Best Places to Work in IT 2011 Employer Profile

No. 51

Commonwealth Financial Network

Waltham, Mass. [New England]

Why you want to work there

After three years of service, employees at this financial services company in Waltham, Mass., are eligible to "rent" (free of charge) vacation homes owned by the chairman of Commonwealth. There are four locations from which to choose: two ski condos in Sunday River, Maine; a property in the Dominican Republic; two condos at the Ritz Carlton in Key Biscayne, Fla.; and a private home on Cape Cod. Bonus bucks Each employee is also eligible to receive a year-end bonus based on the company's attainment of set goals in each area of business: service, net operating margin performance and revenue growth performance. Each employee also receives a merit increase. A companywide employee recognition program was designed to celebrate individual and team achievements. Employees may receive monetary rewards at their manager's discretion, based on project work and performance.

Rank by company size:
Small, No. 8

Employee Statistics

Total U.S.-based employees: 467

Total U.S.-based IT employees: 105

IT employee turnover in 2010: 8%

IT promotions in 2010: 12%


Training days offered per IT employee in 2010: 15

Training budget per IT employee in 2010: $500

Women in IT

Total percentage of women within IT: 23%

Percentage of IT managers who are women: 12%

Percentage of IT staffers (non-managers) who are women: 28%

Minorities in IT

Total percentage of minorities within IT: 14%

Percentage of IT managers who are minorities: 24%

Percentage of IT staffers (non-managers) who are minorities: 14%