32. Elli Lilly and Company

Contact Info

Elli Lilly and Company
Lilly Corporate Center

Indianapolis, Indiana 46285

Web site

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Undergrad Internships

No. of undergrad internships in:

2005: 149

2006: 165

2007: 193

2006 interns from the following classes:

NA% Freshman

NA% Sophomores

NA% Juniors

NA% Seniors

NA% Graduates

2006 interns from the following majors:

NA% Business

NA% Computer Science

NA% Economics

NA% Engineering

NA% Liberal Arts

NA% Math

NA% Science

NA% Undeclared

NA% 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: NA weeks

Maximum: NA weeks

Average hourly wage: $16.70

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

Applicants & New Hires

79 undergrad campuses where employer recruited 2006-07

30 undergrad campuses where employer made job offers

Applicants for entry-level jobs

2005: NA

2006: NA

2007: NA

Entry-level hires

2005: 294

2006: 574

2007: 289

Entry-level hires who were undergrad interns

2005: 10%

2006: 10%

2007: 2%

Most important characteristics for new hires:

2-Leadership Skills

3-College Major

1-College GPA

2006 new hires majored in:

NA% Business

NA% Computer Science

NA% Economics

NA% Engineering

NA% Liberal Arts

NA% Math

NA% Science

NA% Undeclared

NA% Other

...and are:

6% African American

5% Hispanic American

7% Asian American

3% Other

21% Total minorities

62% Female

Salary & Benefits

Entry-level hires since Jan. 1

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

0% earn less than $35,000

0% earn $35,000 to $39,999

0% earn $40,000 to $44,999

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

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

100% 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

0% of 2006 entry-level hires eligible for OT

100% 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: 12

After 1 year: 12

After 3 years: 12

After 5 years: 15

After 10 years: 18

Total paid holidays: 9

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: NA

Is flex time available? Yes

Sick, personal days, first year: 6*

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? No

Extra charge for vision coverage? NA

Are same sex partners permitted as dependents? Yes

Pension and Profit-sharing

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

36 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: 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: 36

Are entry-level hires eligible for profit-sharing program? Yes

Months to full vesting in profit-sharing program: 0

Maternity/Paternity Leave

Maximum Maternity Leave

50 days during first year

50 days after 1 year

50 days after 3 years

50 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: $30,000

Does company pay relocation expenses? Yes

Max. annual relocation expenses? $NA

Employee Discounts

Car rentals

Gym memberships

Insurance

Cultural events

Publications

NOTE: After 3 consecutive days off for illness, an employee is considered for FMLA protection; 24 hours of 'personal day' time are allotted per calendar year.

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...

5% in open work stations

80% in cubicles

0% in shared offices

0% in private offices

15% have no company-supplied work space

Does organization monitor e-mail?: No

Does organization monitor Web usage? No

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

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

Tour of Facilities

Computer based orientation occurs over several days in addition to the one day of formal training.

$1,500 average spent on training, per new hire, in 2006

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

The Lilly Initial Financial Experience leadership program*

Do candidates apply directly? No

If not, how is eligibility determined? All entry hires are included.

When are new hires first eligible? Immediately

Is program rotational? No

If yes, number of locations or business units: NA

Minimum rotations: NA

Maximum rotations: NA

Length of program, in weeks: 24

Minimum: NA weeks

Maximum: NA weeks

After program, employees offered permanent positions: NA

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

100% of entry-level hires participate

NA days of additional training expected

NOTE: The Lilly Initial Financial Experience Leadership program involves mentoring and intensive training on topics ranging from the pharmaceutical industry and Lilly's competitive strategy and product pipeline to leadership development in finance.

Getting Ahead

Three-year retention rate: 68%

Five-year retention rate: 58%

How are raises determined?

Performance

When are entry-level hires eligible for first raise? Upon their first merit cycle review

How are promotions determined?

Performance

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

Evaluations

Frequency of evaluations

Annually

Important qualities

Min. tenure in years required for job change: 3

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: 88

No. of employees with VP or similar title with 20 years plus seniority: 42

Age of youngest employee with VP or similar title: 39

Seniority of youngest employee with VP or similar title in years: 17