Retention Of Employee Strategy: Wells Fargo CEO

Satisfactory Essays
Retention of Employees - Strategy (1): Wells Fargo CEO will need to restructure customer service for the benefit of the customer, employees that in turn results in more profit for the shareholders. The company says they have improved recruiting and retention in the wake of the sales scandal. The bank has made big changes to how it compensates and evaluates employees in its branches. Wells Fargo has stopped paying branch workers based on how many products they sold and increased its minimum wage to a pay rate range of $13.50 and $17 per hour depending on the market they work in.
Get Access