Manager I have is a gaslighter, so in order to breathe, I am taking a leave until beginning of January. I am not faultless in this situation but wow, this boss is over the top.
I most likely will come back from leave then give my notice and leave Wells Fargo.
I qualify for a substantial end of year bonus. Anyone know if I will still be eligible to get it even if I do not stay thru January?
From my experience , yes it does. Upper management and middle management want to make philanthropic efforts just like companies do. Good for their brand to keep people who go on leave around.
You have to be an active Wells Fargo employee who has NOT given notice when the bonus is paid out. If you are on leave and return after bonuses are paid (end of January) then you will receive your bonus within two checks of returning. If you put in two weeks notice before you receive the bonus, you are forefitting it.
@1zfa+1jYGddUT certain positions are bonus eligible
going on leave does not insulate you from being displaced.
What bonus is everyone talking about? I’ve been with wells for a couple years and never received a end of year bonus. Is this only for certain departments?
Click “request leave” in workday.
Then it asks you how long you want off.
Then, it asks you if you want it paid or unpaid.
So you can go up to 6 months paid and for the reason just put “I am entitled.”
Unless you are worried about being canned or a written warning before February, I’d recommend waiting until February to go on leave. Going on leave won’t stop the review process or the bonus amount. If you feel your job is in jeopardy long term, going on leave is a valid strategy.
Retirees no longer get bonuses; even if retired on 12/31. This was changed earlier this year.
It’s bonus eligible not bonus guaranteed, so don’t quit before you get the check deposited. After February I’m gone and i know quite a few others planning the same thing. Mass exit in February.
I just want to know how you go about getting a leave. What do u need to do/ provide?
Are you new? People that go on leave tend to be the most entitled people ever.
2 years ago, I was given notice on December 1st and officially laid off on Jan 30th. I was paid a bonus, although I think it was the smallest bonus I had ever received in 16 years. Its been a while , but when I was a manager , bonus eligibility was you had to be on the payroll at the time of the bonus payout. (This payout date was traditionally around March 1st, however they have moved it up in the last few years so it may come as soon as the 1st of February. There were only a couple of exceptions to that rule. 1. you were laid recently laid off and still receiving payments or 2. you recently officially retired from Wells Fargo.
I was in a similar situation at a similar time, and received my bonus randomly while out on the leave, but I can't swear to whatever fine print they may have changed. There's no shame in it, you're not asking for money that isn't yours, and your mental wellbeing is more important than WF squeezing a couple extra bucks out of your misery. Sounds like you're being realistic and responsible here, so good luck and I hope it works out.
How do you expect to get a bonus when you are on leave?
When that much money is on the line, I agree - be conservative and wait until bonus payout before you give notice. Don't give two weeks' notice two weeks before the payout, either, because you're risking that your manager dismisses you faster than that. Don't listen to what people say, either. They may be reliable and have anecdotal stories about when they or a coworker left and still collected their bonus, but WF is constantly changing its policies to the detriment of employees so what was once true may not be anymore.
you clearly know already, this company is not to be trusted as competent or honest. Wait until the funds hit your account.
If working here anymore is too much to stomach, just do nothing for a few weeks, you will be no different than a large portion of the company
I’m always skeptical and rarely give WF benefit of the doubt
If you can - I’d recommend wait until funds are in your account before leaving