17 Bain & Company

In Search of the Best and the Brightest

Number of undergraduate campuses where the employer actively recruited during the 2005-06 school year: 50

Number of undergraduate campuses where the employer extended entry-level job offers to graduating seniors: 45

Number of applicants from all sources (on-campus recruiting, job boards, company Web site, etc.) for entry-level jobs in calendar year 2004: 8900

Number of applicants from all sources for entry-level jobs in calendar year 2005: 11400

Entry-level hires in calendar year 2004: 147

Entry level hires in calendar year 2005: 142

Percentage of 2004 entry-level hires who were former undergraduate interns: 20

Percentage of 2005 entry-level hires who were former undergraduate interns: 23

Percentage of 2006 entry-level hires (to date) who were former undergraduate interns: 16

The three most important characteristics for entry-level applicants:

1-Analytical skills
2-Leadership skills
3-Communication Skills

The Freshman Class

Percentage of new hires from calendar year 2005 who are minorities:32

Percentage of new hires from calendar year 2005 who are female: 40

Percentage of 2005 entry-level hires with degrees in the following areas of study:

Business: 19
Engineering: 21
Liberal Arts: 60
Other: 0

Show Me the Money...and the 401(K)

Average annual base salary (excluding overtime, bonus, and other compensation) for entry-level employees hired since Jan. 1, 2006: $55,000 and above

Percentage of new entry-level hires since Jan. 1, 2006, with annual base salary in the following ranges:

Less than $35,000: 0
$35,000 to $39,999: 0
$40,000 to $44,999: 0
$45,000 to $49,999: 0
$50,000 to $54,999: 0
$55,000 and above: 100

Did half or more of all entry-level hires since Jan. 1, 2006 receive a signing bonus? Yes

Are entry-level hires eligible for performance bonuses in their first year on the job? Yes

Percentage of 2006 entry-level hires employed on an hourly basis (eligible for overtime): 0

Percentage of 2006 entry-level hires employed on a salary basis (not eligible for overtime): 100

Does the employer reimburse employees for educational expenses? Yes

If so, are employees eligible for educational reimbursement immediately upon hire? Yes

Number of paid vacation days new hires receive:

In their first year on the job: 15
After 3 years: 20
After 5 years: 20
After 10 years: 25

Do entry-level hires have access to an employer-sponsored health plan? Yes

Do employees pay part of the cost through payroll deductions? Yes

Does the health plan provide dental coverage? Yes

Does the health plan provide vision coverage? Yes

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

If so, number of months employee must work before becoming fully vested in the 401(k): 36

Maximum company match as a percentage of salary: 7

Percentage of salary employee must set aside to receive maximum company match: 0

Are entry-level hires eligible for an employer-funded pension? No

If so, number of months employee must work to become fully vested in the pension plan: NA

Are entry-level hires eligible for a profit-sharing plan? No

Number of months employee must work to become fully vested in the profit-sharing plan: NA

Annual paid holidays: 11

Do employees receive paid time off for religious observances? Yes

Number of days per year allowed for religious observances: As needed.

Number of paid sick/personal days entry-level hires receive in their first year on the job: As needed.

Is flex time an option for entry-level employees: No

Paid maternity leave (in days) for employees on the payroll:

Less than a year: 90 days
3 years: 90 days
5 years: 90 days

Does your organization match charitable gifts made by employees? No

Does your organization pay relocation expenses for new hires? Yes

Employees receive discounts for:

Car rentals: Yes
Cell phone/services: Yes
Cultural events: Yes
Gym memberships: Yes
Insurance: Yes
Publications: Yes

Cubicle Culture

Average number of hours worked per week by entry-level hires, including overtime: 65

Does the average vary depending on business unit or department? No

Does the organization periodically monitor employee e-mail? Yes

Note: If necessary.

Does the organization periodically monitor employee Web usage? Yes

Note: If necessary.

Typical dress code for new hires: Business Casual, Casual Fridays

Does the organization sponsor employee volunteer opportunities? Yes

Employee day care is: not offered

Fitness facilities are: available at some locations

Training and Mentorship

Does this organization have a formal orientation program that is required of all new hires? Yes

Number of days the program lasts: 10

The program includes: Computer Training, Diversity Exercises, Tour of facilities, Guest Speakers, Team Building Activities

The program also includes: Business/analytic skills

Average amount spent on training, per new hire, in calendar year 2005: $8500

Does this organization have any formal leadership or management development programs for entry-level employees that last a year or more? Yes

The program selected to describe in further detail: Associate Consultant/Senior Associate Consultant Program

Do entry-level job candidates apply directly to this program? Yes

If not, eligibility is determined by: NA

When are new hires first considered eligible: Immediately

Is the program rotational? Yes

Number of locations or business units the employee spends time at: from 2 to 3

Note: Rotations are optional

Length of program: 156 weeks

Percentage of employees offered permanent positions after completing the program: 50% to 75%

After completing the program, do employees who are offered a permanent position receive an automatic raise? Yes

Typical raise: More than 25%

Does this organization have a formal mentorship program? Yes

If so, Percentage of entry-level hires who participate in the mentorship program: 100

Looking Ahead

Three-year retention rate: 60%

Five-year retention rate: NA

Merit raises are determined by: Both

Date at which most entry-level hires are eligible for their first merit raise: One-year anniversary

Promotions are determined by: Performance

Date at which most entry-level hires are eligible for their first promotion: Two years or more

Frequency with which entry-level hires are formally evaluated: Bi-Annually

Three most important performance measures for entry-level hires:

1-Learning Ability
2-Analytical skills
3-Team Player

Minimum tenure (in years) required in one position before most entry-level employees are eligible to apply for another, including lateral transfers: 1.5

The following rules apply to such transfers: NA

Number of employees at or above the level of vice-president: 300

Of those employees, the number who have been with the organization for 20 years or longer: 36

Age of the youngest employee at or above the level of vice-president: 32

Number of years he/she has been with this organization: 9