Wachovia - Management Training Vaccume | Glassdoor
There are newer employer reviews for Wachovia
There are newer employer reviews for Wachovia

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Helpful (2)

"Management Training Vaccume"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Field Sales in Oakland, CA
Former Employee - Field Sales in Oakland, CA

Pros

Brand awareness, Nationwide company, Good reputation with Customers.

Cons

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

Advice to Management

Provide 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 Require all managers to attend training that will identify and correct outmoded and outdated management practices that other companies abolished during the 80's and 90's. Lastly, stop promoting "top producing salespersons" into management positions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.

Other Employee Reviews for Wachovia

  1. "Wachovia is a great bank to work for."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Specialist in Miami, FL
    Current Employee - Financial Specialist in Miami, FL
    Recommends

    Pros

    It is a great company to grow with and has many benefits compared to other large banks in the industry.

    Cons

    You many times work past a regular forty hour work week and do not get paid overtime.

    Advice to Management

    To find a better way to communicate information.


  2. Helpful (2)

    "Great company, but bad time to shift career into sales job with a low salary..commissions are being cut left and right"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Licensed Financial Specialist in Tampa, FL
    Current Employee - Licensed Financial Specialist in Tampa, FL

    Pros

    Compentation for performance is higher than most banks at the personal banker level. Also, the financial center manager is not your direct supervisor. Also, you have room to specialize in small business, investments, leadership, consumer loans, etc.

    Cons

    Constant slashing of incentive pay, decrease of incentive based on overall branch service scores despite personal performance, decrease of incentive based on "book of business" decline. Combined, these two reductions can be as much as a 40% overal decrease in your incentive for the month. Now, Wachovia has priced themselves out of the loan market due to their purchase of Golden West

    Advice to Management

    None

There are newer employer reviews for Wachovia
There are newer employer reviews for Wachovia

See Most Recent

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