I have been working at Wells Real Estate Funds full-time (More than 10 years)
Unheard of and unequaled employee benefits; industry leader; employee dedication and professional commitment high with family-like camaraderie and mutual support
sigh...evolved to utter disappointment...company current condition is nighmarish case study of stubborn and unbending private control
Advice to Management
The benefits are like none that I've had before. Generous Paid Time Off, medical/dental paid in full - there are no monthly charges to employees or immediate family members under the plan.
Very conservative company. Women wear panty hose with suits and closed-toed shoes year around - men, no facial hair or tatoos and suits with ties every day. Employees are sent home or "counseled" if it is believed their suits are not within guidlines. The suit requirement is comical considering they have a "Wells Zone" with Wii exercise games to be used by employees. Who wants to do that in heels and hose? There is prayer before meetings and there are meetings just for the sake of meeting - a waste of time. And whatever the Owner, Leo's, whim is at the time, everyone must comply. And his "yes" men are all around him kissing his ring finger all day long....it's nauseating at times...really over the top. There is no drinking on company trips - where you are also required to share rooms with other employees of the same sex (very awkward if you don't know the person well), including the "gift" of going to Amelia Island every year (unless you have the PTO available not to go). At Amelia Leo gets to have his ego stroked for 5 days. You are not allowed to check into the hotel if you are in denim. You are also told what is best to wear and "Wells appropriate" for your travel. And god forbid you bring your boyfriend/girlfriend and try to get a hotel room together....you're in trouble if they find out. Unmarried couples must sleep in separate rooms. Professionally, the management at Wells is old school. They have great properties and some real talent on their payroll but the desire to adhere to the Southern Baptist, Good-ole boy mentality has restricted some and offended many (me included).
I think a long time ago Leo Wells heart was in the right place - and maybe it still is - but he loves himself so much these days that he cannot focus beyond himself and his generousity to see the bad company moral that is spreading throughout his company. Or heck....maybe he just doesn't care.
Advice to Management
Treat your employees like people. Listen to them - don't make them afraid to speak up for change!
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