Wells Fargo Fund Employee Reveals: Base Salary 10k with 20-Month Year-End Bonus? The Struggles of IT Development in Finance?

Deep News15:22

An IT developer at Wells Fargo Fund reportedly receives a monthly base salary of 10,000 yuan but is granted a year-end bonus equivalent to 15–20 months' pay, though the payment is delayed until the following year. The whistleblower complained about the demanding 9–9–5 work schedule, poor work environment, and expressed a desire to return to the internet industry. Online commentators noted that such a substantial year-end bonus acts as a "retention tool."

The strategy of offering a low base salary coupled with high bonuses is intended to promote long-term commitment. The company aims to encourage employees to stay through project cycles rather than leave shortly after receiving compensation.

While the 9–9–5 schedule is indeed exhausting, financial IT systems demand zero tolerance for errors. Strict management is seen as necessary to safeguard job security for all staff members.

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