26. Enterprise Rent-A-Car

Undergrad Internships

Internships are filled for 2008

Undergrad internships (paid and unpaid)

2008: 2,200 (to date)

2007: 2,200

2006: 2,000

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

2007 interns came from the following classes...

0% Freshman

10% Sophomores

80% Juniors

10% Seniors

...and from the following majors:

63% Business

0% Computer Science

0% Economics

0% Engineering

14% Liberal Arts

0% Math

0% Science

0% Undeclared

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

Applicants & New Hires

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)

2007: 250,000

2006: 275,000

Entry-level hiring

Entry-level hiring is not complete for 2008.

New hires in:

2008: 4,275 (to date)

2007: 8,000

2006: 7,500

Entry-level hires who were undergrad interns

2008: 11% (to date)

2007: 14%

2006: 9%

Most important characteristics for new hires:

3 Communication Skills

1 Leadership Skills

2 Work Experience

2007 entry-level hires came from the following majors:

60% Business

0% Computer Science

0% Economics

0% Engineering

15% Liberal Arts

0% Math

0% Science

0% Undeclared

25 Hospitality, communications, sales management% Other

...and are:

20% African American

9% Hispanic American

3% Asian American

1% Other

33% Total minorities

38% Female

Salary & Benefits

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

Time Off

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

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? 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

Other Benefits

Does company match employee charitable gifts? Yes*

Does company pay relocation expenses? No

Max. annual relocation expenses? NA

Employee Discounts on the following:

Car rentals

Gym memberships

Cell phone service

Cultural events

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.

Work Environment

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

Business

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.

Training Programs

The organization has a formal orientation program for new hires

Program length: 5 days

Orientation includes the following:

Computer training

Guest speakers

Diversity exercises

Team building activities

Facilities tour

Benefits overview

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?

Minimum rotations:

Maximum rotations:

Length of program, in weeks:

Minimum: weeks

Maximum: 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

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?

Less than 6 months

How are promotions determined?

Performance

When are entry-level hires eligible for first promotion?

Other (explain below) Within first year, as early 6 months

Evaluations

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.

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: 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