Regions Financial Corp.
Number of Employees: 15981
Number of IT Employees: 460
IT Employee Promotions in 2003: 18 percent
IT Employee Turnover in 2003: 3 percent
Percentage of women IT managers: 27 percent
Percentage of minority IT managers: 14 percent
Percentage of women IT staff: 40 percent
Percentage of minority IT staff: 25 percent
Training days offered per IT employee in 2003: 3
Training budget per IT employee in 2003*: US$550
With some $48.5 billion in assets, Regions is one of the leading financial services providers in the nation, serving customers throughout the South with commercial and retail banking services and other financial services. A profit-sharing plan distributes a portion of the company's profits back to employees. The bank has never reduced its workforce, laid off workers or reduced salary during its 32-year history. An internal job posting program allows employees to bid on any position in the company. A new program gives selected IT employees the opportunity to work in all major areas of the IT division over a 12- to 18-month period.