Best Places to Work in IT 2012 Employer Profile

No. 3

Commonwealth Financial Network

Waltham, Mass. [New England]
http://www.commonwealth.com
http://www.commonwealth.com/ProsEmployee/ProfessionalDevelopment_JobOpenings.asp

Why you want to work there

Top 10 rankings: No. 1 for retention, No. 2 for training
The unusually long tenures of IT employees at this financial services company in Waltham, Mass., speak to the firm's support for employee work/life balance. A unique perk for people who have worked at Commonwealth Financial for three years is a free stay at one of the company chairman's vacation homes on Cape Cod or in the Dominican Republic, Las Vegas, Florida or Maine.

Rank by company size:
Small, No. 2

Employee Statistics

Total U.S.-based employees: 519

Total U.S.-based IT employees: 134

IT employee turnover in 2011: 9%

IT promotions in 2011: 14%

Training

Training days offered per IT employee in 2011: 15

Training budget per IT employee in 2011: $5,052

Women in IT

Total percentage of women within IT: 21%

Percentage of IT managers who are women: 0%

Percentage of IT staffers (non-managers) who are women: 23%

Minorities in IT

Total percentage of minorities within IT: 18%

Percentage of IT managers who are minorities: 0%

Percentage of IT staffers (non-managers) who are minorities: 20%