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7 West 7th Street

Cincinnati, Ohio 45202

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Undergrad Internships

No. of undergrad internships in:

2005: 237

2006: 274

2007: 295

2006 interns from the following classes:

0% Freshman

10% Sophomores

20% Juniors

70% Seniors

0% Graduates

2006 interns from the following majors:

70% Business

0% Computer Science

10% Economics

0% Engineering

20% Liberal Arts

0% Math

0% Science

0% Undeclared

0% Other

100% of internships paid

0% of internships unpaid

Is there an offical summer internship program? Yes

Average length of summer program: 10 weeks

Minimum: NA weeks

Maximum: NA weeks

Average hourly wage: $14.00

Are interns paid on lump sum basis? No

Average total intern compensation: $5,600

77% of eligible 2006 interns received full-time job offers

67*% of interns with offers accepted

NOTE: The acceptance rate among interns in the merchant/buying program was 81%, while the acceptance rate for the stores was 57%.

Applicants & New Hires

104 undergrad campuses where employer recruited 2006-07

95 undergrad campuses where employer made job offers

Applicants for entry-level jobs

2005: 8,000

2006: 9,000

2007: 12,000

Entry-level hires

2005: 536

2006: 435*

2007: 501

Entry-level hires who were undergrad interns

2005: 13%

2006: 26%

2007: 27%

Most important characteristics for new hires:

1-Analytical Skills

2-Communication Skills

3-Leadership Skills

2006 new hires majored in:

70% Business

0% Computer Science

10% Economics

0% Engineering

20% Liberal Arts

0% Math

0% Science

0% Undeclared

0% Other

...and are:

14% African American

6% Hispanic American

10% Asian American

0% Other

30% Total minorities

69% Female

NOTE: On-campus recruiting efforts were decreased in 2006 due to May Department Stores and Macy's, Inc. merger.

Salary & Benefits

Entry-level hires since Jan. 1

Average base salary: $35,000 to $39,999

0% earn less than $35,000

70% earn $35,000 to $39,999

30% earn $40,000 to $44,999

0% earn $45,000 to $49,999

0% earn $50,000 to $54,999

0% earn $55,000 to $59,999

0% earn $60,000 to $64,999

0% earn $65,000 to $69,999

0% earn $70,000 and above

Bonuses, Overtime & Perks

0% received signing bonuses

Average signing bonus: $NA

0% received performance bonus first year on job

Average performance bonus, 2006: $NA

68% of 2006 entry-level hires eligible for OT

32% 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? No

Time Off

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

If no, total paid vacation days:

During first year: 5

After 1 year: 10

After 3 years: 15

After 5 years: 20

After 10 years: 25

Total paid holidays: 6

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: Unlimited

Is flex time available? Yes

Sick, personal days, first year: NA*

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

72 months to full vesting in 401(k)

Max. company match as a percentage of salary: 1.65%

Min. employee set-aside as a percentage of salary to receive max. co. match: 5%

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? Yes

Months to full vesting in profit-sharing program: 72

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

NA* days during first year

NA* days after 1 year

NA* days after 3 years

NA* days after 5 years

Other Benefits

Does company match employee charitable gifts? Yes

Max. annual company match for employee charitable gifts: $22,500

Does company pay relocation expenses? Yes

Max. annual relocation expenses? $NA

Employee Discounts

Gym memberships

Cell phone/service

Insurance

Cultural events

NOTE: Several of Macy's policies pertaining to educational reimbursement, maternity and paternity leave, sick days, etc. are determined by each of the operating divisions and amounts vary by division.

Work Environment

42 hours worked weekly by entry-level hires on average

Does average vary by business unit, department? Yes

Entry-level hire work locations...

35% in open work stations

65% in cubicles

0% in shared offices

0% in private offices

0% have no company-supplied work space

Does organization monitor e-mail?: Yes

Does organization monitor Web usage? Yes

Typical dress code

Business Casual

Casual Fridays

Casual

Formal/Business

Does organization sponsor employee volunteer opportunities? Yes

Does organization offer employee daycare? Not offered

Does organization have fitness facilities on site? Facilities not available

Training Programs

Does your organization have a formal orientation program? Yes

If yes, how many days is it? 5

Orientation includes:

Computer Training

Guest Speakers

Diversity Exercises

Team Building Activities

Tour of Facilities

$NA average spent on training, per new hire, in 2006

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

Performance Through People

Do candidates apply directly? No

If not, how is eligibility determined? Job title/responsibilities

When are new hires first eligible? Within First Year

Is program rotational? No

If yes, number of locations or business units: NA

Minimum rotations: NA

Maximum rotations: NA

Length of program, in weeks: 10

Minimum: NA weeks

Maximum: NA weeks

After program, employees offered permanent positions: 100%

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

If yes, amount of typical raise: Up to 5%

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

Does company have formal mentorship program? Yes

90% of entry-level hires participate

8 days of additional training expected

Getting Ahead

Three-year retention rate: 65%

Five-year retention rate: 48%

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? One-year anniversary

Evaluations

Frequency of evaluations

Annually

Important qualities

3-Analytical Skills

1-Leadership Ability

2-Sales/Revenues

Min. tenure in years required for job change: 1

Describe any rules that apply:

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: 556*

No. of employees with VP or similar title with 20 years plus seniority: 167

Age of youngest employee with VP or similar title: 35

Seniority of youngest employee with VP or similar title in years: 3

NOTE: Due to the merger of May Department Stores and Macy's, Inc. there has been an increase in the number of VP-level positions.