Why do you think so?
30 replies (most recent on top)
I think you meant cliques, not clicks. HTH
LOL - you must be kidding.
There are little clicks of "managers" throughout the company and they hold on to those jobs by insulating themselves with yes people who desperately want to also be a "manager." The person in charge of WF mortgage credit risk was exactly one of those people. Happened to be a good number cruncher, but had zero leadership and zero banking experience but her boss liked her and now she's in charge. Was promoted over 4-5 long time mortgage credit practitioners who were WAY more qualified. It went down hill from there, culminating in the Charlie Scharf regime.
Good employees who see that they're "stuck" through no fault of their own (while others advance) become bad employees.
Lol no. I worked with a person who landed a massive promotion after they spent a year messing everything up and having junior team mates, who were never recognized or credited, fix their work. And this isn’t unique. I’ve seen this happen probably a dozen times throughout my career.
When managers bonuses are based on meeting DEI goals, wouldn’t you hire a DEI candidate who meets the requirements instead of the most qualified candidate? And keep your own job in the process?
I got stuck with an employee. I had no choice. The DEI battalion from above me gave me no choice in the matter. It is an awful arrangement that definitely will not last.
So for all the people decrying how it's "only friends" who get ahead, just remember the other side, too.
I started as a teller in Yerba Buena. I am now an ASVP usurer and manage a collection of resources in the East Indies.
Only hire or promote prior JP people
We should unionize so it is based all on seniority!
You are talking of promotions based on merit where recruitment itself is a big fraud. It's 100% nepotism, a-s-kissers and friends/buddies only get promotions.
No, it absolutely doesn't! Extremely political and you have to be "in". Pervasive throughout, particularly in MMB.
Never has. Been with WFB for 16.5 yrs. They promote/hire their friends/buddies. The interview is just a formality. However, in WFB defense, it is this way in every corporation in America.
Promotions are based on optics as of late. Take that however you’d like. We had an issue with diversity and inclusion prior to Charlie sticking his foot in his mouth. Now we’re reaping the “rewards” of a knee jerk overcompensation of a failure of leadership. “Courage in Leadership” is a fairytale at Wells Fargo.
Promotions used to be merit based. But there's so much focus on DE&I right now, that many managers prefer the easier path or want to keep themselves protected, so they hire and/or promote the option that is considered to be safe or that is in line with current initiatives.
yes but its not easy and depends on how hard your manager is willing to fight for you
Been at Wells for 3 years in the same group - about 25 people - we've had 2 promotions in the group the last 3 years - we posted positions and basically hired a person from another team [was a promotion] and promoted someone already on our team. So yes an internal promotion can happen - but ur better off switching groups to get a big pay bump - and switch firms for a bigger bump so you can get back to the market rate...
No
No.
I don't think so.
Why do you ask?
definitely not merit, I had a "director" they put in place, first time in 30 years I ever had a director who liked to "axe questions"...needless to say they didn't last long, the fact they were entirely unsuited for the position became so blatant that it could no longer be ignored or denied, and after a year they were demoted.
Sounds like something an a-s-kisser would say.
I just got promoted and it was merit based. I don’t think it is normal but it does happen
If you're a White or Asian for that matter they demote your a-s every couple years. They pull unqualified Africans off the street and plug them with barely any experience into executive roles. That's why the place is a DEI sh-t show.
In my limited experience in my insular marketing group they sure don’t.
Only white males who talk college football with the old, fat, drunken good old boy who runs the group get promoted.
I hope it’s different elsewhere.
More often than any other reason, in spite of some of the people here that can't imagine someone else doing better than them in an interview. Sure, in the C Suite, it's largely about who you know, but for the other quarter million employees the hiring manager usually doesn't know the people in the candidate pool from Adam.
No always . I never got promoted but always promoted those under me. Then I joined another firm in their C-Suite.
Of course not. No one does, they only make it seem like they do for legal purposes.
https://en.wikipedia.org/wiki/Just-world_hypothesis
As a VP, I promote based on merit. If you are a high producer and improving the quality if the team as a whole, then we will discuss the next level. If you are a high producer but only live in your bubble of work then you will get rewarded via compensation, but not worthy of a promotion.
In the context of teams of 10 to 20 within divisions- almost assuredly. Managers tend to know where the bread is buttered as do most members of said team.
If you mean: promotions to prominent, or announced positions? You should always assume the promotion is not less than 50% political positioning in nature.