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No. of undergrad internships in:
2005: 1,070
2006: 1,009
2007: 1,056
2006 interns from the following classes:
3% Freshman
14% Sophomores
49% Juniors
18% Seniors
16% Graduates
2006 interns from the following majors:
19% Business
11% Computer Science
3% Economics
68% Engineering
1% Liberal Arts
2% Math
1% Science
0% Undeclared
4% Other
100% of internships paid
0% of internships unpaid
Is there an offical summer internship program? Yes
Average length of summer program: 11 weeks
Minimum: 10 weeks
Maximum: 12 weeks
Average hourly wage: $17.00
Are interns paid on lump sum basis? No
Average total intern compensation: $8,980
NA*% of eligible 2006 interns received full-time job offers
NA% of interns with offers accepted
NOTE: Internship opportunities are available in areas that include Engineering, Science, Manufacturing, Information Technology, Finance, Accounting and Supply Chain.
67 undergrad campuses where employer recruited 2006-07
67 undergrad campuses where employer made job offers
Applicants for entry-level jobs
2005: 20,638
2006: 19,536
2007: 10,424
Entry-level hires
2005: 1,974
2006: 1,016
2007: 692
Entry-level hires who were undergrad interns
2005: 25%
2006: 26%
2007: 28%
Most important characteristics for new hires:
2-Leadership Skills
3--College Major
1-Work Experience
2006 new hires majored in:
19% Business
11% Computer Science
3% Economics
60% Engineering
1% Liberal Arts
2% Math
1% Science
0% Undeclared
3% Other
...and are:
9% African American
9% Hispanic American
20% Asian American
1% Other
39% Total minorities
29% Female
Entry-level hires since Jan. 1
Average base salary: $50,000 to $54,999
0% earn less than $35,000
1% earn $35,000 to $39,999
12% earn $40,000 to $44,999
14% earn $45,000 to $49,999
19% earn $50,000 to $54,999
25% earn $55,000 to $59,999
26% earn $60,000 to $64,999
3% earn $65,000 to $69,999
0% earn $70,000 and above
Bonuses, Overtime & Perks
7% received signing bonuses
Average signing bonus: $4,300
100% received performance bonus first year on job
Average performance bonus, 2006: $2,500
47% of 2006 entry-level hires eligible for OT
53% 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: $NA*
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: 12
After 10 years: 15
Total paid holidays: 12
Time off for religious observances: No*
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: 0
Is flex time available? Yes
Sick, personal days, first year: 10
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
0 months to full vesting in 401(k)
Max. company match as a percentage of salary: 6%
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
20 days during first year
25 days after 1 year
45 days after 3 years
57 days after 5 years
Maximum Paternity Leave
20 days during first year
25 days after 1 year
45 days after 3 years
57 days after 5 years
Other Benefits
Does company match employee charitable gifts? Yes*
Max. annual company match for employee charitable gifts: $6,000
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: Employees are offered 100% tuition assistance for courses at accredited institutions along with related expenses (including application fees, entrance exams, books/software, and certain fees). There is no limit.
Employees may use vacation to observe religious holidays. International employees may adjust their holiday schedule to align with religious observances.
1:1 match up to $6,000 per household per year for charitable gifts. Eligible organizations include K-12 and higher education, arts, and cultural organizations.
No specific $ limit for relocation expenses. Expenses include actual reasonable transportation, shipment, temporary living, home/apt finding assistance, tax-assistance expenses.
Other employee discount purchasing agreements also include insurance discounts for auto, home, rental
Employees may use accumulated vacation and sick time for maternity and paternity leave.
42 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? No*
Typical dress code
Business Casual
Casual Fridays
Casual
Formal/Business
Does organization sponsor employee volunteer opportunities? Yes*
Does organization offer employee daycare? Some locations
Does organization have fitness facilities on site? Some locations
NOTE: The Company has the ability to monitor web and e-mail usage, but does not do so as standard practice. The Company may monitor usage for investigation of improper access or use.
Volunteer opportunities vary by location.
Training Programs
Does your organization have a formal orientation program? Yes
If yes, how many days is it? 1
Orientation includes:
Computer Training
Guest Speakers
Diversity Exercises
Team Building Activities
Tour of Facilities
Ethics, Code of Conduct, Export Compliance, International Traffic In Arms Regulation training.
$4,500 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
Business Career Foundation 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 6
Minimum rotations: 1
Maximum rotations: 6
Length of program, in weeks: 104
Minimum: NA weeks
Maximum: NA weeks
After program, employees offered permanent positions: 100%
After program, do employees offered permanent position receive raise? No
If yes, amount of typical raise: NA
Does company have formal mentorship program? No*
NA% of entry-level hires participate
4 days of additional training expected
NOTE: Informal and site-based mentoring programs are available for entry-level hires.
Getting Ahead
Three-year retention rate: 62%
Five-year retention rate: 59%
How are raises determined?
Competitive salaries based on factors including performance, job type, market.
When are entry-level hires eligible for first raise? One-year anniversary
How are promotions determined?
Depends on if opportunities open match skill set and qualifications
When are entry-level hires eligible for first promotion? Depends on if opportunities open match skill set and qualifications
Evaluations
Frequency of evaluations
Annually
Important qualities
1-Customer Satisfaction
3-Productivity/Efficiency
2-Quality
Min. tenure in years required for job change: 1
Describe any rules that apply: Minimum one year tenure requirement may be waived upon approval of employee's current management.
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: 260
No. of employees with VP or similar title with 20 years plus seniority: 157
Age of youngest employee with VP or similar title: 33
Seniority of youngest employee with VP or similar title in years: 1