14. Target

Undergrad Internships

Internship hiring for 2008 is not complete

Undergrad internships (paid and unpaid)

2008: 1,700 (to date)

2007: 1,773

2006: 1,457

100% of internships are paid, 0% are unpaid.

2007 interns came from the following classes...

1*% Freshman

17% Sophomores

66% Juniors

16% Seniors

...and from the following majors:

54% Business

1% Computer Science

3% Economics

1% Engineering

6% Liberal Arts

1% Math

1% Science

0% Undeclared

33% Industrial, Industrial Design, Graphic Design, Fashion Design, Fashion Merchandising, Psychology, Civil and Criminal Justice, Political Science, Sociology, Social Science, Public Administration, Textile

There is an official summer internship program

Average summer program: NA weeks

Minimum: 10 weeks

Maximum: 12 weeks

Average hourly wage: $15.50

Average total intern compensation: $6,200

63% of eligible 2007 interns received full-time job offers

74% of interns with offers accepted

Notes: Grade level information is for headquarters-based interns only. Store interns are generally in their junior year.

Applicants & New Hires

Recruited on 404 undergrad campuses in 2007-08.
Made job offers on 355 undergrad campuses.

Applicants for entry-level jobs

2008: 15,566 (to date)

2007: 18,123

2006: 13,854

Entry-level hiring

Entry-level hiring is not complete for 2008.

New hires in:

2008: 700 (to date)

2007: 3,430

2006: 2,326

Entry-level hires who were undergrad interns

2008: 0% (to date)

2007: 19%

2006: NA%

Most important characteristics for new hires:

3 Analytical Skills

2 Communication Skills

1 Leadership Skills*

All characteristics listed are important in assessing entry-level candidates.

2007 entry-level hires came from the following majors:

46% Business

1% Computer Science

3% Economics

0% Engineering

10% Liberal Arts

0% Math

1% Science

0% Undeclared

39 Industrial, Industrial Design, Graphic Design, Fashion Design, Fashion Merchandising, Psychology, Civil, Criminal Justice, Political Economy, Political Science, Product Design, Public Administration, Social Sciences, Sociology, Statistics, Textile and Urban Planning% Other

...and are:

NA% African American

NA% Hispanic American

NA% Asian American

NA% Other

NA% Total minorities

NA% Female

Salary & Benefits

Entry-level hires since Jan. 1, 2008 (to date)

Average base salary:
$45,000 to $49,999

0% earn less than $35,000

1% earn $35,000 to $39,999

25% earn $40,000 to $44,999

42% earn $45,000 to $49,999

11% earn $50,000 to $54,999

15% earn $55,000 to $59,999

3% earn $60,000 to $64,999

1% earn $65,000 to $69,999

1% earn $70,000 to $74,999

1% earn $75,000 and above

Bonuses, Overtime & Perks

4% received signing bonuses

Average signing bonus: $2,435

94% received performance bonuses in their first year on job

Average performance bonus, 2007: $1,096

0% of 2007 entry-level hires eligible for overtime

100*% 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? Yes

Partial grad school sponsorship for jr. level employees? No

Time Off

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: 6

Paid time off for religious observances and/or floating holidays:

Floating holidays/religious observance days off per year: 3*

Paid sick/personal days allowed in first year: unlimited

Flextime is not an option for entry-level employees

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? No

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: 5%

Min. employee set-aside as a percentage of salary to receive max. co. match: 5%

Are entry-level hires eligible for company funded pension? Yes

Are entry-level hires eligible for profit-sharing program? No

Other Benefits

Does company match employee charitable gifts? No

Does company pay relocation expenses? Yes

Max. annual relocation expenses? NA

Employee Discounts on the following:

Car rentals

Gym memberships

Cell phone service

Insurance

Cultural events

Travel, florist, professional clothing, computers, Target team member discount, Ticketmaster and daycare. Offers for cultural events and "other" vary by location

Notes: Non-exempt employees excluded from data provided, but are eligible for overtime.

Maximum educational reimbursement shown is for MBA; other graduate programs: $4,000

During 1st year, vacation days prorated based on start date.

Figure shown for floating holidays for first 5 years employment; after 5 years: 4 days

Work Environment

Average entry-level work week: NA hours

Does average vary by business unit, department? Yes

Entry-level hire work locations...

0% in open work stations

16% in cubicles

20% in shared offices

64*% in private offices

0% have no company-supplied work space

Typical dress code

Business Casual

Casual Friday

Business

Organization sponsors employee volunteer opportunities

Does organization have fitness facilities on site? Some locations

Notes: All entry-level hires in headquarters are in cubicles; all entry-level hires at distribution centers and stores are in private/shared offices

Training Programs

The organization has a formal orientation program for new hires

Program length: 1 days

Orientation includes the following:

Guest speakers

Diversity exercises

Team building activities

Facilities tour

Benefits overview

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: Business Analyst, Executive Team Leader and Team Leader

How do new employees enter the program? Hired into the program

If not hired directly into program, when are most new hires first considered eligible?

Training program runs from 8 to 14 weeks

After completion of program, what percentage of employees receive a raise? NA*

How much is the typical raise: NA

There is a formal leadership program for entry-level hires that lasts a year or more.

Program Name: Technology Leadership Development Program & Financial Services Leadership Development Program

How do new employees enter the program? Hired into the program

If not hired directly into the program, when are most new hires first considered eligible?

Is program rotational? Yes

If so, how many locations or business units does the employee spend time at? NA

Minimum rotations: 3

Maximum rotations: 4

Length of program, in weeks: NA

Minimum: 60 weeks

Maximum: 104 weeks

After completion, what percentage of employees receive a raise?: NA*

How much is the typical raise: NA

Does company have formal mentorship program? Yes

100% of entry-level hires participate

4* days of additional training expected

Notes: Raises are based on performance and not tied to completion of training.

Raises are based on performance and not tied to completion of training.

Entry-level employees average 3-5 days of additional training.

Getting Ahead

Three-year retention rate: NA%

Five-year retention rate: NA%

How are raises determined?

Performance

When are most entry-level hires eligible for their first raise?

6 months to 1 year*

How are promotions determined?

Performance

When are entry-level hires eligible for first promotion?

More than 1 year

Evaluations

Frequency of evaluations

Twice a year

Most important characteristics for entry-level hires:

2 Leadership Ability

1 Sales/Revenue Generation

3 Teamwork

Min. tenure in years required for job change: 1

Transfer rules: Team member must have support of supervisor

Long-Term Prospects

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

Notes: First raise eligibility based on start date.