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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2.0
Oct 19, 2017

Hit & Miss

Recommend
CEO approval
Business Outlook

Pros

-Great place to get some experience in banking -Overall, the people within the branches are very kind, genuine people -Health benefits are decent -Set hours/Paid holidays/No weekend hours

Cons

-Very little training - the training provided is 80% through e-learning, 20% hands-on training (this has been true for all of the positions I have been in within the company). -Poor compensation - relies heavily on bonuses as justification for low pay, despite the fact that bonuses are not guaranteed to make up for low wages. -Long-standing policies regarding PTO/Vacation time are outdated and inconvenient for employees.

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WaFd Bank Response
8y
Thanks for your feedback. We are working on improving our training and technology to simplify the lives of our clients and colleagues. Have a wonderful holdiay season
2.0
Sep 20, 2017
Recommend
CEO approval
Business Outlook

Pros

Great benefits, you build a personal rapport with your customers, no high sales pressure, products are genuine and have little to no fine print, learn to perform a lot of different tasks and great support teams.

Cons

High health insurance deductible, poor training for new employees, terrible pay, you are given tasks beyond your job description, expected to perform tasks within multiple roles, you aren't fairly compensated for tasks performed, little to know acknowledgement, no support from higher positions, no real room for growth, no set procedures and guidelines, no "care" for their employees.

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WaFd Bank Response
8y
Thanks for your comments and advice. We are rolling out a training initiative this year and more defined career paths. If you look around and see all of the people that will be retiring in the next 5 years, I think the opportunities are immense for those with the skills and the drive.
4.0
Sep 20, 2017
Recommend
CEO approval
Business Outlook

Pros

Employed here 5 yrs.-- from a merger with another bank. I find the people here are outstanding to work with. Each department takes ownership of their stuff, then work together for the good of the company. New Colleagues are asked to "presume good will" and "be nice." Simple, but makes an environment I truly appreciate. The CEO asks two things, "Love what you do. Make a difference." Not that hard, I'm super glad to be here.

Cons

While my compensation is competitive, I understand the branch positions could be higher.

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WaFd Bank Response
8y
Thank you K Falls - what a great example of how WAFD has been able to successfully integrate acquisitions. Our K Falls marketing team is exceptional!
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