1. Salary and financial rewards, hikes are good in R&D but IT always have budget issues. May be that is industry trend.
2. Not strong from process point of view. Lack of clarity in work scope.
3. Need more opportunities for skill upgrade. Mentoring is sorely missed by many.
4. Sometimes work culture in the team is so adhoc that it results in lack of accountability. In my opinion it is rampant in higher ladders as well thus making them dependent on individual heroics.
5. HR practice is not strong so lot dependent on your manager.