Pros
* Very smart people (analysts) * Interesting projects * Flexible work hours * The option to work from home * Good vacation and sick leave benefits * Onsite exercise facility * Free coffee * Bagel day I worked at Nerac for about 3 years. During the first half of my employment period, I really enjoyed working at Nerac. The other analysts were very smart and interesting to be around. They were fun to work with. I looked forward to seeing them every day.
Cons
After about six months into my employment at Nerac, the company started a transition into a new business model. Initially, I was very excited, but it soon became clear that there were serious problems. Numerous people were fired. The company started losing money. Analyst were put into difficult circumstances. It became impossible for analysts to meet performance objectives. Analysts were unfairly graded. A large number of analysts were laid off in 2007. The new business model was failing. The management at Nerac blamed the analysts and sales staff for all failures and the lackluster financial performance. The firings and staff reductions continued. Conditions worsened. I witnessed the careers of many analysts being sacrificed for the ambitions of a short sighted management. A tremendous amount of talent was wasted. It simply became too painful to work there and I left the company. The company is still in a downward spiral and I do not believe it will survive for much longer.