Wells Fargo - So far so good. | Glassdoor
There are newer employer reviews for Wells Fargo
There are newer employer reviews for Wells Fargo

See Most Recent

"So far so good."

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Anonymous Employee in Boston, MA
Current Employee - Anonymous Employee in Boston, MA
Recommends
Approves of CEO

Pros

Large organization with opportunity for advancement

Cons

benefits including health coverage NOT great

Other Employee Reviews for Wells Fargo

  1. "Not bad, but better when it was Wachovia"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Licensed Banker in Saint Petersburg, FL
    Former Employee - Licensed Banker in Saint Petersburg, FL
    Approves of CEO

    Pros

    There certainly was some truth to the phrase "banker's hours." The benefits provided by Wells Fargo and Wachovia were fantastic. New full time employees automatically had 19 days of PTO, but there were no sick days so you would have to use PTO time. There is a very good level of friendship overall. You'll never get along with everyone you work with; however, 90% of the employees at the retail level got along very well.

    Cons

    The toughest thing to deal with was the incentive compensation plan. For individuals hired under Wells Fargo and not Wachovia the incentive and base salary levels may be acceptable; however, for those that were originally Wachovia retail employees there was a considerable drop in bonus levels. Also, it could be region specific, but the expectations and goals went through the roof beginning in 2011. The metrics that each person was gauged on made it nearly impossible to reach incentives. Also, for an internal promotion the salary increases were so negligible that it nearly made no sense to work towards a promotion.

    Advice to Management

    The upper levels of managment really need to reach out to the retail employees to get a feel for what real expectations should be for each end of the spectrum.


  2. "Can be great depending on your branch and manager."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Personal Banker I in San Francisco, CA
    Current Employee - Personal Banker I in San Francisco, CA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Great co-workers. Up to date technology compared to other banks. My branch manager is very supportive. Wells Fargo brand has prestige.

    Cons

    Wells Fargo brand also has a lot of baggage. If you are in a branch with low walk-in volume you will spend a lot of time on the phone trying to get existing customers to open more accounts in order to make your daily sales volume. Very difficult to provide good customer service and make sales goals. Gallup surveys of customers require a perfect 5 out of 5 in 5 different metrics to pass. One 4 and the survey is failed. Some managers encourage sleazy tactics in order to meet sales goals. New account pricing making it more expensive for people with low account balances to bank. Cross-selling of insurance products like renter's and homeowner's insurance now mandatory.

There are newer employer reviews for Wells Fargo
There are newer employer reviews for Wells Fargo

See Most Recent

Work at Wells Fargo? Share Your Experiences

Wells Fargo
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or