Washington Mutual – “The "Longevity Penalty" is in full effect at WaMu!”

Pros

The benefits aren't too bad and are in line with what I'm looking for.

Cons

The pay isn't great once you've been with the company for more than six months. The only way to be compensated fairly is to leave the company and then come back at what they would pay people coming from the outside. It's called the "longevity penalty"...

Advice to Senior Management

Do a better job at mitigating risks! Realized the type of talent you have here within the company and work with HR to find ways to reward that talent and loyalty instead of always looking to bring people in from the outside and pay them better. Make it more equitable accross the board.