Company Insight: PNC
249 Fifth Ave
Pittsburgh, Pennsylvania 15222
Internships are filled for 2008
Undergrad internships (paid and unpaid)
2008: 164 (to date)
100% of internships are paid, 0% are unpaid.
2007 interns came from the following classes...
...and from the following majors:
5% Computer Science
0% Liberal Arts
There is an official summer internship program
Average summer program: 12 weeks
Minimum: NA weeks
Maximum: NA weeks
Average hourly wage: NA
Average total intern compensation: NA
68% of eligible 2007 interns received full-time job offers
72% of interns with offers accepted
Recruited on 165 undergrad campuses in 2007-08.
Made job offers on NA undergrad campuses.
Applicants for entry-level jobs
2008: NA (to date)
Entry-level hiring is complete for 2008.
New hires in:
2008: 81* (to date)
Entry-level hires who were undergrad interns
2008: 35% (to date)
Most important characteristics for new hires:
2 Analytical Skills
3 Leadership Skills
1 College Major
Entry-level employee data included in this profile is for PNC's strategic college recruiting hires. These individuals are identified as top performers and generally enter CORE, PNC's management training program.
2007 entry-level hires came from the following majors:
20% Computer Science
10% Liberal Arts
10 Accounting% Other
NA% African American
NA% Hispanic American
NA% Asian American
NA% Total minorities
Entry-level hires since Jan. 1, 2008 (to date)
Average base salary:
NA% earn less than $35,000
NA% earn $35,000 to $39,999
NA% earn $40,000 to $44,999
NA% earn $45,000 to $49,999
NA% earn $50,000 to $54,999
NA% earn $55,000 to $59,999
NA% earn $60,000 to $64,999
NA% earn $65,000 to $69,999
NA% earn $70,000 to $74,999
NA% earn $75,000 and above
Bonuses, Overtime & Perks
NA% received signing bonuses
Average signing bonus: NA
NA% received performance bonuses in their first year on job
Average performance bonus, 2007: NA
70% of 2007 entry-level hires eligible for overtime
30% of 2007 entry-level hires not eligible for overtime
Reimburse employees for education expenses? Yes
Do employees become eligible immediately? Yes
Maximum annual education reimbursement: $5,250
Full grad school sponsorship for jr. level employees? No
Partial grad school sponsorship for jr. level employees? No
Total paid vacation days
Vacation days during first year: 10*
Vacation days after one year: 10
Vacation days after three years: 10
Vacation days after five years: 15
Vacation days after 10 years: 20
Total paid holidays: 10
Paid time off for religious observances and/or floating holidays:
Floating holidays/religious observance days off per year: NA
Paid sick/personal days allowed in first year: 6
Flextime is an option for entry-level employees
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)? Entry-level hires are given access to a 401(K) savings plan
Max. company match as a percentage of salary: 6%
Min. employee set-aside as a percentage of salary to receive max. co. match: 6%
Are entry-level hires eligible for company funded pension? Yes
Are entry-level hires eligible for profit-sharing program? No
Does company match employee charitable gifts? Yes
Does company pay relocation expenses? Yes
Max. annual relocation expenses? NA
Employee Discounts on the following:
Cell phone service
Notes: Vacation days are determined by both seniority and length of service. An employee with an assistant vice president title, for example, is eligible for 15 vacation days, even if they have less than five years of service. Vice presidents are eligible for 20 vacation days.
Average entry-level work week: 40 hours
Does average vary by business unit, department? Yes
Entry-level hire work locations...
NA% in open work stations
NA% in cubicles
NA% in shared offices
NA% in private offices
NA% have no company-supplied work space
Typical dress code
Organization sponsors employee volunteer opportunities*
Does organization have fitness facilities on site? Facilities not available
Notes: Employees are provided 40 paid hours of time off each year to volunteer for Grow up Great, PNC's early childhood education initiative.
The organization has a formal orientation program for new hires
Program length: 1 days
Orientation includes the following:
Team building activities
NA average spent on training, per new hire, in 2007
There is a formal leadership or management training program that lasts less than a year:
Program Name: Core Program
How do new employees enter the program? Recommended/Sponsored
If not hired directly into program, when are most new hires first considered eligible? Immediately
Training program runs from 2 to 12 weeks
After completion of program, what percentage of employees receive a raise? NA
How much is the typical raise: NA
There is not a formal leadership program for entry-level hires that lasts a year or more.
How do new employees enter the program?
If not hired directly into the program, when are most new hires first considered eligible?
Is program rotational?
If so, how many locations or business units does the employee spend time at?
Length of program, in weeks:
After completion, what percentage of employees receive a raise?:
How much is the typical raise:
Does company have formal mentorship program? Yes
NA% of entry-level hires participate
NA days of additional training expected
Notes: The Core Program is PNC's management trainee program for top-performing college graduates. After an initial 12-week training program, associates in the CORE program are invited to attend continuing education programs throughout their first year of employment.
Three-year retention rate: NA%
Five-year retention rate: NA%
How are raises determined?
When are most entry-level hires eligible for their first raise?
How are promotions determined?
Both performance and seniority
When are entry-level hires eligible for first promotion?
6 months to 1 year
Frequency of evaluations
Most important characteristics for entry-level hires:
1 Customer Satisfaction
2 Sales/Revenue Generation
Min. tenure in years required for job change: 1
Transfer rules: Employees must have a satisfactory performance rating.
Does position of vice president exist at this organization? Yes
If not, is there a comparable title?
No. of employees who hold VP or similar title: NA
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: NA