24. Johnson & Johnson

Contact Info

1 Johnson & Johnson Plaza

New Brunswick, New Jersey 08901

Web site

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Undergrad Internships

No. of undergrad internships in:

2005: 990*

2006: 873*

2007: NA

2006 interns from the following classes:

5% Freshman

10% Sophomores

35% Juniors

50% Seniors

NA% Graduates

2006 interns from the following majors:

41*% Business

6% Computer Science

NA% Economics

40% Engineering

8% Liberal Arts

% Math

8% Science

4% Undeclared

0% Other

100% of internships paid

0% of internships unpaid

Is there an offical summer internship program? Yes

Average length of summer program: 12 weeks

Minimum: 8 weeks

Maximum: 16 weeks

Average hourly wage: $17.00

Are interns paid on lump sum basis? No

Average total intern compensation: $8,000

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

NA% of interns with offers accepted

NOTE: Numbers include both co-ops and internships.

Applicants & New Hires

50 undergrad campuses where employer recruited 2006-07

45 undergrad campuses where employer made job offers

Applicants for entry-level jobs

2005: NA

2006: NA

2007: NA

Entry-level hires

2005: 482

2006: 479

2007: NA

Entry-level hires who were undergrad interns

2005: NA%

2006: NA%

2007: NA%

Most important characteristics for new hires:

2-Communication Skills*

1-Leadership Skills

3-College Major

2006 new hires majored in:

41*% Business

6% Computer Science

NA% Economics

28% Engineering

8% Liberal Arts

% Math

8% Science

4% Undeclared

5% Other

...and are:

10% African American

12% Hispanic American

15% Asian American

1% Other

38% Total minorities

59% Female

NOTE: A minimum GPA is required for many of our Leadership Development Programs. A second language or living abroad experience is also highly desirable.

NOTE: Economics is included with Business

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

40% received signing bonuses

Average signing bonus: $3,000

100% received performance bonus first year on job

Average performance bonus, 2006: $2,500

100% of 2006 entry-level hires eligible for OT

0% 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? No

Partial grad school sponsorship for jr. level employees? Yes

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: 15

After 5 years: 15

After 10 years: 20

Total paid holidays: 10

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: 2

Is flex time available? Yes

Sick, personal days, first year: Unlimited

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? No

Does health plan provide vision coverage? Yes

Extra charge for vision coverage? Yes

Are same sex partners permitted as dependents? Yes

Pension and Profit-sharing

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

12 months to full vesting in 401(k)

Max. company match as a percentage of salary: 4.5%

Min. employee set-aside as a percentage of salary to receive max. co. match: 6%

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

NA days during first year

NA days after 1 year

NA days after 3 years

NA 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: $NA

Does company pay relocation expenses? Yes

Max. annual relocation expenses? $20,000*

Employee Discounts

Car rentals

Cell phone/service

Insurance

Cultural events

NOTE: There is no maximum educational reimbursement amount.

Relocation is based on specifics of each move.

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...

0% in open work stations

75% in cubicles

5% in shared offices

5% in private offices

15% have no company-supplied work space

Does organization monitor e-mail?: Yes

Does organization monitor Web usage? Yes

Typical dress code

Business Casual

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 7 on-site day care facilities and offers vouchers and discounts to all locations in the US.

J&J offers discounts and subsidies for off-site fitness opportunities; also provides guided fitness opportunities online and discounts for positive health practices relative to cost of healthcare.

Training Programs

Does your organization have a formal orientation program? Yes

If yes, how many days is it? 2

Orientation includes:

Computer Training

Tour of Facilities

Enrollments, meetings with team members & business partners, lunches, dinners, security procedures

$6,000 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

Information Technology Leadership Development Program

Do candidates apply directly? Yes

If not, how is eligibility determined?

NA

When are new hires first eligible? Other (explain below)

Participants are selected during college recruitment process and go directly into the program.

Is program rotational? Yes

If yes, number of locations or business units 3

Minimum rotations: NA

Maximum rotations: NA

Length of program, in weeks: 104

Minimum: NA weeks

Maximum: NA weeks

After program, employees offered permanent positions: 75% to 99%

After program, do employees offered permanent position receive raise? No

If yes, amount of typical raise: NA

Does company have formal mentorship program? Yes*

30% of entry-level hires participate

7 days of additional training expected

NOTE: Because J&J has a decentralized program, there is no 'standard' mentorship program; there are a variety of voluntary mentorship programs at each of J&J's different operating companies.

Getting Ahead

Three-year retention rate: 70%

Five-year retention rate: 65%

How are raises determined?

Performance

When are entry-level hires eligible for first raise? March of each year

How are promotions determined?

Performance

Must be in job for at least 1 year.

When are entry-level hires eligible for first promotion? Based on performance and role, must apply for opportunities across company

Evaluations

Frequency of evaluations

Twice a year

Important qualities

3-Customer Satisfcation

2-Organization Skills

1-Productivity/Efficiency

Min. tenure in years required for job change: 1

Describe any rules that apply: Must be performing at a satisfactory level and not be on a performance plan; Employees are able to apply for opportunities in less than 12 months if their current supervisor approves.

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: 702

No. of employees with VP or similar title with 20 years plus seniority: 160

Age of youngest employee with VP or similar title: 30

Seniority of youngest employee with VP or similar title in years: 2