19. Anheuser-Busch

Undergrad Internships

Internships are filled for 2008

Undergrad internships (paid and unpaid)

2008: 157 (to date)

2007: 330

2006: 250

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

2007 interns came from the following classes...

13% Freshman

27% Sophomores

35% Juniors

25% Seniors

...and from the following majors:

19% Business

6% Computer Science

0% Economics

59% Engineering

2% Liberal Arts

1% Math

8% Science

0% Undeclared

5% Agriculture, safety, enivronment

There is an official summer internship program

Average summer program: 12 weeks

Minimum: 12 weeks

Maximum: 52 weeks

Average hourly wage: $19.15

Average total intern compensation: $10,000*

75% of eligible 2007 interns received full-time job offers

50% of interns with offers accepted

Notes: A-B also offers relocation/rental expense assistance.

Applicants & New Hires

Recruited on 46 undergrad campuses in 2007-08.
Made job offers on 25 undergrad campuses.

Applicants for entry-level jobs

2008: 24,478 (to date)

2007: 28,730

2006: 14,178

Entry-level hiring

Entry-level hiring is not complete for 2008.

New hires in:

2008: 30 (to date)

2007: 445

2006: 241

Entry-level hires who were undergrad interns

2008: 43% (to date)

2007: 21%

2006: 43%

Most important characteristics for new hires:

3 Analytical Skills

2 Communication Skills

1 College Major

2007 entry-level hires came from the following majors:

23% Business

12% Computer Science

0% Economics

43% Engineering

1% Liberal Arts

0% Math

16% Science

0% Undeclared

% Other

...and are:

6% African American

7% Hispanic American

5% Asian American

0% Other

18*% Total minorities

30% Female

Notes: A-B partners with organizations such as the National Urban League, Society of Hispanic Engineers and INROADS.

Salary & Benefits

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

Average base salary:
$55,000 to $59,999

0% earn less than $35,000

0% earn $35,000 to $39,999

0% earn $40,000 to $44,999

4% earn $45,000 to $49,999

7% earn $50,000 to $54,999

35% earn $55,000 to $59,999

7% earn $60,000 to $64,999

7% earn $65,000 to $69,999

15% earn $70,000 to $74,999

25% earn $75,000 and above

Bonuses, Overtime & Perks

22% received signing bonuses

Average signing bonus: $7,500

0% received performance bonuses in their first year on job

Average performance bonus, 2007: NA

26% of 2007 entry-level hires eligible for overtime

74% 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: NA*

Full grad school sponsorship for jr. level employees? Yes

Partial grad school sponsorship for jr. level employees? Yes

Time Off

Total paid vacation days

Vacation days during first year: 5

Vacation days after one year: 10

Vacation days after three years: 15

Vacation days after five years: 20

Vacation days after 10 years: 30

Total paid holidays: 15

No paid time off for religious observances and/or floating holidays:

Floating holidays/religious observance days off per year: 0

Paid sick/personal days allowed in first year: 65

Flextime is 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? 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: NA%

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

401(k) Details: A-B?s match is based on net income and sales; in 2008 the maximum match is 6%.

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? Yes*

Does company pay relocation expenses? Yes

Max. annual relocation expenses? NA

No maximum

Employee Discounts on the following:

Car rentals

Gym memberships

Cell phone service

Cultural events

Eligible employees receive two free cases of beer each month and 12 free tickets per year for admission to the company?s theme parks

Notes: There is no maximum educational reimbursement. Eligible employees receive 75% of tuition and fees for work toward a bachelor?s or master?s degree. Additionally, select candidates may participate in the Executive MBA Program, funded 100% by the company.

A-B awards grants to nonprofit organizations where employees volunteer.

Work Environment

Average entry-level work week: 45 hours

Does average vary by business unit, department? Yes

Entry-level hire work locations...

33% in open work stations

41% in cubicles

0% in shared offices

1% in private offices

25% have no company-supplied work space

Typical dress code

Business Casual

Casual Friday

Casual

Organization sponsors employee volunteer opportunities

Does organization have fitness facilities on site? Most locations

Training Programs

The organization has a formal orientation program for new hires

Program length: 3 days

Orientation includes the following:

Computer training

Guest speakers

Diversity exercises

Team building activities

Facilities tour

Benefits overview

Company overview and history, policies, beer basics, safety training, product overview, job specific training.

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: Region Sales District Manager Program

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?

9-week training program

Training program runs from 6 to 9 weeks

After completion of program, what percentage of employees receive a raise? Fewer than 25%

How much is the typical raise: Up to 5%

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

Program Name: Brewing Operations and Technology Group Manager 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? No

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

Minimum rotations: NA

Maximum rotations: NA

Length of program, in weeks: 72

Minimum: NA weeks

Maximum: NA weeks

After completion, what percentage of employees receive a raise?: 100%

How much is the typical raise: 5-9.9%

Does company have formal mentorship program? Yes

70% of entry-level hires participate

7* days of additional training expected

Notes: Additional training days may include traditional classroom training, 90-minute express learning sessions, and e-learning opportunities.

Getting Ahead

Three-year retention rate: 85%

Five-year retention rate: 62%

How are raises determined?

Performance

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

January, except for those hired after Oct.1

How are promotions determined?

Both performance and seniority

When are entry-level hires eligible for first promotion?

One-year anniversary

Evaluations

Frequency of evaluations

Twice a year

Most important characteristics for entry-level hires:

1 Leadership Ability

2 Productivity/Efficiency

3 Quality

Min. tenure in years required for job change: 1

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: 123

No. of employees with VP or similar title with 20 years plus seniority: 84

Age of youngest employee with VP or similar title: 36

Seniority of youngest employee with VP or similar title in years: 4