Not compensated fairly - Anonymous employee WaFd Bank Employee Review

3.0
Nov 1, 2017
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

generally a great place to work. good benefit package.

Cons

Compensation. I love what I do, and the people I work with. I'm sad to say that the single reason I have considered employment elsewhere is compensation. I have been here nearly 2 years and have received one very small raise. While I am not in an entry level job here, I could easily work an entry level job for more pay elsewhere. I have even considered a second job to supplement my pay. The bonus is nice semi-annually, but doesn't pay my rent month to month. I'm a young person trying to get ahead in life and WaFed's pay structure in relation to skill level is not promoting that in the least.

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WaFd Bank Response
8y
Thank you so much for your feedback. I would love to sit down with you and review your performance and discuss a career path for you that would both challenge and reward you. Please stop by, call or email. Happy holidays. brent

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5.0
Mar 18, 2026
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Pros

The leadership at all levels is outstanding

Cons

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2.0
May 28, 2026
Recommend
CEO approval
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Pros

Primarily remote work. Decent PTO after the 4th year.

Cons

Limited staffing and limiting overtime opportunities until the bitter end of potentially missing deadlines, which you are guilted into working. 2% "raise" every January and ZERO merit raises. Gutted profit sharing and profitability bonuses over time. Most recent bonus, which is tied to net profit after dividends, was given a result when the scale was never published. All previous bonuses had a floor-to-ceiling profit scale that showed the targets months in advance of the end of the bonus period.

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