Senior Management doesn't care about the bottom line workers - Anonymous employee WaFd Bank Employee Review

2.0
Aug 18, 2014
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Some of the managers here are absolutely amazing and will teach you a ton if you are willing to learn. This is a good starting company to get some basic training and experience but you want to leave before you get worn out and beat down by a management doesn't care about you as a person because you are replaceable.

Cons

The executive Management is stuck in the Stone Age, the company still uses typewriters and mails tons of documents every day even though everything could easily be converted to electronic. They also don’t seem to care about the “line workers” and are always shrinking bonuses, refusing to give pay raises to job promotions to the people who deserve them. Instead, they increase their own salary and bonuses and take it away from everyone below them. The company would rather train a new person every year than spend a bit more to increase someone’s salary and keep on good workers. I was there for three years and I saw tons of people leave just because the company wouldn't give them a raise. A company can’t expect to keep on good talent for over 2 years without any incentives. When you start at this company you work really hard to show off your skills but all your work goes unnoticed. The HR department is probably the worst department, they don’t know how to do their job, give you wrong information and really only care about themselves.

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.

See reviews by: Helpful|Rating|Date|All