2007 Best Places to Launch A Career

12. General Electric

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3135 Easton Turnpike

Fairfield, Connecticut 06828

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If you're considering GE, you're not alone: Applications for entry-level jobs tripled this year, and hiring is up 14%.

Undergrad Internships

No. of undergrad internships in:

2005: 2,300

2006: 2,200

2007: 2,200

2006 interns from the following classes:

1% Freshman

5% Sophomores

25% Juniors

66% Seniors

3% Graduates

2006 interns from the following majors:

30% Business

7% Computer Science

4% Economics

57% Engineering

0% Liberal Arts

0% Math

0% Science

0% Undeclared

16% Other

98% of internships paid

2% of internships unpaid

Is there an offical summer internship program? Yes

Average length of summer program: 10 weeks

Minimum: 8 weeks

Maximum: 12 weeks

Average hourly wage: $19.00

Are interns paid on lump sum basis? No

Average total intern compensation: $10,000

50% of eligible 2006 interns received full-time job offers

85% of interns with offers accepted

Applicants & New Hires

147 undergrad campuses where employer recruited 2006-07

83 undergrad campuses where employer made job offers

Applicants for entry-level jobs

2005: 10,000

2006: 9,890

2007: 29,512

Entry-level hires

2005: 826

2006: 723

2007: 845

Entry-level hires who were undergrad interns

2005: 41%

2006: 50%

2007: 65%

Most important characteristics for new hires:

3-Analytical Skills*

1-College Major

2-College GPA

2006 new hires majored in:

30% Business

7% Computer Science

4% Economics

53% Engineering

0% Liberal Arts

0% Math

0% Science

0% Undeclared

6% Other

...and are:

NA% African American

NA% Hispanic American

NA% Asian American

NA% Other

NA% Total minorities

NA% Female

NOTE: Integrity and Leadership are also very important characteristics in an entry-level applicant

Salary & Benefits

Entry-level hires since Jan. 1

Average base salary: $55,000 to $59,999

NA% earn less than $35,000

NA% earn $35,000 to $39,999

NA% earn $40,000 to $44,999

NA% earn $45,000 to $49,999

NA% earn $50,000 to $54,999

NA% earn $55,000 to $59,999

NA% earn $60,000 to $64,999

NA% earn $65,000 to $69,999

NA% earn $70,000 and above

Bonuses, Overtime & Perks

75% received signing bonuses

Average signing bonus: $4,000

0% received performance bonus first year on job

Average performance bonus, 2006: $NA

NA% of 2006 entry-level hires eligible for OT

NA% of 2006 entry-level hires not eligible for OT

Reimburse employees for ed expenses?: Yes

Do employees become eligible immediately?: Yes

Maximum annual education reimbursement: $70,000

Full grad school sponsorship for jr. level employees? Yes

Partial grad school sponsorship for jr. level employees? No

Time Off

Is there a Paid Time Off (PTO) Bank? No

If no, total paid vacation days:

During first year: 10

After 1 year: 10

After 3 years: 10

After 5 years: 15

After 10 years: 20

Total paid holidays: 12

Time off for religious observances: Yes

If yes, max PTO days:

During first year: NA

After 1 year: NA

After 3 years: NA

After 5 years: NA

After 10 years: NA

Total days off for religious observances: 5

Is flex time available? Yes

Sick, personal days, first year: 25

Health Benefits

Do entry-level hires have access to health plan? Yes

Employees pay part of the cost? Yes

Does health plan provide dental coverage? Yes

Extra charge for dental coverage? Yes

Does health plan provide vision coverage? Yes

Extra charge for vision coverage? No

Are same sex partners permitted as dependents? Yes

Pension and Profit-sharing

Do entry-level hires have access to 401(k)? Yes

60 months to full vesting in 401(k)

Max. company match as a percentage of salary: 4%

Min. employee set-aside as a percentage of salary to receive max. co. match: 8%

If 401(k) match not calculated as percentage of salary, explain:

Are entry-level hires eligible for co-funded pension? Yes

Months to full vesting in co-funded pension: 60

Are entry-level hires eligible for profit-sharing program? No

Months to full vesting in profit-sharing program: NA

Maternity/Paternity Leave

Maximum Maternity Leave

40 days during first year

40 days after 1 year

40 days after 3 years

40 days after 5 years

Maximum Paternity Leave

5 days during first year

5 days after 1 year

5 days after 3 years

5 days after 5 years

Other Benefits

Does company match employee charitable gifts? Yes

Max. annual company match for employee charitable gifts: $50,000

Does company pay relocation expenses? Yes

Max. annual relocation expenses? $NA

Employee Discounts

Car rentals*

Gym memberships

Cell phone/service

Insurance

Cultural events

Publications

NOTE: Other employee discount purchasing agreements include computers, flowers, appliances, cars, electronics, and more.

Work Environment

45 hours worked weekly by entry-level hires on average

Does average vary by business unit, department? Yes

Entry-level hire work locations...

NA% in open work stations

NA% in cubicles

NA% in shared offices

NA% in private offices

NA% have no company-supplied work space

Does organization monitor e-mail?: No

Does organization monitor Web usage? Yes

Typical dress code

Business Casual

Casual Fridays

Formal/Business

Does organization sponsor employee volunteer opportunities? Yes

Does organization offer employee daycare? Some locations

Does organization have fitness facilities on site? Most locations

Training Programs

Does your organization have a formal orientation program? Yes

If yes, how many days is it? 3

Orientation includes:

Computer Training

Guest Speakers

Diversity Exercises

Team Building Activities

Tour of Facilities

Integrity, safety

$25,000 average spent on training, per new hire, in 2006

Is there a formal leadership program for entry-level hires of a year or less? No

NA

Do candidates apply directly? NA

If not, how is eligibility determined? NA

When are new hires first eligible? NA

Is program rotational? NA

If yes, number of locations or business units: NA

Minimum rotations: NA

Maximum rotations: NA

Length of program, in weeks: NA

Minimum: NA weeks

Maximum: NA weeks

After program, employees offered permanent positions: NA

After program, do employees offered permanent position receive raise? NA

If yes, amount of typical raise: NA

Is there a formal leadership program for entry-level hires of a year or more? Yes

Edison Engineering Development Program

Do candidates apply directly? Yes

If not, how is eligibility determined?

NA

When are new hires first eligible? Immediately

Is program rotational? Yes

If yes, number of locations or business units NA

Minimum rotations: 3*

Maximum rotations: 4

Length of program, in weeks: NA

Minimum: 104 weeks

Maximum: 156 weeks

After program, employees offered permanent positions: 100%

After program, do employees offered permanent position receive raise? Yes

If yes, amount of typical raise: 20-24.9%

Does company have formal mentorship program? Yes

99% of entry-level hires participate

5 days of additional training expected

NOTE: Participants in the Edison Engineering Development Program usually work at 2 businesses and/or 2 different physical locations during the two year program.

Getting Ahead

Three-year retention rate: NA%

Five-year retention rate: NA%

How are raises determined?

Performance

When are entry-level hires eligible for first raise? One-year anniversary

How are promotions determined?

Performance

When are entry-level hires eligible for first promotion? Two years or more

Evaluations

Frequency of evaluations

Quarterly

Important qualities

1-Analytical Skills

2-Leadership Ability

3-Team Player

Min. tenure in years required for job change: 2

Describe any rules that apply: Most program hires complete the program prior to taking a new role.

Long-Term Prospects

Does position of VP exist at this organization? Yes

If not, is there a comparable title? NA

No. of employees who hold VP or similar title: 5,000

No. of employees with VP or similar title with 20 years plus seniority: NA

Age of youngest employee with VP or similar title: NA

Seniority of youngest employee with VP or similar title in years: NA

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