What’s WF trying to do?
Seems like WF is recruiting a lot of managers and licensed bankers from Chase, I heard they’re trying to turn WF into another Chase, so in a few year everybody will be licensed. How is it gonna work in the long run? Right now premiers get paid minimum $90k while PCB only get $60k, I image a lot of people will be upset if they lower the base pay. If not then how will they afford to have everybody in the branch be licensed in a few years? The goal is to pay employees as little as possible while making the most profit possible. I know so many premiers in their roles for 20+ years and don’t want to leave because of how good the pay is, even with the recent change of micromanagement. The current model is working well honestly, big branches usually have 2-3 premiers that take all the affluent clients and 3-5 personal bankers that handle the general public. If everybody will be premiers then we all will be fighting for the affluent clients and no one will want to service mass. Is that how it is at Chase now? I would hate my job if I get interrupted during my calls by another nobody walking in demanding to know why they still haven’t gotten their SS payment this month.