Thread regarding Wells Fargo & Co. layoffs

What are we a cell phone carrier company?

What are we a cell phone carrier? Apparently if you go for a new job they will cap off what you can get in a raise. That MRP you see is not for YOU. You are good enough to get selected for an interview but unless you are external apparently we aren’t valued? Disappointing!!

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Post ID: @OP+1eg0YA6o

8 replies (most recent on top)

This has been the WF way forever.

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Post ID: @1mjj+1eg0YA6o

if you search teamworks you can find a matrix for comp decisions and who needs to approve what based on a number of factors one of which is increases over a certain amount.

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Post ID: @1bjv+1eg0YA6o

I know someone who last year received a promotion and a 0% raise. This person did receive a decent bump in bonus percentage, but that bump was then halved earlier this year due to some job re-mappings.

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Post ID: @1suf+1eg0YA6o

There is a cap on what % of an increase you can get due to promotion. It's nonsense, but it's also not a hard cap. All you need is approval from a person on the OC. The most annoying thing is that if the candidate was external, they wouldn't mind the level of pay at all, but because you're internal they treat you differently. Seems like discrimination to me, but like I said, all you need is approval.

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Post ID: @1rqz+1eg0YA6o

I fail to see the correlation.

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Post ID: @1bdk+1eg0YA6o

I used to work for Wells Fargo. I still do, but I used to too.

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Post ID: @1qwt+1eg0YA6o

True story.

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Post ID: @1qsq+1eg0YA6o

See below

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Post ID: @ict+1eg0YA6o

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