Wells Fargo

  www.wellsfargo.com
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2 people found this helpful  

Great place to work, but limited internal growth potential

Operations Analyst III (Current Employee) Charlotte, NC (US)

ProsThe people are great. The company is strong and stable. There are many job types and opportunities within the company. It's a great place to get experience.

ConsThere is an internal policy that limits growth of the employees to about 15% for internal promotions. This isn't an issue if you join the company at a reasonable market rate, but if you are planning on starting at the bottom and trying to work your way up, you will quickly find that you will always be at the bottom. The consensus from employees I have spoken with is that the best way to earn a respectable salary is to leave the company and come back at a decent rate. I know two individuals who did this and doubled their salary in one year, keeping in mind that they were severely underpaid to begin with.

Advice to Senior ManagementTry to build a better culture of talent retention. Too many great employees leave because of the rigid compensation policy. Just because you get a bargain rate on an employee to begin with doesn't mean that you should hold them at the bottom for the rest of their career. The smart employees will always leave for better pay, and you will be left with the least ambitious, least talented people working for you for the long term. This does not seem to be a very good recipe for success.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

     

    Manager

    Anonymous Employee (Current Employee)

    I have been working at Wells Fargo


    Pros: great pay and benefits, professional development opportunities. Cons: can be number not a person in large organiztion More
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Great to work for

    Loan Secretary (Former Employee)

    I worked at Wells Fargo full-time for more than 5 years


    Pros: Brank was located in a small rural community. Management was always willing to work with me when time off was needed for… Cons: Holiday work schedules are not great such as the day… More
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