58. Aflac

Undergrad Internships

Internship hiring for 2008 is not complete

Undergrad internships (paid and unpaid)

2008: 32 (to date)

2007: 22

2006: 22

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

2007 interns came from the following classes...

0% Freshman

23% Sophomores

68% Juniors

9% Seniors

...and from the following majors:

63% Business

13% Computer Science

5% Economics

5% Engineering

0% Liberal Arts

5% Math

9% Science

0% Undeclared

0%

There is an official summer internship program

Average summer program: NA weeks

Minimum: 10 weeks

Maximum: 12 weeks

Average hourly wage: $14.71

Average total intern compensation: $10,400

27% of eligible 2007 interns received full-time job offers

12% of interns with offers accepted

Applicants & New Hires

Recruited on 22 undergrad campuses in 2007-08.
Made job offers on 17 undergrad campuses.

Applicants for entry-level jobs

2008: 2,100 (to date)

2007: 1,148

2006: NA

Entry-level hiring

Entry-level hiring is not complete for 2008.

New hires in:

2008: 9 (to date)

2007: 33

2006: NA

Entry-level hires who were undergrad interns

2008: 0% (to date)

2007: 24%

2006: NA%

Most important characteristics for new hires:

1 Analytical Skills

2 Communication Skills

3 College Major

2007 entry-level hires came from the following majors:

50% Business

19% Computer Science

0% Economics

3% Engineering

0% Liberal Arts

28% Math

0% Science

0% Undeclared

% Other

...and are:

11% African American

3% Hispanic American

14% Asian American

0% Other

28% Total minorities

39% Female

Salary & Benefits

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

Average base salary:
$50,000 to $54,999

0% earn less than $35,000

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

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

11% earn $45,000 to $49,999

78% 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

11% earn $75,000 and above

Bonuses, Overtime & Perks

88% received signing bonuses

Average signing bonus: $5,000

100% received performance bonuses in their first year on job

Average performance bonus, 2007: NA*

NA*% of 2007 entry-level hires eligible for overtime

NA% 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

The organization has a Paid Time Off (PTO) Bank

Maximum PTO days during first year: 16

Maximum PTO days after one year: 16

Maximum PTO days after three years: 16

Maximum PTO days after five years: 17

Maximum PTO days after 10 years:21

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? No

Are same sex partners permitted as dependents? No

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? NA

Varies, but average is about $10,000

Employee Discounts on the following:

Car rentals

Gym memberships

Cell phone service

Insurance

Cultural events

Publications

Notes: Performance bonuses for entry-level employees range from 7% to 10.5%.

Most entry-level employees are exempt, and not compensated for overtime.

Educational reimbursement is 100% for an A average, 80% for a B average.

Work Environment

Average entry-level work week: 44 hours

Does average vary by business unit, department? Yes

Entry-level hire work locations...

0% in open work stations

100% in cubicles

0% in shared offices

0% in private offices

0% have no company-supplied work space

Typical dress code

Business Casual

Casual Friday

Organization sponsors employee volunteer opportunities

Does organization have fitness facilities on site? Some locations*

Notes: There are walking trails at all facilities.

Training Programs

The organization has a formal orientation program for new hires

Program length: 2 days

Orientation includes the following:

Guest speakers

Facilities tour

Benefits overview

$4,992 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: Aflac Leadership Academy*

How do new employees enter the program? Automatic

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

1-week training program

After completion of program, what percentage of employees receive a raise? NA*

How much is the typical raise: NA

There is not a formal leadership program for entry-level hires that lasts a year or more.

Program Name:

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: Additional programs (all five weeks) include the Leadership Development Levels I, II, III.

No raises are given for completing the Aflac Leadership Academy.

Additional training days depend on employee's development plan.

Getting Ahead

Three-year retention rate: 48%

Five-year retention rate: 39%

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?

One-year anniversary

Evaluations

Frequency of evaluations

Annually

Most important characteristics for entry-level hires:

1 Analytical Skills

3 Leadership Ability

2 Learning Ability

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: 78

No. of employees with VP or similar title with 20 years plus seniority: 29

Age of youngest employee with VP or similar title: 32

Seniority of youngest employee with VP or similar title in years: 5