Wells Fargo reviews

They promote work life balance but it’s impossible given aggressive objectives you must meet. Pay inequity is abundant because they hire externals at much higher compensation while internals who are performing and have dedicated years to the company are not given sufficient increases and are capped at 3%. As a Recruiter I need access to salary information and see this first hand with hiring. Change management is unorganized, they constantly implement new processes that do not improve efficiency and they frequently reorg teams (I’ve had 7 different managers within my 8 years here). Procedures they create are overly complicated and unnecessary which makes it difficult to complete simple tasks and decreases productivity. Since Charlie Scharf became CEO he is changing all aspects of the culture that employees coveted such as removing team building functions (except at the executive level), eliminating focus on employee development, withholding 401k match until year-end, laying off hundreds of talented employees due to location strategy, stopping stagecoach interactions for volunteer events, and closing the WF museums erasing the pride and history of what the founders built. There’s extreme pressure and unrealistic timelines on leadership which is impacting employees down the chain and leading to burnout. Charlie seems to be only focused on the bottom line and employees are just a number now. You are not valued no matter how hard you work. This is no longer the Wells Fargo and the culture I was excited to join 8 years ago.

Downside would be the ever growing regulatory requirements that makes being productive more difficult and complicated. But I believe WFA has responded with tools and technology to make it as easy as possible, but that said, it's still challenging.