Thread regarding Wells Fargo & Co. layoffs

I haven't received a pay increase in 3 years - should I leave and other thoughts

This is a meat and potato's type post. I like to think i work hard for this place, i try and find creative solutions for problems, network, keep my skills up, work an extra hour after after everyone logs off at night, i log in on weekend and read emails so I can hit Monday ready for action.
I haven't been promoted even after being here for 6 years. About 2 years ago they basically demoted me with a different job title and bonus structure, the new job title is way lower so they don't need to give me any sort of pay increase because the midpoint is lower than my salary. I said nothing, what could i say but I was deeply disappointed. I have a old co worker who was a controller in the healthcare industry and asked him if he could mentor me, he's given me a lot of great advice over the years. He said basically be the positive light in my group, never complain or say anything bad against my manger, and deliver over and over, and they would promote me no question. I now feel extremely confused, like a su---r who's been lied to. I even gave up weekend outings with my kids, 6 year son and 4 year daughter to be on top of things. Hard work doesn't seem to pay off here. I see many employees who barely do anything, most don't lift a finger to help others. I see people with poor qualifications from other banks hired for roles to lead 100's of people show up out of blue clueless and pretend to lead. If your a loyal employee who works insanely hard though your treated like a has been, a left over dog at the pound. This place is brutal to the people who make the place run and function. I don't know about you but as soon as this delta flu hysteria is over I need to get out of here.

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| 1918 views | | 16 replies (last August 23, 2021) | Reply
Post ID: @OP+1cqQPqIy

16 replies (most recent on top)

Managers don't respect people like you, because you don't respect your time or your family. But, they will use and abuse you, until you finally demand their respect, in a respectful way.

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Post ID: @3owv+1cqQPqIy

@1eos+1cqQPqIy

Doesn't seem to recognize that working hard and developing yourself is one way you can get management to "like you" or have a good impression of you. I've been promoted several times at Wells with absolutely zero 'friend time' / socialization etc with the higher ups. It's not even possible due to distance.

More generally, I suspect that a lot of what is described here on the layoff site as 'kissing a$$' is nothing more than good people skills. Some people have it in their minds that they should be able to be a total pain in the neck every single day at work and people should respond to that with positivity, great reviews, and promotions. Hate too break it to anyone, but that's not how any aspect of life works. It's also a very common source of workplace toxicity. Everyone has worked with "that guy", and no one likes it whether they are peers, managers, customers, or anyone else. You are free to be constantly negative and an a$$ to people, but don't expect good things to happen as a result, because they won't.

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Post ID: @1jcf+1cqQPqIy

Wells Fargo doesn’t promoted internally very much. Easier to look externally.

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Post ID: @1jwv+1cqQPqIy

I have been at Wells for 7 years. Although, I have had raises I can't get promoted. I think the culture of Wells is more who you know than what you know. Working hard here won't get you anywhere. Increasing your skills or being knowledgeable and good at your job won't get you anywhere. However, if management has a good impression of you, likes you, and you have a good relationship with them, then you will most likely get promoted. There are folks here in roles that are way out of their depth and beyond their skillset yet they were hired for those roles.

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Post ID: @1eos+1cqQPqIy

OP nailed it. Very nearly exactly my experience here.

I'm near retirement and am just marking time now, but if I had a career ahead of me I'd have been long gone by now.

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Post ID: @egx+1cqQPqIy

From what I understand it is common for people to get moved into different roles and then they are stuck at their current salary because they're at the top of the scale. That's where I am right now. I can't get a raise and won't get promoted unless my "job duties change significantly." It's a great way to get a more qualified employee at a lesser rate. Yes I am looking for a new job.

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Post ID: @ihr+1cqQPqIy

This is the difference between a general rule and a maxim. Generally hard work, proper skills dev, and good people skills results in advancement. But that is not always the case and it doesn't necessarily occur on the timeline we'd prefer. Conversely, what is a near certainty is that going out of your way to not work hard and to be a PITA to everyone around you will never put you in a good position for success.

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Post ID: @vih+1cqQPqIy

When Wells reevaluated our teams positions, I was capped. Needless to say, I had not received a raise in 5 years however, when the opportunity for a different position opened up, I took it. I received higher pay and was able to get at least a 2-3% increase with a small bonus. That's been about 7-8 years ago and I'm pretty much capped again. I sign on a little earlier than required because I've always done it since I began to work 45 years ago. I sign off at end of shift, not signing on during the weekend. Take my advise, if you actually like working for this place, find a different position with growth, if you don't find a position at another company. Life is too short for this cr@p. That's what I'll be doing after I get my well deserved bonus because I'll be capped come raise time.

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Post ID: @wfr+1cqQPqIy

@jpx I don't think OP is a troll at all. This is a pretty typical picture of how WF treats its labor.

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Post ID: @eae+1cqQPqIy

@OP, if you truly care about your career and upward mobility, WF is the wrong place to be given current climate. Also, WF doesn’t use the latest technology so the longer you stay the further you’ll fall behind in terms of skillset.

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Post ID: @unz+1cqQPqIy

I think you're a troll. But nice try.

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Post ID: @jpx+1cqQPqIy

I don't do cr-p all day long, honestly most of my job these days is to just reply to emails occasionally, and I've been promoted 3 times in the past 2.5 years. After this last one I'm now in the 6 figures finally (admittedly low six figures, essentially 6 on the dot to be honest). I don't mind that it took a while since I get to be lazy anyway.

You're playing the game wrong, buddy.

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Post ID: @eaj+1cqQPqIy

Get your head examined first. Then GTFOH. They don't give AF. If you didn't just come from BNY Mellon or Chase, you're f-c%ed!

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Post ID: @ivv+1cqQPqIy

Why wait? IF you are hourly, stop logging in on the weekend. By law you must be paid for time worked and this is a fireable offense if you aren’t tracking it on your time card. Reading emails equates to working. Besides that, it isnt fair to your family.

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Post ID: @oxv+1cqQPqIy

Hang in there. Promotions are few during downsizing times. If you make it to the other side then things will start opening up again and hopefully all your hard work will pay off. In the meantime don’t sacrifice family for a job. The job doesn’t love or care about you and is only a means to an end to help support you and them.

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Post ID: @lrn+1cqQPqIy

Don't give up family time for a job- ever. This time with your kids is precious, don't miss out. And i would look for a different job.

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Post ID: @bzv+1cqQPqIy

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