Thread regarding Wells Fargo & Co. layoffs

Promotion vs new position question

My mgr wants to promote me from NE to E sometime this qrtr. I am actively looking for another WF. Does anybody know how long you’re committed to a new position without needing a managers signature to bounce? I can’t find it online anymore.

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| 2446 views | | 19 replies (last January 19, 2022) | Reply
Post ID: @OP+1eMRVSVi

19 replies (most recent on top)

12 Months and a promotion or new role does reset the clock.. Unless Manager approves of it earlier (rare cases)

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Post ID: @6bzk+1eMRVSVi

If you have to apply for this promotion then 12 months is the rule.

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Post ID: @5kub+1eMRVSVi

Promos do not reset the clock

1 year

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Post ID: @2ifz+1eMRVSVi

Promoted in place does not reset clock. A friend was promised a promo for eons but gave up and started posting. They got the promo on a Tues and a new job offer the next week. Took the new job as it was a better team but the promo made it a lateral without any additional salary.

They didn't care though, their original LOB gave a 16% raise for the promo! Might have burned a bridge leaving right after but they waited through nearly a year of promo promises.

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Post ID: @1rle+1eMRVSVi

I’m an AVP, and yes a promotion does reset the clock.

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Post ID: @1mze+1eMRVSVi

Your manager wants to promote you from northeast to east? I wouldn’t move for this company. 🤣

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Post ID: @1znm+1eMRVSVi

A promotion does not reset the 12 month clock. If you apply for a role posted on your team, it does. Last year I accepted a promotion, then 6 months later took a role on a different team.

You may want to ask yourself which direction you want to take your career, and which role is a better fit for that path. It’s also worth considering whether or not your current role is expanding your skill set still. If not, it might be time to move on.

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Post ID: @1yad+1eMRVSVi

What's a promotion....?

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Post ID: @1hld+1eMRVSVi

A promotion does not reset the clock unless you apply for the promotion (e.g. applying for an open manager role)

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Post ID: @1baw+1eMRVSVi

12 months

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Post ID: @1ruy+1eMRVSVi

I guess that is non exempt vs exempt. That may also mean you're bonus eligible. Normally you're supposed to wait a year, but it's a promotion not necessarily taking a new job. I'd say take the promotion if that's what this is considered and keep looking.

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Post ID: @1bih+1eMRVSVi

I believe a promotion does reset the time in job clock as it will be a new position number. Chat with HR

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Post ID: @1zdb+1eMRVSVi

Sometimes managers have to open a new req for a promotion (and then basically promise someone they will get it). With the new job families, I’m not certain if that is ever going to be the case again, but it has in the past. Also ensures they lock you in for a year afterwards.

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Post ID: @1rig+1eMRVSVi

If you are promoted you do not need to wait a year, you can look right away if you want. It’s only if you seek another role that you need to wait.

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Post ID: @hoj+1eMRVSVi

I don’t believe the 1 year rule applies if you were promoted (and didn’t have to apply and interview for the promotion). I think it is only applicable if you actually went through the hiring process.

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Post ID: @cpl+1eMRVSVi

1 year

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Post ID: @yvk+1eMRVSVi

One year before you can move.

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Post ID: @mjo+1eMRVSVi

You have to say in your current role for a year before you can apply for another role unless you get your manager's approval from what I was told.

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Post ID: @fyi+1eMRVSVi

Not sure what any of those acronyms mean, but typically it's 1 year between LOBs. Some, but not all, LOBs will use a 6 month rule of it's a new job within the same LOB.

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Post ID: @raq+1eMRVSVi

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