More with less..... - Anonymous employee WaFd Bank Employee Review

2.0
May 27, 2025
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Decent health benefits. Hired as a remote worker. Flexible scheduling.

Cons

Slashed bonus program. Reduced profit sharing. Limited growth opportunities. 3% "yearly raise" reduced to 2%. No mid-year performance salary increases in three years.

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WaFd Bank Response
9mo
thanks for your post. I dont know another bank that provides equity (stock options) to all employees..... and those are only valuable if we are successful at increasing the value of our company.

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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