Not what it used to be - Manager WaFd Bank Employee Review

1.0
1 Mar 2016
Recommend
CEO approval
Business outlook

Pros

The 11% to the 401K they put in is excellent. The people that work here are really nice and some are like family.

Cons

The 3% maximum raise that you will probably never see, does not keep up with what the economy has done. Senior management has seen 200 - 300% raises in the time I have been here. New employees are often making more than their supervisors because of the minimal pay raises and the current cost of wages. The bonus plan is a joke. There are no pay grades for any job. If you are new, I guarantee you make way more than the person with 10 years experience doing the same job. I could go on but I am sure you get the idea.

Explore other reviews about WaFd Bank

5.0
18 Mar 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The leadership at all levels is outstanding

Cons

No cons in the bank

2.0
28 May 2026
Recommend
CEO approval
Business outlook

Pros

Primarily remote work. Decent PTO after the 4th year.

Cons

Limited staffing and limiting overtime opportunities until the bitter end of potentially missing deadlines, which you are guilted into working. 2% "raise" every January and ZERO merit raises. Gutted profit sharing and profitability bonuses over time. Most recent bonus, which is tied to net profit after dividends, was given a result when the scale was never published. All previous bonuses had a floor-to-ceiling profit scale that showed the targets months in advance of the end of the bonus period.

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