" If Wells Fargo is to rebuild the nation's trust, it must be willing to invest in its employees, and raises of 1-2% do not show such a commitment." - Alex Ross, Wells Fargo employee
I worked there for 9 years and between 1 amd 4% was the standard
I used averaged 4-5% raises from wells Fargo except years when they have fines or lawsuit against them and now it's 1.5% yet upper management still get nice raises
Its pretty much standard in all of retail.
Unfortunately those types of raises seem to be a standard in banking
Years ago we got 4% increases....With all the bonuses like what sloan got, don't ever expect a nice pay rsise!!!!
That type of raise is standard across most companies, not just in banking.
The suspension of goals and metrics for frontline workers at Wells Fargo comes just days after our groundbreaking report highlighting how a toxic work environment still exist.
“The suspension of these goals and metrics is a huge victory for my co-workers and me, who have long pushed for Wells Fargo to end the high-pressure, stressful environment that makes it so hard for frontline workers to get the job done. We are all so grateful to U.S. Representative Cindy Axne, who pushed Tim Sloan on those metrics in Tuesday’s hearing. It’s moments like these that I joined CBB for—so that Wells Fargo workers on the front line can raise our voices and move the bank to change and do right by its customers. This moment shows how Wells employees coming together can make a lasting impact, and that our voices are critical to truly re-establishing the bank.” - Mark Willie, Wells Fargo employee
They are no different than any other bank or credit union. It’s a shame
Big fallout from Wells Fargo's CEO Sloan’s testimony! Congresswoman Maxine Waters has called for Sloan’s removal. Speaking out has power, when we draw attention to the issues facing bank workers, people listen!
Following the announcement that Wells Fargo CEO Tim Sloan received $2 million in performance-based incentive pay for 2018, and total compensation of $18.4 million for the year, Congresswoman Maxine Waters said, “Given Wells Fargo’s continuing failures, it is outrageous and wholly inappropriate that the bank has rewarded Mr. Sloan with a $2 million bonus for 2018, a year in which federal regulators and authorities capped the bank’s growth and fined the bank more than $3 billion .... Mr. Sloan shouldn’t be getting a bonus, he should be shown the door.”
Wells Fargo CEO Tim Sloan got a pay raise to $18.4 million as problems mount, shares tumble
cnbc.com
Charged with cleaning up the fake-accounts scandal that claimed his predecessor, Sloan has struggled to satisfy regulators' demands to overhaul the sprawling institution.
Meanwhile I received a 28 cent per hour raise
And he had the nerve to refuse to shake our hands, the front line bank workers. We shall continue our fight against this deeply corrupt bank until we win!
Move onto Bank of America. Leave wells alone
They are cutting the income of retail employees to pay bonuses to the executive!!! I would also be interested in learning how much Mary Mack made !!!
2 million dollars is nothing compared to the 19 million in bonuses John stumpf
Surprise, surprise, surprise! It's unfortunate that the woman showcased on the television story will never get a dime. She was the first whistle blower and lost her job and incurred lots of legal fees.
Isabel Azevedo, Scarlent Molina
My bonus working for Chase bank for two years was $150. Jamie diamond???????
Wait till you see his bonus this year
Zach Jenkins Ednalesse Y. DeJesus
We are extremely proud of Committee for Better Banks Alex, Meggan, Mark, Lee, and Killian! These courageous frontline workers from Wells Fargo were in DC on the Hill this week for the Tim Sloan hearing. Over the course of two days, they delivered our #WheelsAreOffWF petition to Sloan and spoke with representatives like Congresswoman Rashida Tlaib, Congressman Chuy García, Senator Sherrod Brown, Katie Porter, and U.S. Representative Cindy Axne about their experiences and the changes they want to see at Wells Fargo.
🚨BREAKING🚨
Right after the Wells Fargo hearing yesterday, multiple departments confirmed goals/metrics are being suspended indefinitely. We demand this change all across Wells Fargo! #WheelsAreOffWF
Wells Fargo C.E.O. Is Grilled on Capitol Hill
nytimes.com
Timothy J. Sloan testified before a House committee, the first in a parade of bank executives summoned by Democrats.
Kellie McNaught Schweitzer
Unfortunately this "growth and goals" based culture is showing up in all banks. It is all about new revenue. The constant sacrifice of clients and doing what is right is being further eroded for the bottom line.
Why not all banks? Why only wells fargo? All banks has crazy goals and unfair metrics.
This should be all across the banking industry.
Alexandria Capri-AgostoAlexandria welp
Tyler Sasser
Rachel Przybylek
#fuckwellsfargo
Not shocking. Right before we were laid off, the sales culture started trickling back in
Told you they didn’t change
Power to the people (employees)!✊✊✊
Barbara Krebs
Wade Mortensen what??
Sherry Ouimet Torrano