Wells Fargo Case Study

Decent Essays
Wells Fargo & Company: A Career Employer Choosing an appropriate employer is vital to career success and security. It is important to identify the company’s dynamics, strengths, opportunities, and workplace salaries and benefits in order to make an educated decision for employment. Within the banking industry in the United States, there are several factors that determine the achievement and future durability of a banking company. According to a study conducted by Atkins et al., the researchers examined a link between bank competition and financial stability, concluding that “greater competition increases financial stability” (27). The study discussed the banks facing greater competition are “less likely to be targeted for regulatory enforcement …show more content…
Bank of America Corporation is growing in the banking sector in the US and in the mobile banking market to help in retaining customers. According to industry estimates, this market of consumers will “grow at a rapid pace in the near future” (“Bank of America” 30). In order to retain client interest and contribute to revenue and profit expansion, the Corporation will launch innovative products and services to increase the client loyalty and business volumes (31). In preparing for a more relevant business success, Wells Fargo & Company’s focus on wealth management will likely provide long term opportunities and yield favorable results in money management. Its continuing initiatives and focus on serving immigrant customers in personal and business banking will enable the Company to “capture the market and increase its presence in the growing cross cultural community” (“Wells Fargo & Company” 30). Similarly, the Company’s increasing online and mobile customer base improves the operating performance in the banking industry and enhances the self-service offerings and online experiences of its customers (30). The economic impact of a company’s business opportunities increases its reliability in the banking …show more content…
Although “Benefits & Advantages” discusses Bank of America Corporation’s packages as including health insurance, retirement plans, life management, and performance-based compensation, there is more that is needed when providing for a family in society today. Wells Fargo & Company demonstrates a more efficient employment program as listed on its “Our Benefits” webpage on Careers that includes health and life insurance options, educational reimbursement programs, and personal leave with family plans and offerings, containing caregiver leave and adoption reimbursement. These workplace benefits closely match with the personal and financial needs of families entering the financial industry employment opportunities today. Wells Fargo & Company has a better economic impact on the current financial industry and offers enhanced workplace salaries, benefits, job opportunities, and company diversity than Bank of America Corporation. Choices made on which banking industry employment firm is more efficient to work for depends on several comparable criteria. Careful research analysis on stable and secure financial businesses is pertinent to smart employment

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