Frantic growth leaves many things to be desired - Anonymous employee WaFd Bank Employee Review

2.0
Apr 3, 2014
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Washington Federal does offer a steady paycheck and room to move around within the company. The break room is stocked with soups and crackers and fruits and beverages at no cost to the employee.

Cons

The steady paycheck is mediocre at best and initially employees were told it was because the company contributes heavily to your retirement. But the retirement contribution was scaled back about 80% and the pay remains the same. And yes, there is definitely room to move around but not up. If you advance your position from within the company, your pay will remain the same. If you quit and get hired on again with the advancement, then you salary will increase. The software used is from the 1980's although it has been upgraded periodically. This severe lag in technology has left many customers frustrated and ultimately they take their business elsewhere. Turnover is high in all areas.

Explore other reviews about WaFd Bank

5.0
Mar 18, 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The leadership at all levels is outstanding

Cons

No cons in the bank

2.0
May 28, 2026
Recommend
CEO approval
Business outlook

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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