29 Philip Morris USA

In Search of the Best and the Brightest

Number of undergraduate campuses where the employer actively recruited during the 2005-06 school year: 32

Number of undergraduate campuses where the employer extended entry-level job offers to graduating seniors: 31

Number of applicants from all sources (on-campus recruiting, job boards, company Web site, etc.) for entry-level jobs in calendar year 2004: 89809

Number of applicants from all sources for entry-level jobs in calendar year 2005: 83207

Note: Includes applicants for all position levels.

Entry-level hires in calendar year 2004: 316

Entry level hires in calendar year 2005: 148

Note: Includes only entry-level "professional" job classifications; administrative positions not included.

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

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

Percentage of 2006 entry-level hires (to date) who were former undergraduate interns: 25

The three most important characteristics for entry-level applicants:

3-Ability to handle complex situations
1-Leadership Skills
2-Communication Skills

The Freshman Class

Percentage of new hires from calendar year 2005 who are minorities:27.8

Percentage of new hires from calendar year 2005 who are female: 42.8

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

Business: NA
Engineering: NA
Liberal Arts: NA
Other: 24

Note: Other represents entry level hires with technical degrees.

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: $50,000-$54999

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: 47
$45,000 to $49,999: 1
$50,000 to $54,999: 33
$55,000 and above: 19

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): 4

Percentage of 2006 entry-level hires employed on a salary basis (not eligible for overtime): 96

Does the employer reimburse employees for educational expenses? Yes

If so, are employees eligible for educational reimbursement immediately upon hire? No

Note: Employees are eligible after 90 days.

Number of paid vacation days new hires receive:

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

Note: All benefits data effective Jan. 1, 2007.

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): 3

Maximum company match as a percentage of salary: 3

Percentage of salary employee must set aside to receive maximum company match: 3

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? Yes

Number of months employee must work to become fully vested in the profit-sharing plan: 12

Annual paid holidays: 12

Do employees receive paid time off for religious observances? Yes

Number of days per year allowed for religious observances: 2

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: Yes

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

Less than a year: from 30 to 40 days
3 years: from 30 to 40 days
5 years: from 30 to 40 days

Note: Short term disability used for maternity leave.

Does your organization match charitable gifts made by employees? Yes

Note: Will match up to $30,000 per donor per calendar year.

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, ranges from 37.5 to 40

Does the average vary depending on business unit or department? Yes

Does the organization periodically monitor employee e-mail? Yes

Does the organization periodically monitor employee Web usage? Yes

Typical dress code for new hires: Business Casual

Does the organization sponsor employee volunteer opportunities? Yes

Employee day care is: not offered

Fitness facilities are: available at most 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: 1

The program includes: NA

The program also includes: Company overview, policy and compliance training, benefits, safety, information technology security, and records management

Average amount spent on training, per new hire, in calendar year 2005: $8100

Note: Only for employees attending sales leadership program; all others, $2,000, plus additional training provided by individual departments

Does this organization have any formal leadership or management development programs for entry-level employees that last a year or more? No

The program selected to describe in further detail: NA

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

If not, eligibility is determined by: NA

When are new hires first considered eligible: NA

Is the program rotational? NA

Number of locations or business units the employee spends time at: NA

Length of program: NA

Percentage of employees offered permanent positions after completing the program: NA

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

Typical raise: NA

Does this organization have a formal mentorship program? No

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

Looking Ahead

Three-year retention rate: 83%

Five-year retention rate: 91%

Merit raises are determined by: Performance

Date at which most entry-level hires are eligible for their first merit raise: March 1 regardless of hire date

Promotions are determined by: Performance, Advancement planning and internal assessment of promotion potential, Other

Date at which most entry-level hires are eligible for their first promotion: Depends on performance and potential, not time in job

Frequency with which entry-level hires are formally evaluated: Annually, but with multiple reviews throughout the year

Three most important performance measures for entry-level hires:

1-Performance against established objectives
2-Demonstration of company leadership model
3-Demonstration of company values

Minimum tenure (in years) required in one position before most entry-level employees are eligible to apply for another, including lateral transfers: 1

The following rules apply to such transfers: Must have acceptable performance rating

Number of employees at or above the level of vice-president: 47

Of those employees, the number who have been with the organization for 20 years or longer: 27

Age of the youngest employee at or above the level of vice-president: 33

Number of years he/she has been with this organization: 11