JPMorgan Chase

• Benefits are somewhat decent.
• Work/life balance in my area is also pretty decent, as there isn't a huge amount of overtime.
• They seem to want to change for the better.

• Top-level heavy organization (too many people up top using their mouths, not enough people actually doing work)

• Too much bureaucracy. As a software developer, I spend 90% of the time filling out paperwork.

• Upper management does not seem to care about employee morale, nor do they seem to care about our concerns. They are not very transparent and often change their minds on a dime.

• People seem to not really understand what comes out of their mouths.

• There is very little recognition for those who actually do the work.

• They are extremely stingy with "blue money" and cut down any and all company expenses.

• Compensation for software engineers is way below market value.

• Technologies and practices are extremely dated.

While these have been my experiences, please do note that this may not apply to other areas (although I've also heard very similar feedback from others from other areas).

The morale of the team is extremely important if you want to retain good employees. People that do not know what they are doing or talking about seem to be in positions they don't deserve. Also, there are way too many people telling us what they want done while not giving us enough resources to actually do the work.