No matter how long you stay or how hard you work, promotions just don’t happen. I don't know if this is just my group or a company-wide issue, but we're losing great people due to that.
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@ch Yep agree. I never feel sorry for people where WF is their first job out of school and they get a couple initial bumps then plateau and go nowhere. This is the sign that IF you are concerned about upward mobility it is time to move on. They have deemed you as not P5 level and above. If you are good with a P3 or P4 level just enjoy and don’t work a lot of extra time. Don’t make sacrifices just keep collecting the check to fund the fun stuff.
20 years in the same pay level. Not for lack of trying to move up. Only folks moving up are MGMT's fav's or folks from outside. That's it.
Same boat. Few fake promotions were handed out couple of years ago for DEI. That’s all.
@cg or you can just be ok with coasting. Once you get to a level where your salary fully funds your life, it's ok to take your foot off the gas a bit. It'd be nice if we can acknowledge not everyone gives a sh-t about upward mobility, and the world needs people who can just keep executing at the level they are currently at.
The only way to ensure your career is advancing is to manage your own career. If you are not being noticed in your current role then you should be immediately looking elsewhere. Chances are you should be looking elsewhere and great for the people that get mentored through but most won’t. Be mobile, move around, gain experience in multiple disciplines and companies especially ones that may be of value to WF in the future. If you stay please don’t whine or blaime anyone but yourself. You are responsible for your own career and if your current group has not promoted you you need to face it YOU NEVER WILL BE and you need to move on
@c7 must be nice to have been hired and brought along by a friend.
My first five years with the company, I received multiple promotions, a offcycle pay adjustment, and a manager that went to bat to get my title releveled to the higher tier when they were redesigning job families for my role. That progress has ground to a halt in the last few years, and I actually interviewed for and accepted a role one level lower in a different org, when my manager tipped me off that my name was on the chopping block (no pay decrease but went from lead back to senior).
This is significantly more mobility than I've had at corporations prior to Wells. I feel like I could have kept climbing if I wanted to, but I'm comfortable coasting on my current salary, and have absolutely zero desire to go into management.
Anyway just wanted to provide a counterpoint. My experience at Wells has been pretty positive, at least in terms of having opportunities to move up the ladder. Its much worse at other employers
You'd need to leave and go to JPM, then you'd be worth something to this company.
@bj
Obviously in your world, but in others, not so much.
That's a fact.
I was promoted within 1 year of my tenure in role received an offcycle adjustment a few months later all to be displaced a year later because my base exceeded the new comp guidelines- wtf
Bull. In my final two positions in 3 years I was approached and offered the first, which by default was a promotion. I was then salary adjusted again about 6 months later. About a year before I was displaced I was promoted with a very nice raise. And I am nowhere near the DEI spectrum.
I have only seen higher levels used to bring someone in from outside. Promotions from within are like unicorns.