Wells Fargo Reviews

Pros

A stable company to work for.

Cons

Not a lot of opportunity for growth. Company my even be too large.

Advice to Senior Management

Get a good understanding of employees skills and talents they bring to the table.

Pros

-stable
-relaxed atmosphere. Not too stressful.

Cons

-slow processes make it hard to get things out the door fast

Pros

Good people to work with
Paid training
401k match of company stock
Limited but few opportunities
Group health insurance through your own funded health savings account

Cons

Most client facing positions have very aggressive sales goals with limited or no support to service clients. You will sacrifice time and vacation to meet goals trying to do servicing/ maintenance especially as through cost saving measures workloads have doubled Unfortunately good work isn't rewarded but many times the unethical sales practices are encouraged. Pay raises are minimal or non existent once you reach a mid-point while mid and senior managers enjoy stock options and percentage increases double or triple the minions

Advice to Senior Management

Go back to basics and look at the company cost of retaining a client and providing good service vs trying to get a new one. Think about the long hours employees are working. Revisit how client interacting bankers had authority to review and approve credit and waive a $35 overdraft fee caused by a bank error. Provide incentive for retaining clients

Pros

I love my job, but management really needs to do something about acknowledging the achievements of the many minions that do all the dirty work.

Cons

The minions (me included) do almost all the work. When results are positive, management takes the credit. When results are negative or non-existent, we get the blame.

Advice to Senior Management

When results are positive, management should share the credit. When results are negative or non-existent, managemen should take the blame because we are simply following mandates.

Pros

LOTS of entry level positions available for those who need a job change. Company, in general, is gay friendly. Company allows team members to volunteer and pays them to do so.

Cons

Management is hand held most of the time; too afraid to make decisions without getting prior approval from Senior Management.

Advice to Senior Management

Let your people lead. They're in those positions because you put them there, so let them run their teams. It will be ok.

Pros

Size/scale and associated opportunities to explore career options internally, external reputation

Cons

there's a high value placed on consensus building which often masks the intrinsic inefficiency associated with a bloated leadership structure

Advice to Senior Management

it would be good to see WF either fully embrace centralized technology ownership, in the appropriate technology stacks (ie network, computing other commodity services), or eliminate it accordingly, as opposed to playing somewhere in the middle. this ambiguity breeds discord, fiefdoms and repetitive/wasteful analyses

Pros

Generous PTO
Attractive 401k
Great place to learn new technologies and develop new skills that will last a lifetime
People that work there are great to work with
Telecommute option in some areas

Cons

Lack of any sort of promotion after 6 years of performing well above my level and getting outstanding reviews. I understand there is a freeze going on and the economy is junk, but I need something more than just a 2% raise and a pat on the back to keep me motivated. Time to move on to a more competitive company.

Wells Fargo is still going through some major restructuring with the Wachovia merger, so there are massive changes going on. Not the same company I started with 6 years ago.

Pros

large company that appears to have a stable foundation. good brand name, strong volunteer/corporate giving presence. good staff on the floor supporting the goals of the company.

Cons

Managers seem to ruin the environment. somehow the leadership continues to get in the way of the success of the company. constant rah rah in what a great company we are but no really employee support, no giving back to the employees, benefits get worse each year, no raises and constant reorganization.

Advice to Senior Management

take a good look at the leadership and middle management you have in the company. managers should be better than just cheerleaders - they should be mentors and coaches helping people get to the next step in their career not just the next file on the desk.

also, people should not be held back just becuase they are performers and told they will be missed too much by the team. they should be rewarded and encouraged to move on to better things and maybe they can help train others how to succeed the same way if put in a leadership role rather than passed over again and again.

Pros

good benefits, well known company, training program is top notch, you work bankers hours, so weekend and holiday off, people trust the brand

Cons

very competitive and hard to reach sales goal, micromanaged from top down, demand for more and more brings conflict of interest of putting customers first

Advice to Senior Management

do whats right for the customer while meeting sales goals is a conflict of interest. we are not evalued on how well we treat our customers, instead it is how many products we can sell to them.

Pros

Flexible schedule, telecommuting, focus on one specific area of technology, 401K program

Cons

opportunity for advancement, social nepotism, more concerned about dollars then about people or doing the right thing unless they will get slapped by regulators

Advice to Senior Management

get to know your product area, and rely on your subject matter experts. support your team and communicate corporate information downstream