39. Union Pacific

Undergrad Internships

Internship hiring for 2008 is not complete

Undergrad internships (paid and unpaid)

2008: 75 (to date)

2007: 120

2006: 160

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

2007 interns came from the following classes...

0% Freshman

20% Sophomores

75% Juniors

5% Seniors

...and from the following majors:

47% Business

18% Computer Science

1% Economics

30% Engineering

0% Liberal Arts

0% Math

0% Science

1% Undeclared

3% Logistics/Supply Chain

There is an official summer internship program*

Average summer program: 12 weeks

Minimum: 10 weeks

Maximum: 13 weeks

Average hourly wage: $13.50

Average total intern compensation: $9,500

60% of eligible 2007 interns received full-time job offers

95% of interns with offers accepted

Notes: Union Pacific has year-round and summer internship programs, in addition to 6- to 9-month coop and high school programs.

Applicants & New Hires

Recruited on 39 undergrad campuses in 2007-08.
Made job offers on 27 undergrad campuses.

Applicants for entry-level jobs

2008: 3,500 (to date)

2007: 12,500

2006: 28,500

Entry-level hiring

Entry-level hiring is not complete for 2008.

New hires in:

2008: 55 (to date)

2007: 190

2006: 480

Entry-level hires who were undergrad interns

2008: 20% (to date)

2007: 14%

2006: 10%

Most important characteristics for new hires:

1 Analytical Skills

3 Communication Skills

2 Leadership Skills

2007 entry-level hires came from the following majors:

47% Business

18% Computer Science

1% Economics

30% Engineering

0% Liberal Arts

0% Math

0% Science

1% Undeclared

% Other

...and are:

14% African American

9% Hispanic American

7% Asian American

1% Other

31% Total minorities

32% Female

Salary & Benefits

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

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

35% earn less than $35,000

17% earn $35,000 to $39,999

9% earn $40,000 to $44,999

2% earn $45,000 to $49,999

3% earn $50,000 to $54,999

1% earn $55,000 to $59,999

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

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

5% earn $70,000 to $74,999

14% earn $75,000 and above

Bonuses, Overtime & Perks

10% received signing bonuses

Average signing bonus: $5,000

40% received performance bonuses in their first year on job

Average performance bonus, 2007: $3,000

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: $3,500

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: 5

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: 11

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: unlimited

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: 3%

Min. employee set-aside as a percentage of salary to receive max. co. match: 6%

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

Are entry-level hires eligible for profit-sharing program? Yes

Other Benefits

Does company match employee charitable gifts? Yes

Does company pay relocation expenses? Yes

Max. annual relocation expenses? $10,000

Relocation package depends on individual circumstances and can often greatly exceed $10,000. Company may also pay separately for transportation of household goods, and provide assistance selling current home and finding a new one.

Employee Discounts on the following:

Car rentals

Gym memberships

Cell phone service

Cultural events

Appliances, computers, financial services

Notes: This salary data excludes many 2008 college recruits as these do not start until after June 1, 2008.

Work Environment

Average entry-level work week: 45 hours

Does average vary by business unit, department? Yes

Entry-level hire work locations...

0% in open work stations

75% in cubicles

0% in shared offices

0% in private offices

25% have no company-supplied work space

Typical dress code

Business Casual

Casual

Organization sponsors employee volunteer opportunities

Does organization have fitness facilities on site? Some locations*

Notes: Headquarters has a fitness facility on-site. Elsewhere employees have access to gyms or discounts at local fitness facilities.

Training Programs

The organization has a formal orientation program for new hires

Program length: 3 days

Orientation includes the following:

Guest speakers

Diversity exercises

Team building activities

Facilities tour

Communication and Total Quality Management skills training

$2,000* 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: Operations 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 24 to 156 weeks

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

How much is the typical raise: 5-9.9%

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

Program Name: Leadership Development Program

How do new employees enter the program? Recommended/Sponsored

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

Other (explain below)

Two years railroad experience required

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: 52

Minimum: NA weeks

Maximum: NA 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

95% of entry-level hires participate

6 days of additional training expected

Notes: Training costs for different entry-level positions can vary. For the Operations Management Training program it is $24,000 and for Marketing & Sales it's $35,000 per year

Getting Ahead

Three-year retention rate: 61%

Five-year retention rate: 50%

How are raises determined?

Performance

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

One-year anniversary

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 Analytical Skills

1 Leadership Ability

3 Productivity/Efficiency

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: 51

No. of employees with VP or similar title with 20 years plus seniority: 38

Age of youngest employee with VP or similar title: 41

Seniority of youngest employee with VP or similar title in years: 20