Wells Fargo staff are more miserable than at any time in three years, and it shows the bank is struggling to recover from its sales scandal

3 Women in Suit SittingEmployees’ satisfaction at Wells Fargo has weakened since June, and staff’s confidence in the firm’s business outlook has dropped to its lowest since 2015, according to a new analysis on employment sentiment conducted by UBS Global Research.

The analysis, based on over 9,300 responses from Wells Fargo employees from jobs site Glassdoor, comes as the firm has been battling to revamp its reputation in the wake of the fake account sales scandal in 2016.

Wells Fargo’s overall employee satisfaction score — which contains a number of factors like work/life balance, compensation and benefits, as well as career opportunities — has declined significantly in the last three months. CEO Tim Sloan’s approval score still lags behind its peers both from bulge bracket banks and regional banks, although it has remained stable this year.

Source: Business Insider

One Response
  1. October 2, 2018

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