Wachovia
3.1 of 5 651 reviews
www.wachovia.com Charlotte, NC 5000+ Employees

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2 people found this helpful  

Management Training Vaccume

Field Sales (Former Employee)
Oakland, CA

ProsBrand awareness, Nationwide company, Good reputation with Customers.

ConsThe "senior managers" acquired by virtue of the World Savings merger with Wachovia.

Advice to Senior ManagementProvide Management Training for senior managers, especiall former World Savings managers. Implement an MBO process; An administrative process whereby supervisors and workers jointly set goals and meet periodically to evaluate progress. Implement a "360 review process" where managers are rated by the people they supervise. This will reveal the depth and breath of the management problems at Wachovia. Require all managers to attend training that will identify and correct outmoded and outdated management practices that other companies abolished during the 80's and 90's. Lastly, stop promoting "top producing salespersons" into management positions unless and until they have completed an extensive EVALUATION of their ability to manage people, and have adheared to a rigerous leadership training curriculum inclusive of an evaluation process.

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    2 people found this helpful  

    Escape while you can!!!!

    Vice President (Former Employee)
    Charlotte, NC

    I worked at Wachovia


    Pros: Weather in Charlotte,Banking can be fun Cons: Politics are ridiculous. How some of these managers tie their shoes in the morning is a mystery. They switch IT stratgies every 6 weeks, they… Advice to Senior Management: Please go and ruin another company, as BOA as kicked… More
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    3 people found this helpful  

    Great in Customer Satisfaction, what about Employees

    Assistant Manager (Former Employee)
    Irvine, CA

    I worked at Wachovia


    Pros: The best reasons to work for Wachovia are the benefits and hours of operation. I previously worked for World Savings and the transition went from… Cons: The pay, the promotions are based on tenure or favoritism, and no upward career progression. Being employed in the Orange County area of Wachovia, I… Advice to Senior Management: Conduct monthly performance evaluations on Managers. No, I would not recommend this company to a friend More
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