Apathetic To Toxic Work Environment & Low Pay For Most Positions - Anonymous employee WaFd Bank Employee Review
3.0
Aug 6, 2021
Anonymous employee
Former employee, more than 8 years
Recommend
CEO approval
Business outlook
Pros
401k company match is higher than most companies, health insurance benefits are good, and vacation time is increased to 3 weeks after 5 years of employment.
Cons
The company is apathetic to toxic work environments in some departments caused by managers, low pay, training gaps, and excessive work load on entry level staff.
WaFd Bank Response
4y
thank you for your feedback, we pay close attention to our turnover rates and work to find both the right level and mix of pay. Wish you the best going forward
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.