My dilemma: 1) Give honest, unflattering feedback regarding Wells as a whole and possibly negatively impact my manager and my manager's manager, who are both excellent; or, 2) Lie, thus allowing Wells to insist that employees are actually happy.
Announcement SVB just emailed about
Sounds like all US IT will eventually report through Singapore.
Building a Cohesive Global Technology Organization
Saul, just say what we already know. Every scrap of IT is being aligned under India. No one is buying the corporate speak about strength and cohesion. We all know it is to cut costs. Not because this company is unprofitable, it is because the demand... — read more
Why employee happines matters!
Executives should pay attention: Happy employees are more productive (*) Happy employees area easy to work with Happy employees are more engaged Happy employees are more loyal Happy employees are healthier Happiness multiplies and... — read more
Is there any truth to October lay offs?
I have seen this date tossed around here - is there anyone with valid insight on this ???
I thought Charlie was The Golden Boy at JPM.
An old story, but I wasn’t aware Charlie was demoted at Chase. I also read news stories about Chase acquiring Washington Mutual as being “Charlie’s baby.” Chase was haunted for nearly 10 years with WAMU’s bad loans, which is probably why Jamie moved... — read more
Lotto Tix for everyone
How about Schart, POwell, and their minions on the OC buy each WFC one lottery ticket in the upcoming Mega Millions Powerball. It'll only be, what $300k at the most, which is chump change for them. They could probably find a way to write it off too... — read more
HR leadership Change!
Things are getting shaky out in NY! Hold on to your seat firmly or find a new one before someone sn---h it from you. Good bless!
WSJ / Inflation: Switch jobs to keep up with inflation
Source below... WSJ: Job Switchers Are Earning a Lot More Than Those Who Stay Even if you’re happy at your job, getting a new job for more pay is a good strategy as inflation eats into paychecks By Julia Carpenter July 25, 2022 5:30 am... — read more
Mid year reviews: how do they look so far?
Meetings with managers have to be concluded by this Friday. Did you have your’s yet? How was it? How much BS and non-sense was there?
This company is in trouble
This attitude is exactly where Charlie & Co have done the most damage at Wells Fargo. Leaders can’t stack-rank, threaten, cost-cut, over-work and offshore this bank into becoming a successful organization. Culture is such a critical piece to building... — read more
New study shows 40% of workers at risk of attrition
https://www.mckinsey.com/business-functions/people-and-organizational-performance/our-insights/the-great-attrition-is-making-hiring-harder-are-you-searching-the-right-talent-pools Upvote if you’re looking to leave, down if going to stick it out. My... — read more
More layoffs next week?
It seems to be a weekly thing, so I would be surprised if the answer is no.
Wells Fargo 401 plan
How does this plan compare to the other banks?
Don't worry if you had a bad week and have a bad weekend
Because, Friday is Hawaiian shirt day
Some parts of WFH are not cool
Working remotely permanently had been my wish ever since my managers started calling me back into the office. There was no possible way I would suffer through hours of commuting to feel awkward in an office again. My wish got granted at the... — read more
Mortgage Banking Does Not Exist Right Now
Everything is frozen. Nothing happens. Numbers are dismal. It'll be worse. It's just fu----g horrible. They are planning more rate hikes and we've already been pulverized. Where will this take us? It's so depressing.
Random Friday Advice
My husband and I started a new jo--t Google doc titled "Where Sh-t Is" and it is just a running list of where we've put random-but-useful odds and ends. It might be the smartest thing we've ever done as a couple. Maried for 14 years and this proves... — read more
Who here goes to work every day intending to WIN?
I’m in a job where my bonus is directly linked to sales production, and I show up everyday motivated to win business. It’s pretty fun. Who else has this mentality where you’re excited and motivated for the work day, and what do you do? I’m a... — read more
Inflation raises imminent?
Manager in my group received notices to prepare for raise conversations with employees Anyone know who is impacted? Salary? Non-exempt? Percentage? How much? Is there a salary cap where those over get nothing?
Pennsylvania County Could Become First to Divest From Wells Fargo Over Abortion
https://www.bloomberg.com/news/articles/2022-07-21/pennsylvania-county-could-divest-from-wells-fargo-over-abortion Truly shocked to hear that what Wells Fargo says they support doesn't actually align with where they put their money. /s
I am scared of my job now after reading this news "Bay Area home prices fell by about $200,000 - $300,00"
Recently I brought a home for 1.2 M in Bay Area. These are the news headings everywhere in youtube, google and in groups. Now MR. S* says "Everyone is Replaceable", I am scared of my job. Housing Market Crash, Another 2008 Housing Crash... — read more
Consumer Enablement Data Platforms
Anyone from Consumer Enablement Data Platforms on this board. How is the group? Culture? Backstabbing? Supportive? Management?
The Enemy is Adverse Selection
Wells Fargo is shooting for adverse selection vs. positive selection. Hire the right people or hire the wrong people? Polished wizard with an impeccable record or Conor Tolkin? What are we doing? We are not trying to attract the right people... — read more
Everyone is Replaceable? True or False?
We had an exec make this point, right... So, what do we think?
HR - Just a Reminder
HR has never been on the employee's side of things, they are charged with keeping the reputational damage and any perceived discriminatory employment practices to a minimum, their day will eventually come when they terminate the long term employee... — read more
What do compliance officers make?
Been interviewing for a role that sounds good
$96,600 Salary: Upvote for above, downvote for below
Let’s see How many team members we have on the page Where team members fall in pay Comment your job title if you’d like My prediction: 41 reactions (+28/-13) and mainly in IT
Massive Layoff October 20
Expect to see a WARN notice this month. Groups impacted are Control (significant), Operations - except contact centers, and non-business aligned marketing functions.
Mid Year
Has anyone had their mid year calibration discussion and received a salary adjustment/mid year promotion? Or heard anything about that happening?
Exit interviews
Are these a thing anymore? If leaving externally or even internally?
Managers paid less than individual contributors?
Does this happen often at Wells Fargo? I heard HR is performing a “compensation analysis” - is this true?
I'm still blissfully ignoring RTO
I do more than most of my teammates who are going in three days a week. There's no need for me to change anything about the way I work. If this is something they want to fire me over, so be it. They'll be cutting off their own nose to spite their... — read more
Managers! Do you get a report of your team on RTO?
I know, I know! I have read through all sorts of posts about RTO, not going in, reports, blah blah blah. But can a manager tell us what it looks like now (7/20)? Does it show IP addresses? Asking because I have been "sneaking" out after being the... — read more
Officer title?
How does one get an officer title? Any insight on requirements? I’m in middle of interview process for associate manager and recruiter says no, even though all the associate managers in the direct org have AVP titles. What gives? It would be nice to... — read more
A Q For Managers: Do you find it harder to manage remote work (if compared to in office work)?
I think remote is harder. I like working from home but managing work with people all around the place is hard.
Wells Fargo wealth management loses client assets and advisors in Q2
https://www.financial-planning.com/list/wells-fargo-wealth-management-sees-decrease-in-advisor-headcount-and-client-assets-in-q2