35. L'Oréal USA

Contact Info

575 5th Avenue

New York, New York 10017

Web site

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Undergrad Internships

No. of undergrad internships in:

2005: 110

2006: 109

2007: 111

2006 interns from the following classes:

0% Freshman

0% Sophomores

10% Juniors

90% Seniors

0% Graduates

2006 interns from the following majors:

16*% Business

6% Computer Science

13% Economics

35% Engineering

11% Liberal Arts

5% Math

15% Science

0% Undeclared

1% Other

100% of internships paid

0% of internships unpaid

Is there an offical summer internship program? Yes

Average length of summer program: NA weeks

Minimum: 10 weeks

Maximum: 13 weeks

Average hourly wage: $16.00

Are interns paid on lump sum basis? No

Average total intern compensation: $10,300

40% of eligible 2006 interns received full-time job offers

78% of interns with offers accepted

NOTE: The internship program is the main pipeline to full-time hires; summer programs are made up of three components: 'real-life' experience in an operational team; a strategic summer project that gets presented to senior company executives; and social and learning opportunities. L'Oreal's current global CEO started his career at L'Oreal as an intern.

Applicants & New Hires

30 undergrad campuses where employer recruited 2006-07

25 undergrad campuses where employer made job offers

Applicants for entry-level jobs

2005: 5,700

2006: 5,900

2007: 6,000

Entry-level hires

2005: 59

2006: 55

2007: 52

Entry-level hires who were undergrad interns

2005: 46%

2006: 58%

2007: 61%

Most important characteristics for new hires:

2-Analytical Skills

3-Communication Skills

1-Leadership Skills

2006 new hires majored in:

16*% Business

6% Computer Science

13% Economics

34% Engineering

11% Liberal Arts

5% Math

15% Science

0% Undeclared

0% Other

...and are:

NA% African American

NA% Hispanic American

NA% Asian American

NA% Other

56% Total minorities

60% Female

NOTE: This year, application process was opened up to ALL schools nationwide through major recruitment events. A three-day marketing recruitment event in New York City attracted 1,000 applicants from more than 200 universities.

Salary & Benefits

Entry-level hires since Jan. 1

Average base salary: $50,000 to $54,999

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

60% earn $50,000 to $54,999

40% 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

NA% received signing bonuses

Average signing bonus: $NA

NA% 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? 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: 15*

After 5 years: 15

After 10 years: 20*

Total paid holidays: 13

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? Yes

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

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: 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? Yes*

Months to full vesting in profit-sharing program: 0

Maternity/Paternity Leave

Maximum Maternity Leave

84 days during first year

84 days after 1 year

84 days after 3 years

84 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: $NA

Does company pay relocation expenses? Yes

Max. annual relocation expenses? $10,000

Employee Discounts

Car rentals

Gym memberships

Cell phone/service

Insurance

Cultural events

NOTE: Profit Sharing program can add up to three weeks of salary to employee's yearly income.

Educational reimbursement not capped according to monetary value, but students can only take restricted number of classes.

Number of vacation days employee receives after 3 years and 10 years is determined by rank.

Only charitable gifts of an educational nature are matched by the company.

Work Environment

37 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

100% in cubicles

0% in shared offices

0% in private offices

0% have no company-supplied work space

Does organization monitor e-mail?: No

Does organization monitor Web usage? No

Typical dress code

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? 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? 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

Management 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: 2

Maximum rotations: 5

Length of program, in weeks: NA

Minimum: 72 weeks

Maximum: 144 weeks

After program, employees offered permanent positions: 100%

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

If yes, amount of typical raise: NA

Does company have formal mentorship program? Yes

50% of entry-level hires participate

10 days of additional training expected

NOTE: L'Oreal's management development programs include rotations in different fields, such as sales, finance, manufacturing, etc. The Management Development Center provides a portfolio of training sessions, including sessions on technical skills, managerial skills, and company culture and leadership.

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? End of year

How are promotions determined?

Performance

When are entry-level hires eligible for first promotion? Upon completion of training program

Evaluations

Frequency of evaluations

Twice a year

Important qualities

3-Creativity

2-Leadership Ability

1-Learning Ability

Min. tenure in years required for job change: 1*

Describe any rules that apply: Success is determined by performance in previous position, and a positive evaluation of skills related to L'Oreal's management competencies.

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: 250*

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: 8

NOTE: Current global Chairman, global CEO and CEO of L'Oreal USA were all recruited on campus.

Entry-level hires may be sent to work outside the U.S. after just two years with the company.