Best Places to Work in IT 2011 Employer Profile

No. 56

Raymond James Financial Inc.

St. Petersburg, Fla. [South Atlantic]

Why you want to work there

Plan for the future while you work at this financial services firm in St. Petersburg, Fla. The company offers a diverse package that includes not only traditional 401(k) and Roth IRA plans, but also profit sharing, employee stock ownership and employee stock purchase plans, and securities discounts. Similar to traditional pension plans, the profit-sharing plan allocates a portion of profits to a general fund distributed to eligible employees annually, based on the individual's compensation and length of service, thus providing a means of sharing in the company's success on a long-term basis. The employee stock ownership plan allocates shares of Raymond James common stock to eligible employees, who can cash in the vested portion of their portfolios when they retire. This plan allows diversification of the account into mutual funds as an employee nears retirement age. The stock purchase plan gives employees the opportunity to buy shares of the company's common stock at 85% of fair market value. Additionally, the company provides a securities discount program through which employees can pay for trade transactions at a discounted rate. A special trading and service desk assists employees, their spouses, and their children under 18 years of age with general and account-specific questions and requests.

Rank by company size:
Medium, No. 16

Employee Statistics

Total U.S.-based employees: 6,666

Total U.S.-based IT employees: 818

IT employee turnover in 2010: 6%

IT promotions in 2010: 8%


Training days offered per IT employee in 2010: 3

Training budget per IT employee in 2010: $657

Women in IT

Total percentage of women within IT: 36%

Percentage of IT managers who are women: 33%

Percentage of IT staffers (non-managers) who are women: 36%

Minorities in IT

Total percentage of minorities within IT: 17%

Percentage of IT managers who are minorities: 8%

Percentage of IT staffers (non-managers) who are minorities: 18%