Wells Fargo reviews

3.5

58% would recommend to a friend

(54,291 total reviews)
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Charlie Scharf

62% approve of CEO

55% positive business outlook

Wells Fargo has an employee rating of 3.5 out of 5 stars, based on 54,291 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Wells Fargo employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

54K reviews
3.0
Jan 3, 2016

Typical US MNC in India

Recommend
CEO approval
Business Outlook

Pros

This review and comments are for people working in Technology division (not for operations division) 1. Good Work life balance 2. Free transportation 3. Internet reimbursement (over and above your CTC) 4. Good environment 5. Only for female employees for 2 kids (upto 5 yrs) upto Rs 8000 are given for daycare 6. Almost 100+% variable payout (if your CTC consists of variable payout) 7. Additional 4 annual leaves on completion of 4 years 8. Excellent infrastructure 9. salary on every 26th day of Month 10. Gym facility (with full time trainer) 11. Very transparent organization in terms of policies 12. As of 2015 , low attrition rate 13. One more Good thing is family insurance of Rs 5,00,000 is free of cost (even parents are covered upto Rs 2,00,000 with 20% co payment)

Cons

These are not necessarily the negative things ( I didn't like them) 1. Work From Home is not completely on employees discretion- It is mostly (95%) depends on situation and managers decision 2. Though they have 2 appraisals in a year. For Average performer the annualized hike is (4%-7%) and for above track it is anything between (9-13%) 3. Role change (promotion) from level 2 to 3 is easy, 3- 4 is challenging but role change after band 4 are very difficult. 4. There is 18 months (mandatory) wait period for any role change (upto level 4) above that it goes to 24 months (or more) 5. On role change hike is dependent on benchmark, you will get around (15-20%) from u r current package 6. For 80% of people work is monotonous, difficult to survive if you don't get above track rating in any of your appraisal (4-6% increment in a year) 7.1st Appraisal cycle is from Jan to Jun (increments are effective from Oct - paid in Oct salary onwards), similarly 2nd Appraisal cycle is from Jul-Dec (increments are effective from Apr - paid in Apr salary onwards)- Variable payout is in Apr salary (26 Apr) 8. 90 days notice period 9. Very few people got functional business knowledge

4.0
Oct 12, 2014
Recommend
CEO approval
Business Outlook

Pros

Employee friendly culture and policy. Good people to work with. You can retire from this company if you want There are people which seriously following this; especially managers. Fun@work. Wells Fargo brand value will be good for your CV. Ideas and efforts are getting recognized.

Cons

No onsite opportunity at all. They will make this expectations clear at the time of joining. If you dare to ask for any onsite opportunity they will convince you that Wells Fargo is not a transport company. Salary is good when you join this company. Half yearly increments are terrible. If you stay in this company for more that 3-4 years then world will be ahead of you in terms of salary. They have fix duration for offering role change. No matter whatever you do you will not get promoted to next role before that duration. 80% support work.

1.0
Feb 9, 2021
Recommend
CEO approval
Business Outlook

Pros

Free cab facility and good onshore partners.

Cons

Wells Fargo is an employer lacking ethics and strategy. I was a top performer for consecutive appraisal cycles. One fine day out of the blue with got to know in a call that our LOB is shutting down as Wells Fargo was pulling out of that business. Given the fact that I am among the top few, I had a false expectation that I am an asset to the company and most of us will be fitted to other requirements elsewhere in the company. But that never happened, a day after that call India management told us they are not sure what's gonna happen. On top of that there were no openings it seemed internally, so the only unsaid option we had was to move out. Now, most people in our team gradually did move out by getting jobs in other companies but there was zero support from management and HR to even try and get us an internal opening. In the mean time they were hiring new candidates from outside parallelly. Not a single question was answered and a template answer was always provided telling that there is a lack of clarity. When people were resigning, initially they didnt even ask the reason and the top performers were the first to get jobs outside but surprisingly they were asked to pay if they wanted to leave early, now the situation was either to stay without any assurity about your job, or pay some amount to get an early release so that you can join a new company, WOW! . Few people who did not end up getting jobs were ultimately handed pink slips by end of 2020 without one proper oppurtunity. Worst part was, after a month of all of us leaving, we get to see job openings being posted on Job portals and also getting mails from recruiters for requirements on the same skill set which we had. If as a top performer in a company I have to go through this that too during times of COVID then imaging the kind of ethics the management has who decide to let go of existing top perfoming employees and hire new people in a 2 hour interview on the same skill set. This clarity on the company's lack of ethics, empathy and common sense might help someone not to choose Wells Fargo as their employer.

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