27. Walt Disney

Undergrad Internships

Internship hiring for 2008 is not complete

Undergrad internships (paid and unpaid)

2008: 1,647 (to date)

2007: 1,995

2006: 2,332

82% of internships are paid, 18% are unpaid.

2007 interns came from the following classes...

2% Freshman

8% Sophomores

33% Juniors

57% Seniors

...and from the following majors:

28% Business

5% Computer Science

3% Economics

6% Engineering

18% Liberal Arts

0% Math

5% Science

2% Undeclared

33% Accounting, Finance, Graphic Design, Marketing, Fine Art, Illustration, Psychology, Communications, Journalism, Animation, Architecture, Urban Planning, English, Construction Management, Theatre, Film Production, Mass Media, Film/TV, Design

There is an official summer internship program*

Average summer program: 12 weeks

Minimum: 10 weeks

Maximum: 24 weeks

Average hourly wage: $13.29

Average total intern compensation: $6,422

17% of eligible 2007 interns received full-time job offers

97% of interns with offers accepted

Notes: Disney also has a year-round internship program.

Applicants & New Hires

Recruited on 159 undergrad campuses in 2007-08.
Made job offers on NA undergrad campuses.

Applicants for entry-level jobs

2008: NA (to date)

2007: NA

2006: NA

Entry-level hiring

Entry-level hiring is not complete for 2008.

New hires in:

2008: 118 (to date)

2007: 298

2006: 286

Entry-level hires who were undergrad interns

2008: NA% (to date)

2007: NA%

2006: NA%

Most important characteristics for new hires:

1 Communication Skills

3 Leadership Skills

2 College Major

2007 entry-level hires came from the following majors:

NA% Business

NA% Computer Science

NA% Economics

NA% Engineering

NA% Liberal Arts

NA% Math

NA% Science

NA% Undeclared

% Other

...and are:

9% African American

9% Hispanic American

4% Asian American

1% Other

23% Total minorities

50% Female

Salary & Benefits

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

Average base salary:
$40,000 to $44,999

11% earn less than $35,000

16% earn $35,000 to $39,999

27% earn $40,000 to $44,999

27% earn $45,000 to $49,999

19% 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

0% received performance bonuses in their first year on job

Average performance bonus, 2007: NA

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: NA*

Full grad school sponsorship for jr. level employees? No

Partial grad school sponsorship for jr. level employees? Yes

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: 15*

Total paid holidays: 9

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

Floating holidays/religious observance days off per year: 2

Paid sick/personal days allowed in first year: 10

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: 2%

Min. employee set-aside as a percentage of salary to receive max. co. match: 4%

401(k) Details: Employees may begin making contributions after 90 days; company match begins after 1 year.

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

No formal maximum

Employee Discounts on the following:

Car rentals

Gym memberships

Cell phone service

Insurance

Cultural events

Publications

Theme park tickets, discounts on merchandise, local business discounts in each region, computers, travel, entertainment, legal services

Notes: No dollar maximum for educational reimbursement; Disney pays for up to 2 classes per term, including books, up to $700/credit with no cap on number of credits.

15 vacation days after 4 years

20 vacation days after 12 years.

Work Environment

Average entry-level work week: NA 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

Business Casual

Casual Friday

Casual

Business

Organization sponsors employee volunteer opportunities

Does organization have fitness facilities on site? Some locations

Notes:

Training Programs

The organization has a formal orientation program for new hires

Program length: 1-5* days

Orientation includes the following:

Guest speakers

Diversity exercises

Team building activities

Facilities tour

Benefits overview

Employee onboarding, company overview and lunch

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: Emerging Leaders Program

How do new employees enter the program? Recommended/Sponsored

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

Training program runs from 6 to 12 weeks

After completion of program, what percentage of employees receive a raise? 50% to 74%

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?

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? No

NA% of entry-level hires participate

NA* days of additional training expected

Notes: Length of orientation varies by business unit.

Typical raise for graduates of emerging leaders program varies by business unit.

Suggested additional training days varies by business; a range of online and instructor-led offerings are open to entry-level employees; up to employee and manager to determine which classes are most relevant.

Getting Ahead

Three-year retention rate: 44%

Five-year retention rate: 40%

How are raises determined?

Individual and company performance

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

During first annual merit planning cycle after employee is hired

How are promotions determined?

Other Performance and growth of responsibilities

When are entry-level hires eligible for first promotion?

Other (explain below) Two years or more

Evaluations

Frequency of evaluations

Annually

Most important characteristics for entry-level hires:

3 Leadership Ability

1 Quality

2 Teamwork

Min. tenure in years required for job change: 1

Transfer rules: Transfers require internal job application with supervisor's acknowledgement

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: 1,595

No. of employees with VP or similar title with 20 years plus seniority: 279

Age of youngest employee with VP or similar title: 28

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