Thread regarding Wells Fargo & Co. layoffs

Employee review process is fundamentally flawed and highly subjective.

To hire a new employee, Wells requires consensus among 3 interviewing managers to give every candidate a fair shake and eliminate any potential biases.

And yet, when it comes to a process as important as reviewing your work performance for the year, you only get one person’s subjective opinion. With all the complexities of your job, it all gets boiled down to an overly- simplistic rating of 1 through 5. It depends on the reviewing manager’s mood that day, if your manager is a fair- minded individual, whether your manager takes the time to do it properly and takes reviews seriously, and the process is subject to a manager’s multiple subconscious biases.

Managers are human and intuitively :1 Prefer people who have qualities similar to themselves. 2 Focus on your most recent good or bad performance vs the entire review period. 3 Tend to rate employees based on their historical performance level.

My point? This is the year to start taking the details of your performance, your performance review, and the resulting numerical rating seriously. At least in our area, they were not previously taken all that seriously. You know, if Wells capped raises at 2% -for the most part that is what you were going to get. But this year, they are putting a lot of emphasis on mid-year reviews and that is not random. I absolutely think your rating will be taken in to consideration for all upcoming decisions: primarily layoffs, but also raises and bonuses. It is the dawn of a new era.

If you think you have may been rated unfairly, I personally wouldn’t just let that stand. I would respond respectfully and stay open- minded for ways to improve. But I would also stand up for myself in writing if necessary and ask that it be included in your file. Research how to do this successfully. You certainly don’t want to antagonize your boss, but don’t let them give you a 2 or 3 rating if you can strategically make a fair case for a higher rating.

And I would start preparing now for your next review. Someone once told me to maintain a detailed log of your accomplishments, contributions, successes, compliments, progress on goals, ideas that saved the firm money or solved a problem, risks saved. And pull it out come review time. Some of us were raised to “not brag on ourselves” but now would be the time to do it. The guys upstairs have no problem praising themselves, believe me. I know this is difficult given the current uninspiring environment, but if you won’t stand up for yourself - who will? It may or may not matter in the end, but don’t make it so easy for them to eliminate your position if you need the job.

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| 1878 views | | 5 replies (last August 10, 2020) | Reply
Post ID: @OP+16nWtojV

5 replies (most recent on top)

@nwh: I winced when I read your comment. And yet, I completely agree. Sad but true. I have watched it play out time and time again over the years. Ask your boss “Have you been working out?” It works every time 😂.

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Post ID: @dfo+16nWtojV

Some life advice, s-ck up early and s-ck up often. What matters to your career track at THIS job are the opinions of the people with the ability to promote or fire you, unless your plan is to jump at earliest possible opportunity, and even then you want a good reference and potential network hookups.

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Post ID: @nwh+16nWtojV

Yup, it is not fair. So it goes.

It is a very good idea to keep a list of accomplishments handy and champion for yourself. Don’t depend on anyone else to do it for you.

It is also a very good idea to keep your resume up to date, and to always be looking at what’s out there. There are good reasons to do that even if you are at a great organization with no intention to leave.

No one is irreplaceable. Things change. Fair or not, the CEO wants to cut a lot of positions as a way to save money and the board supports him.

I’m less than a year in. I’m anxious. But I’ve done everything I can do to be in control of my situation. My manager was clearly uncomfortable rating me how he did. The number doesn’t matter. My management knows what I am worth. I’m confident I’ll be fine for now, but that doesn’t mean I’m not still anxious. And you bet I have my resume current and I’ve dipped my toe in the water here and there for jobs elsewhere.

You can always dispute your mid year review or your annual evaluation. You can dispute just about anything. A neutral third party from ER will look. I used to do those reviews. I would often scold managers on poor record keeping, but the bar is high to get an evaluation overturned or changed. And keep in mind what is happening right now. The reviews are a means to an end. They’re not about fairness.

Good luck.

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Post ID: @zqn+16nWtojV

I agree on all points said but also will add that not only are we reviewed by one manager we are then compared/ranked against those with the same job title who are reviewed by other managers (at least this is what I was told) so it’s not apples to apples anyway you slice it.

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Post ID: @euq+16nWtojV

We are asked throughout the year to track our accomplishments and try to categorize them into the review buckets. Yes that is your managers job, but if you track this stuff yourself, you know they aren't missing anything.

I personally keep a One Note page and after each project i will categorize the different aspects i worked on. Whether that included mentoring documentation, cross team partnerships, etc. the more you document about yourself, the more thorough your review will be.

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Post ID: @ytz+16nWtojV

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