Employees Are Your Company's No. 1 Asset

Piggy-backing on to a post from yesterday. The final line is recommending employees to go to work for a company who considers their employees to be an asset, rather than a cost which needs to be eradicated. That one line hit home for me, and reminded me of an article I had read in Forbes. Charlie might be good at managing numbers, but he is terrible when it comes to managing people. There are good employee- oriented companies out there. If you are surviving but not thriving: put WFC in your rear-view mirror. See article below:

Forbes Business Council

Successful companies know and value their staff. They know that employees are essential factors in any organization’s success and, thus, work diligently to provide good pay, satisfying benefits, and positive work environments. I've found that if you value and treat your people well, your company will succeed and reap the benefits.

Happy employees equals greater productivity. Why?

Your people are your biggest resource and can affect public perception of your brand. When a company communicates appreciation for its employees, those employees, in turn, are likely to appreciate the company. According to Gallup, they also tend to demonstrate increased productivity and loyalty.

Your employees are your brand ambassadors — the face of your company.

New employees have a lower productivity period until they learn the ropes.

Employee turnover is costly in terms of valuable resources, but it can also affect morale in both current employees and clients. Employees may begin to question the quality of the workplace environment, as well as their own prospects for employment longevity. All of this can have a remarkably detrimental effect on day-to-day business operations.

The bottom line is this: I believe companies that value their No. 1 asset (employees) are more likely to succeed than those that do not. It's not just what the companies offer in terms of pay, benefits, etc.; it is also the underlying emphasis of the value they place on their employees.

In today’s workplace, there are many wonderful, employee-oriented companies and organizations. Find (or create) one that genuinely values its staff and that engenders a positive work environment.

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What was the company mantra we WFHE team members recited daily for years during Connecting Daily? "Our people are our most important asset" or something like that.

That aged well.

Well sure, but it's a 2-way street, employees put themselves first (as they should) so it's not like a publicly traded company has a monopoly on the idea.

It’s crucial to understand that publicly traded companies will always put their employees last, shareholders come first.

There may be an exception here or there for some rainmakers, but you must always look out for yourself, no one else will and it’s practically guaranteed that one or more of your coworkers is actively stabbing you in the back.

I posted this comment in another thread, but it seems to fit here, too:

The new performance evaluation format is a JOKE! Both my manager and my manager's manager told me that I am a top performer, but I still got a "meets" overall rating. When I asked what I could have done to receive better, they could offer nothing. Instead, they advised that, since the the company has not performed above expectations, they have very little ability to rate individual employees as having performed above expectations. So because the company didn't do as well as it could, individual success cannot be recognized? Are they TRYING to destroy morale???

It's definitely de-motivating to continue putting in 125% when you receive the same performance rating as people who skated by while putting in 80%. If this is the strategy, the top performers will jump ship, and they'll be left with the slackers. As for me, I've started applying at other companies. Prior to my 2020 performance review, I had no intention of going anywhere.

WFC employees need someone to stand up for them. Who is standing up for us? It’s not the C-Suite. It’s not the Board. It’s not HR. I believe many of our managers, who see our work, want to make this a better environment but their jobs are on the line as well. It’s not a good place to be. So in the end, the only person who can stand up for you is you. And no matter how many people try to convince us that we should appreciate “the privilege” of working for WFC: I disagree. My co-workers disagree.my in-house business contacts disagree. My outside business contacts, who see upfront how difficult it is to conduct business with us, disagree. My managers disagree. I do not personally know anyone, other than a few posters (who can’t write an intelligent post) out here, who thinks this is a healthy environment at this time. Everyone I know, and talk to, wants out.

Seriously, In theory, I would prefer WFC do well in order that the employees who need/want their jobs can keep them. But why put your efforts in to a company that may or may not get rid of you next week. I was raised to put in an honest day’s work for an honest day’s wage, and I do. But this current senior management team is the only management team I have ever worked for that goes out of their way to disengage and de-motivate their employees

@dpf+19EomYU7, i think you are referring to the tech secretaries? They do that to ensure their jobs are secure, even thought they dont even know what they are reading nor understand it.

Post ID: @dpf+19EomYU7

I agree with some of your post, but not all. If you enjoy working at Wells, that is wonderful for both you and Wells.

But I don’t think it is right that you blame employees for systemic backwards processes. Truly talented people don’t need to put others down to boost their own image.

wells pay s—s! No stock options when you start either, that s—s too! Other companies dump 100k of their stock on you too, here 0!

Worst pay and package anywhere on earth!

This previous poster must work in mail room or something

I love working for Wells. They pay well, the work is rewarding and there are a lot of good talented people.

There are also a lot of deadweight employees just pulling down a salary while adding no value. In fact the dead wood layer just adds red tape

For example, there is a process whereby you have to fill out a form and there is an entire team who support that form. All they do is harass you about filling it out perfectly, and when you have done that, they forward that form to another team who actually does the work. But now 3-4 days have passed since you put the request in.

Charlie needs to cut all the deadweight and red tape

I agree with you OP. I am glad Wells values us employees. I wish they wouldn’t value the under performers as much though

Thread regarding Wells Fargo & Co. layoffs

Employees Are Your Company's No. 1 Asset

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