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Company Insight: Private
600 Corporate Park Dr.
St. Louis, Missouri 63105
Internships are filled for 2008
Undergrad internships (paid and unpaid)
2008: 2,200 (to date)
100% of internships are paid, 0% are unpaid.
2007 interns came from the following classes...
...and from the following majors:
0% Computer Science
14% Liberal Arts
23% Hospitality, communications
There is an official summer internship program
Average summer program: 10 weeks
Minimum: 10 weeks
Maximum: 12 weeks
Average hourly wage: $10.00
Average total intern compensation: $5,200
85% of eligible 2007 interns received full-time job offers
50% of interns with offers accepted
Recruited on 1,000 undergrad campuses in 2007-08.
Made job offers on NA* undergrad campuses.
Applicants for entry-level jobs
2008: 147,000 (to date)
Entry-level hiring is not complete for 2008.
New hires in:
2008: 4,275 (to date)
Entry-level hires who were undergrad interns
2008: 11% (to date)
Most important characteristics for new hires:
3 Communication Skills
1 Leadership Skills
2 Work Experience
2007 entry-level hires came from the following majors:
0% Computer Science
15% Liberal Arts
25 Hospitality, communications, sales management% Other
20% African American
9% Hispanic American
3% Asian American
33% Total minorities
Entry-level hires since Jan. 1, 2008 (to date)
Average base salary:
Less than $35,000*
100% earn less than $35,000
0% earn $35,000 to $39,999
0% earn $40,000 to $44,999
0% earn $45,000 to $49,999
0% earn $50,000 to $54,999
0% earn $55,000 to $59,999
0% earn $60,000 to $64,999
0% earn $65,000 to $69,999
0% earn $70,000 to $74,999
0% earn $75,000 and above
Bonuses, Overtime & Perks
0% received signing bonuses
Average signing bonus: NA
20% received performance bonuses in their first year on job
Average performance bonus, 2007: $9,700
100% of 2007 entry-level hires eligible for overtime
0% 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: $3,000
Full grad school sponsorship for jr. level employees? No
Partial grad school sponsorship for jr. level employees? No
Total paid vacation days
Maximum PTO days during first year:
Maximum PTO days after one year:
Maximum PTO days after three years:
Maximum PTO days after five years:
Maximum PTO days after 10 years:
Vacation days during first year: 5
Vacation days after one year: 10
Vacation days after three years: 10
Vacation days after five years: 15
Vacation days after 10 years: 15
Total paid holidays: 6
No 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: 7
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? No
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: 3%
Min. employee set-aside as a percentage of salary to receive max. co. match: 3%
Are entry-level hires eligible for company funded pension? No
Are entry-level hires eligible for profit-sharing program? Yes
Does company match employee charitable gifts? Yes*
Does company pay relocation expenses? No
Max. annual relocation expenses? NA
Employee Discounts on the following:
Cell phone service
Car purchases, clothing, electronics, day care.
Notes: Management Trainees are hired in at a base salary and can receive their first promotion in 6-12 months. In 12-18 months they typically have been promoted to Assistant Branch Manager. At this point they receive a base salary plus a portion of the profits of their branch. This pay structure and total compensation package continue as they work their way up within the rental system.
Enterprise matches employee contributions to the United Way at 50%, with no maximum amount.
Average entry-level work week: 49 hours
Does average vary by business unit, department? Yes
Entry-level hire work locations...
100% in open work stations
0% in cubicles
0% in shared offices
0% in private offices
0% 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: Enterprise provides discounts for local fitness facilities near most of its 6,500 locations.
The organization has a formal orientation program for new hires
Program length: 5 days
Orientation includes the following:
Team building activities
Company history, ethics, culture, founding values, and philanthropic efforts.
$3,000 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: Management Training 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?
Training program runs from 32 to 52 weeks
After completion of program, what percentage of employees receive a raise? 100%
How much is the typical raise: Up to 5%
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
40% of entry-level hires participate
10* days of additional training expected
Notes: Enterprise strongly encourages a promote-from-within policy. After an individual starts off as a management trainee and learns the ins and outs of the business, they have the opportunity to advance within the company. Typically within 12 to 15 months they are on their way to becoming an assistant branch manager. A new training program prepares them for their new leadership role, which includes managing all aspects of branch office.
Additional ongoing training opportunities include diversity training, and leadership and management development training
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?
Less than 6 months
How are promotions determined?
When are entry-level hires eligible for first promotion?
Other (explain below) Within first year, as early 6 months
Frequency of evaluations
30 days, 90 days, then every 6 months
Most important characteristics for entry-level hires:
2 Customer Satisfaction
1 Leadership Ability
3 Sales/Revenue Generation
Min. tenure in years required for job change: 0.5
Transfer rules: Adquate performance, job-specific promotional criteria.
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: 391
No. of employees with VP or similar title with 20 years plus seniority: 109
Age of youngest employee with VP or similar title: 33
Seniority of youngest employee with VP or similar title in years: 10