Why is Wells Fargo Making Earning Bonuses Harder?
Last year, as our campaign for a union at Wells Fargo continued to heat up, the company started giving employees a "special cash bonus" of $1000. They're doing it again this year, with a $1100 cash bonus.
It was a sign that Wells Fargo was feeling the pressure from our organizing campaign to make changes. But, a $1000 bonus isn’t enough to make us stop organizing our union — we deserve a lot more.
If you read the fine print, the system seems rigged. Wells Fargo is making it more difficult to earn that cash bonus. We've heard from workers that managers are instructed to give a certain percentage of poor performance reviews so fewer people can qualify for the cash bonus. This is impacting everyone's raises too.
Meanwhile, Charlie Scharf just got a $2.2 million raise. Now he makes $31.2 million, including a $7.2 million cash bonus!
If Wells Fargo wants to provide good wages and retain employees, why would they make it harder to earn our bonus? Wells Fargo can afford to pay our bonuses
We deserve fair compensation, adequate staffing, affordable health insurance, retirement security, and a lot more from Wells Fargo. With a union, we will have a say in our wages and working conditions and have the ability to bargain with the company to make improvements.
What do you think? Let us know your thoughts on the new bonus requirements by taking our short and confidential survey