Teller in Orlando, FL
    Former Employee - Teller in Orlando, FL
    Doesn't Recommend

    Pros

    The benefit package was great for health care. However they charge you before and after tax if you have family members on your benefits. They charge you extra for taxes and then reduce at the end of year to save themselves money.

    Cons

    Management has no clue what they are doing. I worked in a branch that everyone had to ask twice on how to do there own job.

    Advice to Management

    Get a real job


  7. See for Yourself

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Commercial and ATM Teller in Jacksonville, FL
    Former Employee - Commercial and ATM Teller in Jacksonville, FL
    Doesn't Recommend
    No opinion of CEO

    Pros

    Pay and benefits are great you also get paid time off which is also great and it is a secure job.

    Cons

    You take on more responsibilities that what you are paid for, they even deny requests for emergency dental surgery. most branches are short staffed so you work overtime a lot.

    Advice to Management

    Work a week in the modern teller's shoes and see what it's like with all the work you put on them when you have to do all that you ask of them.


  8. I was very disapointed after almost 6 months of employment.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - PT Teller in Fort Myers, FL
    Current Employee - PT Teller in Fort Myers, FL
    Doesn't Recommend
    No opinion of CEO

    Pros

    Store manager was very nice as well as most of the office staff.

    Cons

    Senior management is horrible. Their expectations of their employess are unreasonable. I only took a teller position to get into a company that I thought would be worth the effort put in to advance. After seeing how upper level management treats their employees, I was horrified. My store manager, as well as the personal bankers, have been brought to tears on more than one occasion due to unrealistic goals, stress, being overworked and it just seems that management is NEVER satisfied, even when goals are met. If the bankers miss their goals, they are punished by being forced to come in on their Saturdays off for these "Call Labs" , or they must stay late every day!! I have never worked for such terrible people. I think all upper level management should be required to take Saturday classes, on their days off, on basic humanity!! What ever happened to treat people how you expect to be treated. Anyway, I gave my notice and got another job!

    Advice to Management

    Treat your employees with more kindness. There are many talented people who work for you, and people are more than just numbers.


  9. Did the right thing during a tough time for the company.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Miami, FL
    Current Employee - Vice President in Miami, FL
    Doesn't Recommend
    Approves of CEO

    Pros

    Good benefits, consistent communication from senior management on the status of the company.

    Cons

    No apparent career opportunities. Everything is on hold pending the Wells Fargo merger. The company has a very short term focus. It's only about making the numbers this quarter. Never about making a business plan and staying with it long term. Never about building for the future and developing people for the future.

    Advice to Management

    Value employees at least as much as you value shareholders. When employees are treated as though they are expendable, they will have no commitment to their work.



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