It is a place to work, the benefits are ok. I had much higher expectations.
Cons
They are no where near competitive wages from other banks. A PB at WaFd makes less than a teller at other banks. When I found out I was making 5-6 dollars an hour under what my same job title is making at a bank less than a block away...and that was starting wages...I started looking for another job.
WaFd Bank Response
3y
thank you for your post, we have made changes to our compensation structure and will continue to do so
Primarily remote work. Decent PTO after the 4th year.
Cons
Limited staffing and limiting overtime opportunities until the bitter end of potentially missing deadlines, which you are guilted into working. 2% "raise" every January and ZERO merit raises. Gutted profit sharing and profitability bonuses over time. Most recent bonus, which is tied to net profit after dividends, was given a result when the scale was never published. All previous bonuses had a floor-to-ceiling profit scale that showed the targets months in advance of the end of the bonus period.
