Thread regarding Wells Fargo & Co. layoffs

Pay

I see a posting for my friend. It just shows a pay range. Nothing on bonus percentage. Does this mean the pay range includes the bonus or the bonus is totally discretionary is not included. Wish there were additional data on bonus in the job description

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| 1643 views | | 9 replies (last January 31, 2023) | Reply
Post ID: @OP+1kUFnrhl

9 replies (most recent on top)

@1fik+1kUFnrhl
Promoted in Feb to a role that would have upped target to 35% under old titles. Instead I got less than last year, with the same rating.

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Post ID: @3thc+1kUFnrhl

I went up two levels in October and got a bonus based on my old role (which was significantly lower). They wrote my October role change as my merit increase. It’s fine since it’s better than nothing, but I was a bit irritated. It should have been prorated.

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Post ID: @1fik+1kUFnrhl

@1fet Yes, it’s in the offer letter. I transitioned roles at the end of 2021 and it was in the letter.

@qej It is, “for the THOUSANDTH time.”

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Post ID: @1qtv+1kUFnrhl

Post from TheLayoff.com

I was recently hired into a new role, my offer letter stated I was eligible for “annual variable target compensation under the Wells Fargo Bonus Plan”. I was verbally told by the recruiter what the target percentage was. They still exist of course, it’s just hush hush.

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Post ID: @1bdc+1kUFnrhl

side question - do they list bonus number in offer letter now? just curious how the bonus was communicated with new hires.

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Post ID: @1fet+1kUFnrhl

For the thousands time on the board. Base pay only bonus are discretionary. Targe Bonus ranges were eliminated a year ago. Totally manager/dept discretionary.

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Post ID: @qej+1kUFnrhl

I will address your question. But first let me sip my coffee.
non teeth brushin, crusty smile

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Post ID: @ydm+1kUFnrhl

babe I can barely afford a dozen eggs right now

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Post ID: @ygf+1kUFnrhl

Base pay. Tell them to negotiate their bonus.

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Post ID: @scp+1kUFnrhl

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