Toxic, Bigoted, Homophobic, Women Hating White Boys Club - Employee WaFd Bank Employee Review

1.0
Jun 10, 2023
Recommend
CEO approval
Business Outlook

Pros

Not a thing, though some of the employees who have drunk the cool aid would tell you otherwise.

Cons

Where to begin... I think my headline sums it up nicely, but - DEI... The company decided to remove the "E" from the Diversity, Equity, and Inclusion Committee, because apparently Equity is not important to them, and it shows! I have it on good authority that the company LIES on its EEO reports, and I don't believe that's the only report they're lying on. Pay... Wages across the board are MINESCULE. Raises this year did not even keep up with the rising cost of inflation, but management said the new commercial bonus structure (125%) would make up that difference. The only problem is, management LIED. A week before the spring term payout they rolled back the bonus plan as it was "too generous" and instead paid employees a 50% maximum on six months' salary (even though it was supposed to be on twelve months' salary). Additionally, the money owed was split again to be paid 50% in May and the remainder in November. WE'LL SEE! Management has pitted teams against each other, and morale is at an all-time low. This isn't a surprise since we were told "Do not expect an additional bonus in the fall". They pride themselves on keeping their foot on the necks of anyone who isn't a white male, and part of their little boy's club. The Morman nepotism runs rampant in both hiring practices and clientele. On top of the low pay, benefits suck. It’s a 60/40 split on medical premiums. Sure, go ahead and take more money out of my bottom line, while the CEO receives an accelerated bonus payout and a 60% salary increase in 2022. “Tuition reimbursement” LOL that’s what they’re calling it, but it’s really a loan that requires you to stay on as an employee for three years. Another way they are keeping their foot on the necks of the disenfranchised. Maternal/Paternal leave…. You have to exhaust your vacation time first before maternity/paternity leave kicks in. 401K company contribution was recently lowered from an 11% company match to 7%, further reducing employees bottom line after a measly 4% salary increase for 2023. Do yourself a favor and apply for work elsewhere. There are better companies out there.

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WaFd Bank Response
3y
Thank you for your post. I am sorry this was your experience at WaFd Bank. I would respectfully disagree with several of your positions but I am not certain that would be productive. I wish you the best in your next opportunity.

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5.0
Mar 18, 2026
Anonymous employee
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Pros

The leadership at all levels is outstanding

Cons

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2.0
May 28, 2026
Recommend
CEO approval
Business Outlook

Pros

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.

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