They've given me a 1% wage increase every year for like the last 4 years. Inflation has been much higher than that. To me that's a clear signal that they don't value me any longer, my area has about 80% Indians now. Do i have a moral obligation in anyway to keep standards and work quality high? To provide training if im not a manager? Medical has went up, food, rent, gas, etc.. If they're going to short change me 20-30%, should i not drop my efforts by the same amount or more? I grew up with a father who taught me to always work hard. I feel what they are doing here is immoral and not fair, but i want to address their actions correctly and not be corrupted or have the wrong perspectives. Not sure if that makes sense, but thoughts?
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The only moral obligation you have is to make them pay your severance. Do it for the thousands of other people that Shart sc--wed. Make that evil little man pay, literally. He wants you to walk away for free and he doesn't deserve to get what he wants. We built this company and we earn the $20B/year. All he does is run cr-ppy town halls and ask consulting firms what he should do. He's a failed leader and a failed man. Don't let him win.
get out. there is no loyalty.
What obligation? Managers are playing Squid Games. Every man and woman for themselves. Lots of backstabbing going on.
If prospective employees researched Wells Fargo, they'd see the asset cap, consent decrees and billions in fines. Worse, employees are unionizing because they don't trust management. Look elsewhere to find honesty and your own true value. This firm is weak and despicable. Elizabeth Warren wants to shut it down. Amen.
The following is a complete list of all your moral obligations to ANY corporation:
(This area intentionally left blank)
You should have no moral obligation to any employer as they will always toss people aside and not give a cr-p about you.
But please! Everyone stop talking about employees from India. I am as white as you can be and for the most part, they are very good people and I enjoy working with them. For example, they are unfortunately thrown into the application lifecycle management process with little guidance or training. Or they lay off people who manage the sunrise/sunset process and now primary technology managers are somehow expected to take on that work and figure it out on their own.
Further, in my many years at First Union/Wachovia/Wells Fargo, I’ve worked with more incompetent white men and white senior executives who put us in our current situation. Ken Thompson, John Georgius, Stumpf, Carrie Toldsted, David Julian, I am sure people can list many others too. It’s one scandal after another and we are due for another soon.
Read parts of this OCC Report https://www.ofia.gov/decisions/2022-12-05-occ-aa-ec-2019-82.pdf
You will see why we are continually cleaning up scandals and other messes where senior executives took no actionable ignored multiple red flags. This is just one example. Years after knowing about our sales practice misconduct in 2013 and did nothing, Even ignoring articles published by the LA Times in 2015. It was the OCC which finally stepped in. Employees raised their hands as we are told
To do and even whistle blowers were dismissed.
Our efforts should be focused on our senior executives who continue looking the other way. And for making work uncomfortable for those they want to lay off so they do not have to pay severances. This despite having the $1 billion we have in reserve now for those severance packages. As well as ja--ing up our reserves for losses in our credit card and commercial real estate portfolios.
I have a feeling you have never worked hard
You are nothing more than a “resource” and will be replaced by an AI resource as soon as they can do so. Does AI have any moral obligations?
However, I believe that if I’m unwilling to go look for another job then I do owe them 40 hours a week of work but no more. I also have the moral obligation to my own health. Therefore, I am morally obligated to not work so hard that it leaves me exhausted at the end of each day or week.
Your father never worked at Wells Fargo.
Would he tell you to allow yourself to be taken advantage of by people who didn’t even see you as human?
Didn't Wells Fargo have a moral obligation to not lie, set up unwanted accounts and steal money from our customers? But some how, Wells will treat employees morally better? Right?
Brush up the resume, start looking elsewhere, build your network, and once you finally get the layoff / severance, head for greener pastures. I'll leave WF, but not for free. Shart doesn't deserve that.
I had a manager (who has since left WF for greener pastures) who repeatedly said, "I'm as loyal to this company as they are to me" which we have all seen that Wells Fargo is loyal to no employee.
I posture the same thing to you, given they feel no obligation (moral or otherwise) to you why would you to them?
moral obligation to your employer = zero
you have a moral obligation to yourself Do what is in your best interest
The words "moral obligation" and "bank" have zero association.
Remember this is just a job and should be treated as such. Maybe at one point carreers were made. That is no longer here nor there. Greed wins for now.
you have one life. take the risk and find a company that values you and pays you your worth. You have an obligation to yourself.
your moral obligation is to pursue a better external opportunity that will compensate you appropriately and in alignment with your efforts. until then you can think of your effort output on a per/hour basis in two-week sprints. eg earn every paycheck, and also try to go our and get a better one. good luck!!