So we’ve been fed this line of BS about how great it is to go from 10,000 titles to 2,000 because they’ll be more specific to what we do (the math proves that’s nonsense) and my LOB gets ours and it’s essentially a demotion with the same pay, though the range opens up more? Not that it matters with 2% sub-inflation raises. All I know is that from
an outside view of my resume it looks like I took a step down. Another pay ki---r when I leave this place
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Hopefully my 140k base isn't too high for a peon L3
Peon level 3. Higher than peon level 1 or 2, congrats.
Does anyone know what the job levels represent? I see P3 for mine.
There are instructions at the bottom of the email that you should have received from HR. If you didn't receive an email then login to your personal information page from your profile page and click on job mapping.
How/where do we find our new title? Boss never met with my team about it. Teamworks still shows me as the same title today.
There are two problems with all this.
First, the title matters for a young person who is eventually going to apply for a job somewhere else. A "Senior Widgetteer" looks better on the resume than does a lowly "Associate Widgetteer".
Second, the salary midpoints get moved. An older person who has been here for a while now suddenly finds themselves making "above midpoint". Not because they got a raise, but because the midpoint was lowered. That person will not see another raise in salary in that position, even if their actual duties do not change.
I found out my new job title on Monday. I don't like the new title and it seems like a demotion. One thing is for sure, it will probably change again at some point in the future.
Now that new job mappings are available to be seen, how did you make out?
What is an exact title that is considered Senior Principal?
I’ve searched through team member lookup and cannot find anything like senior principal. Lots of Principal Auditor/Engineer/etc across multiple lob’s, but nothing called Senior Principal ______. Maybe it’s an internal designation and not an official title?
I'm a sole contributor and went from senior engineer to lead engineer. It honestly doesn't make any difference (to me at least). The pay never changed.
They are demoting titles, so that they need not pay as per market for that title.
Did you think anything they were doing with the job titles didn’t benefit them? Why would they have done it otherwise?
I’m sure you’re right but it seems like sr is really a sr associate.
Principal
Sr Lead
Lead
Sr Associate
Associate
This makes sense to me. A sr assoc is just a more skilled assoc yet doesn't have management type of duties like a lead would. Leads are basically your teachers/cheerleaders. They may run reports and don't work on evals or write ups. I could be wrong but that was the structure the last time I was in ops for WF even though we weren’t titled like this. The numbers aren't always helpful for potential employers. If you were a 3, they may wonder if it’s on a scale of 4 or 5 and what does that actually mean. I normally just explain this in the interview. It doesn’t seem like it’s something that would hold you back.
in workday the title means nothing. it is your job level/grade that controls your pay. put what you want on your resume, if you were digital whatever before then add digital back in or out both. when I'm looking at resumes I'm not looking at title I'm looking at what you actually do, and ai engines are looking at content as well.
It's logical but unfortunate that when you standardize job titles and pay ranges across the bank, there will be winners and there will be losers. The winners will theoretically have more potential for salary increases (though we know from prior behavior that Wells is notoriously cheap and it's won't actually happen), and the losers, while not receiving salary cuts, will find they've hit a ceiling.
Call me toilet li---r. As long as I’m satisfied with fair pay for the work I do the title is meaningless.
These matter when potential employers do verification of employment. They removed "digital" from our titles and this is a game changer. You can tell potential employer what you do, but the title still matters. Thanks for nothing, WF!
@1wov+1e1FAjWC it was explained to me that:
- Sr Principals were moved to Principal (downgrade)
- Principals were moved to Sr Lead (downgrade)
- Seniors were moved to Lead (hard to tell if better/worse) there are no current seniors on our team that lead anything so just mismatch imo.
- Assoc moved to Sr (upgrade)
I think it will just be one more factor for people on the fence about leaving after bonus. None of the work is changing and salaries seem to be stagnant st best.
The new levels go in this order from highest to lowest:
Principal
Sr Lead
Lead
Sr
Associate
there are also grades associated with the title, so while a non sr and sr may both now have the same title they will probably have different grades.
In many cases, Sr. was replaced with "Lead". Its a mystery why.
What do they have in their title instead of Sr? Just Associate, no descriptor?
@1tci+1e1FAjWC some people on our team went from having Sr in their title to not. Others were higher than the old Sr and are now new Sr's. Hope that helps.
Wells Fargo uses TheWorkNumber.com. The Bank does not provide any information on employees. The Worknumber.com can supply everything - depends on what is requested and what you authorize.
You can get fired for verifying employment and/or giving references so the poster who said they only give a couple pieces of information is incorrect
All part of the plan to justify low pay in the future. "We looked at workers with the title of 'pleeb' across the nation and found that your pay is above the going rate for that job title, therefore..."
Considering they a completely new made up names, how do you know if it's a demotion if the new job titles never existed before?
@beo+1e1FAjWC some people get better job titles. Hopefully it evens out, even if you got stiffed.
What titles are demoted?
These guys baited me into a job with a job title I wanted. Job ended up having nothing to do with title, they just used the title to su---r me into the job, my mistake. A year later they changed the title and demoted me. Now we're changing titles again. Some may not know this but when HR at another place calls this place they only provide a couple pieces of information. 1. The dates of employment 2. your last job title. They provide nothing else as it runs the risk of legal troubles. It's almost like HR suckers people in with a better job titles and then changes it so it harder for the person to leave. I feel this is a unethical strategy they're pulling.