WaFd Bank reviews

3.2

49% would recommend to a friend

(296 total reviews)
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Brent Beardall

63% approve of CEO

41% positive business outlook

Reviews by job title

296 reviews

Reviews about "Compensation"

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5.0
Oct 29, 2020
Recommend
CEO approval
Business Outlook

Pros

Insurance is amazing. Great paid time off and sick time. CEO is the bomb. Lots of perks to working here that shows the company cares.

Cons

Wish pay was higher, even if it meant to sacrifice other things such as stock options, and decreased 401k contributions

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WaFd Bank Response
5y
Thank you for your post, it is great to see your comments. I will correct you and say the CEO is not the BOMB but rather the luckiest guy around. We have a great team and are just scratching the surface of what we can do for our clients. #Gladtobe@WaFdBank
2.0
Oct 20, 2020
Recommend
CEO approval
Business Outlook

Pros

Pros: they woo you in with promises of bonuses that likely never happen, the office politics are off the chart, you get promoted if you are "popular" as many others on this site have said - the system is closely monitored and controlled (as it should be) but at times to the detriment of employees.

Cons

Work environment with upper management is absolutely horrid. They have all the buzz words and none of the action to support it. They truly don't care.

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WaFd Bank Response
5y
I am sorry to hear of your experience. We just paid out the highest bonuses ever for our retail bank and that was because of the incredible hard work of our teams during this pandemic and the growth in both loans and deposits. I wish you the best going forward.
3.0
Oct 13, 2020

I Love the Culture

Recommend
CEO approval
Business Outlook

Pros

Working for WaFd has been incredible. Management is more than willing to help you grow and never holds you back when your ambitions reach past your position. Retail Bonus structure is enticing. It does steer us to work harder and smarter for the bank and they rightfully reward us when the work is done - for bonuses that is. I am rarely talked down to, even as a retail employee. Whether I speak with VP's, Branch Support, etc..., it doesn't matter. I, for the most part, am treated with respect and am more than willing to give it back.

Cons

Oh my gosh the base pay is atrocious. Moving from Teller to Personal Banker increased my responsibilities 10 fold, yet my pay is only slightly above a Fast Food worker. If they raised their base pay, which I know they can afford from looking at WaFd's financial statements, I would recommend our bank to anyone. When employees are productive, efficient, and add incredible value to their company, the pay should reflect that. There SHOULD NOT be a fight to get pay increased more than a few %. Our dividends are high, it feels like they are appealing to the Shareholders rather than the employees who are doing their best.

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WaFd Bank Response
5y
Thank you for your post. We have made significant strides in raising base pay but there is clearly more work to be done as basic costs of living (like rent) continue to increase. We try to strike the balance between the needs of our employees, customers and shareholders - all are important.
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