4. IBM

Contact Info

1 New Orchard Road

Armonk, New York 10504

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Undergrad Internships

No. of undergrad internships in:

2005: 2,023

2006: 2,805

2007: 2,324

2006 interns from the following classes:

4% Freshman

15% Sophomores

39% Juniors

22% Seniors

20% Graduates

2006 interns from the following majors:

14% Business

30% Computer Science

16% Economics

32% Engineering

9% Liberal Arts

1% Math

2% Science

1% Undeclared

5% 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: 10 weeks

Maximum: 12 weeks

Average hourly wage: $21.00

Are interns paid on lump sum basis? No

Average total intern compensation: $15,000

50% of eligible 2006 interns received full-time job offers

88% of interns with offers accepted

NOTE: All IBM interns have access to senior execs, travel, awards, technical/leadership courses, social events, paid expenses, discounts, relocation funds, housing assistance, paid holidays/sick days.

Co-ops work for up to 7 months.

Applicants & New Hires

125 undergrad campuses where employer recruited 2006-07

125 undergrad campuses where employer made job offers

Applicants for entry-level jobs

2005: 120,000

2006: 140,000

2007: 75,000

Entry-level hires

2005: 1,567

2006: 1,962

2007: 1,366

Entry-level hires who were undergrad interns

2005: 35%

2006: 24%

2007: 24%

Most important characteristics for new hires:

1-Analytical Skills

3-Communication Skills

2-Leadership Skills

2006 new hires majored in:

14% Business

30% Computer Science

16% Economics

21% Engineering

9% Liberal Arts

1% Math

2% Science

1% Undeclared

6% Other

...and are:

10% African American

6% Hispanic American

25% Asian American

1% Other

42*% Total minorities

40*% Female

NOTE: New hires connect through diversity groups for Asians, Blacks, GLBTs, Hispanics, Native Americans, people w/disabilities, men, women.

Salary & Benefits

Entry-level hires since Jan. 1

Average base salary: $60,000 to $64,999

0% earn less than $35,000

9% earn $35,000 to $39,999

5% earn $40,000 to $44,999

2% earn $45,000 to $49,999

10% earn $50,000 to $54,999

18% earn $55,000 to $59,999

19% earn $60,000 to $64,999

11% earn $65,000 to $69,999

26% earn $70,000 and above

Bonuses, Overtime & Perks

55% received signing bonuses

Average signing bonus: $2,000

92% received performance bonus first year on job

Average performance bonus, 2006: $1,500

5% of 2006 entry-level hires eligible for OT

95% 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? Yes

If no, total paid vacation days:

During first year: NA

After 1 year: NA

After 3 years: NA

After 5 years: NA

After 10 years: NA

Total paid holidays: NA

Time off for religious observances: NA

If yes, max PTO days:

During first year: 15

After 1 year: 15

After 3 years: 15

After 5 years: 15

After 10 years: 20

Total days off for religious observances: NA

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? No

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? No

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: 6%

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? No

Months to full vesting in co-funded pension: NA

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

10* days during first year

10* days after 1 year

10* days after 3 years

10* days after 5 years

Maximum Paternity Leave

10* days during first year

10* days after 1 year

10* days after 3 years

10* days after 5 years

Other Benefits

Does company match employee charitable gifts? Yes

Max. annual company match for employee charitable gifts: $10,000

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: Other IBM perks include stock discount plan, enhanced/socially responsible 401(k), free independent financial counseling, and debt consolidation.

No limit for tuition reimbursement.

No limit on relocation reimbursement.

IBM offers flextime to work at home, flex start/leave time, part-time, jobshare, and other options; company also has generous leave of absence (including 3-year personal & 5-year educational leave).

IBM offers time off for adoptive parents, lactation rooms, daycare centers, financial support for kids with special needs, before/after school programs, adoption/fertilization benefits, funds for personal emergencies, 24-hour emergency health hotlines, time off for getting married, and extended maternity leave.

Work Environment

40 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

25% in cubicles

15% in shared offices

5% in private offices

20% 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? Most locations

Does organization have fitness facilities on site? Some locations*

NOTE: IBM employees are eligible for a $300 yearly rebate to eat healthy/exercise.

IBMers spend more than 1 million hours/year volunteering, using millions of dollars in free technology/grants for environmental and literacy causes and to help the disabled access the Web.

Training Programs

Does your organization have a formal orientation program? Yes

If yes, how many days is it? 2

Orientation includes:

Computer Training

Guest Speakers

Diversity Exercises

Team Building Activities

Tour of Facilities

Option to attend special orientation classes for specific business units and meet with top execs.

$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? Yes

LEADing@IBM*

Do candidates apply directly? No

If not, how is eligibility determined? Performance, sponsor, academics

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: NA

Minimum: NA weeks

Maximum: 52 weeks

After program, employees offered permanent positions: Fewer than 25%

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

If yes, amount of typical raise: NA

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

IBM Leadership Development Program

Do candidates apply directly? No

If not, how is eligibility determined?

Experience, skills, academics

When are new hires first eligible? Immediately

Is program rotational? Yes

If yes, number of locations or business units 3

Minimum rotations: NA

Maximum rotations: NA

Length of program, in weeks: 156

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? Yes*

100% of entry-level hires participate

20* days of additional training expected

NOTE: LEADing@IBM is IBM's program for emerging leaders.

LEADing@IBM is up to a year in length.

IBM spends $600M anually on programs l to grow technical/leadership skills and industry expertise.

New hires create a continual learning plan and chart career goals with manager & mentor.

IBM also offers thousands of interactive online classes, podcasts, blogs, wikis, plus classroom learning; free access to thousands of journals/books.

Mentoring program includes shadowing, reverse-mentoring w ith senior executives, group speed mentoring, and "Dear Abby" style chat session.

IBM holds Jams - massive global online brainstorming sessions on business/societal issues. Recent Jam involved 140,000 people.

Getting Ahead

Three-year retention rate: 90%

Five-year retention rate: 90%

How are raises determined?

Performance

When are entry-level hires eligible for first raise? One-year anniversary

How are promotions determined?

Performance

Sills and customer satisfaction

When are entry-level hires eligible for first promotion? 18 months

Evaluations

Frequency of evaluations

Twice a year

Important qualities

1-Analytical Skills

3-Customer Satisfaction

2-Leadership Ability

Min. tenure in years required for job change: 1.5

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: 3,565

No. of employees with VP or similar title with 20 years plus seniority: 50

Age of youngest employee with VP or similar title: 36

Seniority of youngest employee with VP or similar title in years: 5

NOTE: IBM has 355,000 employees in 170 countries across all technologies and industries, strong ties with universities, venture capitalists,governments, NGOs, highest number of U.S. patents for past 14 years, and 5 Nobel prize winners. It offers a broad array of rewards - peer recognition, retention bonuses, employee referral bonuses, team/merit bonuses.