Wells Fargo employee pressured into increasing their quota of opening new accounts

 

Respond to the following questions in a minimum of 50 words per question:
• I had a Wells Fargo employee in one of my previous classes and the student explained how employees were pressured into increasing their quota of opening new accounts. That student and employee chose to leave Wells Fargo (Arnold, 2016).
What would have you done? Quit your job or hang in there, because you had to support yourself and possibly your family?

 

Sample Solution

 

 

 

 

 

This is a tough situation. Here’s what I would consider:

Leaving Wells Fargo:

  • Ethics: If the pressure to open unauthorized accounts is strong, staying could compromise my ethics and potentially lead to legal trouble. My integrity is important, and I wouldn’t want to contribute to practices that harm customers.
  • Stress: A high-pressure, unethical work environment can be incredibly stressful. Leaving might be necessary for my mental and emotional well-being.
  • Finding a new job: It can be scary to leave a job, especially if I have a family to support. However, depending on my skills and experience, the job market might offer better options with a healthier work environment.

Staying at Wells Fargo:

  • Financial security: A steady paycheck, especially with a family to support, is crucial. Leaving without a secure alternative could create financial hardship.
  • Internal options: Maybe there are ways to address the pressure internally. I could try to talk to a manager or HR about the situation.
  • Building a record: If I document the unethical pressure, it could be helpful if I decide to leave later or if legal action is taken against the company. However, this should be done cautiously to avoid retaliation.

Ultimately, the decision depends on the severity of the pressure, my financial situation, and my risk tolerance. If the pressure is extreme and finding a new job is feasible, leaving might be the best option. However, if the pressure is manageable and leaving would cause significant financial hardship, staying and trying to address it internally could be a temporary solution.

It’s also important to explore if there are other options at Wells Fargo that don’t involve the same pressure. It might be worth considering a transfer to a different department.

 

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