Thread regarding Wells Fargo & Co. layoffs

Great managers spot strengths and match people to the right roles. This leads to higher pay and its good for the Co as well


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| 1263 views | | 9 replies (last November 3) | Reply
Post ID: @OP+1k90qycb5

9 replies (most recent on top)

@da Ironic that you used the example of a used car salesman because in my situation the person who got hired over me was literally a car salesman before coming to WF. I had 12 yrs in at WF and 20 in the industry. Proven performance over and over through the years yet my manager promoted the laziest person on our team but I was told he interviewed better. Yes let’s not promote the person who is a great employee, dependable, and knowledgeable for someone who can sell themselves in the interview.

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Post ID: @ex+1k90qycb5

I once had an Associate Manager whose primary focus was her own interests. She believed herself to be exceptional and failed to acknowledge or credit anyone beneath her. In truth, she lacked the competence required for effective leadership and struggled with even the most basic tasks. I have heard that she is still employed, though no longer in a managerial position. The lesson here is that I believe Wells is aware of who performs poorly and who does not. It simply requires time to weed them out.

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Post ID: @dz+1k90qycb5

From what I have seen managers at WF are more like babysitters. They aren't trained to development their direct reports. They can barely put together a performance review. They are useful if you need to change your schedule or have some sort of time off issue. They level set the work, but they can't really help you or guide you in completing the work. You are on your own as far as any work-related issues you have.

Promotions are given to friends. In my department, most of the leads and managers have some sort of prior personal connection. Talent, experience, or being a good fit for the role has nothing to do with the decision to promote these folks to leads or managers. It's all about who you have a prior personal connection to.

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Post ID: @dy+1k90qycb5

I have seen managers wreck branches, lose top advisers and staff due to incompetence. The firm promoted them. That's backwards. By

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Post ID: @dm+1k90qycb5

Um....OK but my experience does not reflect the posting. In fact, the people who move forward are the opposite of the "best of the best" in every way. "Yes men" are the only ones who get ahead. Talkers, not doers. People skills, not technical skills (technology directed).
In fact, if there was one characteristic I could point out that makes one successful at WF, it would be that person who has perfected the used car sales pitch, you know the one that gets hard-earned money out of your pocket for a lemon. Yes, that's the ONE skill I've seen that drives promotions at WF. Nothing else.

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Post ID: @da+1k90qycb5

@OP Well thanks Mr/Ms Obvious.. for regurgitating what others have said. Next will be WF has terrible managers, which is right. HR , and Sr Execs are some of the worse in any industry.

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Post ID: @d0+1k90qycb5

This doesn't apply to wf as it's the complete opposite of the spirit of this post.

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Post ID: @ar+1k90qycb5

Yeah, that doesnt happen at Wells Fargo, except closer to the top where the only skill they are seeking is the willingness to fire people in exchange for more money than they are actually worth.

Bridget Engle has entered the chat...

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Post ID: @ak+1k90qycb5

Thank you, Bei.

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Post ID: @a8+1k90qycb5

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