Thread regarding Wells Fargo & Co. layoffs

Does working longer hours (say, north of 45 a week) increase the chances for a successful career?

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Post ID: @OP+1jXxuFqJ

43 replies (most recent on top)

I work from home and spend about 35 hours a week making sure my instant message and outlook light stays green. The other 5 hours I listen in on scrum calls while 3 of 12 people on our Agile team do work. It’s a sad sad situation and this is why Wells Fargo is going to s#it.

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Post ID: @5bou+1jXxuFqJ

I think the answer to this varies on whether you’re exempt or not exempt. President Obama’s administration, rightly or wrongly, had employers reclassify many lower level exempt jobs as not exempt (these jobs were in the $25/hr range then, maybe $35-$40/hr now.). Being perceived to abuse overtime may or may not hurt you.

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Post ID: @4jft+1jXxuFqJ

Only work longer hours on things that benefit you and you can take anywhere. Why put in long hours because WFC doesn’t want to hire the actual number of people it needs to run their garbage, convoluted, manual processes?

If the extra hours are teaching you something new that will be of value elsewhere then, sure, work a bit more. But also beware, the only thing I’ve noticed happening to people who work more here is that they get more work - while those around them suffer no consequences.

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Post ID: @3qrp+1jXxuFqJ

Yes, if you’re new to the position, learning something new or ramping up to make a change. But if you’re good in your position and know how to set boundaries you shouldn’t have to work extra.

I generally document a 40 hr week, work a smidge less these days (30-35 actual hours of work) but do occasionally need to set in a 41-42 hr work week or flex out the extra.

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Post ID: @3mrz+1jXxuFqJ

Ask the hundreds of processors and underwriters who, just a few years ago, were working 60 hour weeks and being abused with mandatory overtime requirements where they had to take a PTO day just to be off on a Saturday. Ask them if it helped.
(hint - it didn't make a $#!t Fv

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Post ID: @1fkd+1jXxuFqJ

Chuck doesn’t put in 40 a week. Nor Mack, a$$hat Daley or anyone.
An extra five hours only assures you may die at work, and miss five hours a week that could be spend with those you love.

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Post ID: @1sfs+1jXxuFqJ

Being "sociable" is far more important than "putting in hours".

We've got a guy on my team who's been sent home twice for showing up for work drunk. Yet he's at the same rate that I am. Yes, I'm jealous, but I'm a hard worker behind the scenes, and he isn't worth a darn. But he's "well liked by higher ups".

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Post ID: @1hyn+1jXxuFqJ

Sorry meant “woke causes” there not work

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Post ID: @1ahv+1jXxuFqJ

@1buo+1jXxuFqJ

You ever wonder why you’re passionate about work causes? It’s because you’re trying to be a part of something greater than yourself. Wokeness will never fill that void at the end of the day :(

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Post ID: @1wcq+1jXxuFqJ

@1hdv+1jXxuFqJ
“Faith” = superstition/mythology. Just to be clear. Have a nice day. 🙂

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Post ID: @1buo+1jXxuFqJ

The cool thing about WF is that if you work extra hours and do your job really well, you get rewarded by getting to do your co-workers' jobs as well.

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Post ID: @1enn+1jXxuFqJ

If you work 40 and your teammates are working 55, they probably hate you because they could be working less if you pulled your weight.

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Post ID: @1pxt+1jXxuFqJ

If you get paid OT, you might want to do the over 40. The boss needs to believe it is fine or you can get in some hot water.

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Post ID: @1ury+1jXxuFqJ

@zva+1jXxuFqJ The word used was "faith", not mythology or superstition. But I suspect you know that. And that is why I have an issue with your reply.

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Post ID: @1hdv+1jXxuFqJ

Yes. My team is 40 a week. I did 60-70 constantly and has been promoted 3 times in three years. I’m always rated exceeds, even with the new roles.

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Post ID: @1piz+1jXxuFqJ

Nope. Do your work and go home, enjoy your family and life. You are only a number and a cog. Do what you are paid to do but nothing else.

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Post ID: @agx+1jXxuFqJ

Not at Wells Fargo. People who are willing to work long hours are the dumping grounds for the ones who “must” leave early for little Kelly’s dance recital and little Johnny’s soccer game.

All you are doing is making it easy for your manager to ignore the quiet quitters.

You will not be thanked and you will not be compensated. You will only be dumped on.

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Post ID: @fha+1jXxuFqJ

@hef+1jXxuFqJ

Depending on which study you are referring to, they actually tested a 4x8 so 32 hours a week. Employees for the most part were happier and more productive. I can't quite picture Charlie hopping on board with that though.

OP, in response to your post, I would say it has more to do with your attitude and whether the work you do is getting noticed for the right reasons. It also depends on what your exposure is to areas outside of your immediate group. If you just are trying to move within your immediate group, at some point you will be capped on your upward mobility. Some people are happy with joining the mentor program, and then there is that other internal transfer program.

Ultimately you would want to decide what you want in life, and what the actual value (not just monetary, but emotional too) is of those extra hours. When I first started, I worked extra hours, volunteered for overtime, strived to be a top producer. That got me nowhere. The people who got ahead were the ones chatting and doing middle-of-the-road work. As I moved into other roles, I was being recognized for my strong work ethic, and performance, but that didn't translate into monetary compensation that made it worth it. Then I moved into a different group where I was once again noticed, and given projects because they knew I would do well, but again, that didn't result in a promotion, or increased compensation. Eventually I moved again, and was noticed by a different group who wanted me on the team. Where I am currently, it's the quality of work that matters, and meeting deadlines. I'm not at a point in my life where I want to work overtime every week, and I like the flexibility I currently have.

The people who slack off also get noticed, but for some who are skilled at socializing, they still move ahead. Look more at where you want to be, and find out what skills are valued in that group. Try to shadow people in roles you want to move into, and that might help both with networking, and finding what you want to do.

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Post ID: @jho+1jXxuFqJ

@nrl+1jXxuFqJ You can have a fulfilling life without mythology and superstitions. But family definitely ranks up at the top, agreed.

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Post ID: @zva+1jXxuFqJ

No, but it guarantees an awful life. If
You work for a big company the perception between someone doing the minimum and someone crushing it everyday is very small. They will get rid of you without blinking an eye if they have to. So focus in your quality of life instead.

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Post ID: @ocq+1jXxuFqJ

Get your priorities straight...Faith first, Family second, everything else comes after.

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Post ID: @nrl+1jXxuFqJ

When I was young, I worked lots of hours.

When my job was sent overseas after 15 years in, I thought it wasn’t worth years of that.

When Corporate America is done with you, it doesn’t matter what you have done for them.

Just food for thought.

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Post ID: @tsv+1jXxuFqJ

The key is to demonstrate that you're willing to do what's necessary to not only deliver your work but exceed expectations. That might mean working evenings and weekends. It could also be done by prioritizing the work you do during the day. If you can consistently deliver results, you will be rewarded. It's not a Wells Fargo thing. It pretty much applies to all aspects of your life.

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Post ID: @wfj+1jXxuFqJ

Only if you are in a line of business where compensation is based upon productivity. For example, new customers' deposits and loans. Your performance is easier to measure. Otherwise, no. Unfortunately, cutbacks have caused more work for others, so hard to get it done in 40 hrs. That does not lead to promotion, it leads to getting more to do.

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Post ID: @tkv+1jXxuFqJ

I heard recently, through the grapevine, that management in my LOB expects folks to work 50+ hours/week if they want to be rated Exceeds.

My questions:

  1. Are bonuses and raises at least somewhat tied to ratings, in practice?
  2. If so, does working 50+ hours/week guarantee an Exceeds rating?

My takeaway is this: Our company is too cagey around compensation, and going above and beyond with no guarantee of return just isn't worth it to many of us. Is there anyone among us who wants to test out the theory that more effort yields more compensation by putting in the time for an entire year?

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Post ID: @zbm+1jXxuFqJ

What matters is getting results. If you've met your objectives by 5pm, sticking around two more hours just to "put in the time" doesn't net you anything. And if you leave things undone it doesn't matter if you were there for 12 hours+.

It's the commitment to getting things done, however long it takes, that makes the difference. Time spent is just a byproduct.

Also note that if you are in a dead-end situation, throwing more time at it isn't going to lead to success. "Working hard" in a good job will make a difference, but in a bad job not so much. Being lazy will never have a big payoff (but at least you will be well rested).

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Post ID: @amg+1jXxuFqJ

Heck no. Here’s a tip for those early people - nobody cares how early you come in, but everyone notices if you leave early every day.

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Post ID: @oox+1jXxuFqJ

Nope. But you’re guaranteed several health ailments that way. Enjoy the rat race to nowhere bud.

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Post ID: @xyj+1jXxuFqJ

My experience after a long career is that being a team player, working long hours, being available and other supposed techniques get you nowhere. Kissing up will get you there faster. The best way to become rich is save and invest like crazy. Let your money do the work. Companies don’t care about employees. They care about shareholders.

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Post ID: @gro+1jXxuFqJ

People will always dig up outlier examples to try to prove their point, but a very large majority of people that earn a lot of money also worked a lot more than 40hrs a week to get there. All people ever see or think about is the end result of a wealthy person's position...they don't notice the years of grinding away that got them there. The most likely way to get rich in the US is to start a business. The people that run small businesses work a stupefying amount of hours. Think closer to 80 than 40. I don't begrudge anyone not willing to do that, but pretending that it's not the case to justify that choice is ridiculous.

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Post ID: @bfh+1jXxuFqJ

No. Work your 40 hours. Take a half hour for lunch. Leave and go home to your family or friends at the end of the day. Have dinner and enjoy life. Wells Fargo does not deserve any more of your time than what they compensate you (poorly) for.

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Post ID: @ppa+1jXxuFqJ

Nepotism is the key to a successful career.

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Post ID: @ale+1jXxuFqJ

It did for me before the Wachovia merger. I’ve always had a strong work ethic. When I first joined WF, I realized I was rewarded for it. Free trips to Hawaii. All kinds of monetary token awards.
Then the merger happened.
I have received zilch for nearly 14 years.
In retrospect, I should’ve quit after the merger and joined a start up company.
Like I’ve said before, I don’t even recognize this company anymore.
That being said, test the waters, and see if you get rewarded.

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Post ID: @noo+1jXxuFqJ

No. It isn't working hard that gets you ahead.

It is actually being lazy yet actually tackling the work.

There are lazy people who just don't want to get work done.

There are lazy people who will get work done, but want to find a way to get the work done faster and more easily. These are the ones that get ahead. They increase productivity for not only themselves, but the team they are on.

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Post ID: @psw+1jXxuFqJ

Depends on what you're doing while "working" those extra hours.

Actual work? Not likely.

Kissing brown eyes? Probably.

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Post ID: @cgt+1jXxuFqJ

The word success needs to be defined here.

If you define success as making north of 7 figures per year, you better be prepared to work a LOT more than 45 hours per week.

Todays socialist message of work life balance sounds appealing but simply does not apply to people that want to be super wealthy.

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Post ID: @ptb+1jXxuFqJ

I think a cashier ripped me off once.

I went to cash in a lottery ticket and realized later on that the amount she paid me didn't correspond to any prize amount of that game.

I think she paid me less and pocketed the difference.

I hope she pays dearly when the universe gets its revenge on her. Lots of suffering.

(Also, I like pear-shaped women.)

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Post ID: @tvi+1jXxuFqJ

Yes.

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Post ID: @qmw+1jXxuFqJ

lol definitely not

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Post ID: @cbw+1jXxuFqJ

wasn't there some study done or multiple companies that tested out allowing employees to work 4x 10 hour days a week resulted in higher productivity?

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Post ID: @hef+1jXxuFqJ

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