Wachovia Reviews in Miami-Fort Lauderdale, FL Area

Pros

The hours were great! Banker's hours and bank holidays are true blessings

Cons

Not as flexible with school schedules as they say they are

Advice to Senior Management

Pay tellers more per hour to reduce money losses. Tellers are responsible for upwards of $25,000 per day being paid only $12 per hour...

Pros

Great promotions. Quick promotions. Alot of benefits.

Cons

The incompetence of management. Impossible hours / goals.

Advice to Senior Management

Be smarter.

Pros

Bankers hours, being able to build relationships with customers, a small setting which allows for a feeling of family if working with the right people, paid holidays. With the right management and no micromanaging, it had the potential of being a great job.

Cons

If you were really good at your job, then promotions were not offered because you were filling a need in your current position. There are many years with no raises and its blamed on mergers. It is my personal opinion that yearly reviews are done in a matter that justifies no annual raise. You cannot rely on mngmt's promise of advancement. It is placed before you like a dangling carrot so that you will go above and beyond but when the time comes, it does not come through. There was a lot of animosity between management and other workers.

Advice to Senior Management

Please encourage workers with possibilities of advancement not morning meetings where you are told you will lose your job if you don't open accounts.

Pros

Benefits package is nice. PTO and prescription drug. Pay is ok

Cons

It is a sales position. Customers do not matter, hit your goal at all costs!! Every hour your manager asks how many accounts you have. Managers do not help with customer issues, they pass the issues on to the bankers and are not very well trained. Most managers do not have recent experience as bankers or tellers. They do not know company policy and state it is their job to "help get the numbers" not to help with customer issues. Constant misinformation---policies are changing daily. Commission is more or less unobtainable.

Advice to Senior Management

Train your staff and care about the customer. They are why we have jobs. Take responsibility.

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 Senior 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.

Pros

The pay check never bounced.

Cons

Required overtime, however due to laws, they do not pay for the overtime hours.

Advice to Senior Management

need better leadership in Broward cty.

Pros

Wachovia was a great company to work for until Wells Fargo took over! The pay is okay and the benefits a great.

Cons

SALES!!! SALES!!!! SALES!!! Wachovia used to focus on service but since Wells Fargo took over it's all about shoving products down customers throats!

Advice to Senior Management

Treat your employees with respect. I always felt like I gave 110% but it was never enough for upper management.

Pros

Fortune 500 company and benefits

Cons

never get time off bc everyone is seniority above you or there is a mtg. and your managers dont do crap they just push all pressure on you. every branch is different but generally working there sucks. many dont leave/quit because the pay is decent in this economy.

Advice to Senior Management

get a degree and learn to respect ee's they are you best assets

Pros

The friends youll make with the employees, relationships with the customers and the closing of sales for your deals.

Cons

Unethical conduct by employees and sometimes certain management personel. Ranging from crossing certain boundaries to get the sales to flat out crimes. Also,

Advice to Senior Management

Try not to get as bad as some of the other institutions in nickel and dimeing the customers. Also, tellers tend to be a low point it seems compared to other banks, on average.

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 Senior 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.