63. L'Or?al USA

Undergrad Internships

Internships are filled for 2008

Undergrad internships (paid and unpaid)

2008: 98 (to date)

2007: 111

2006: 109

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

2007 interns came from the following classes...

0% Freshman

10% Sophomores

90% Juniors

0% Seniors

...and from the following majors:

28% Business

5% Computer Science

13% Economics

23% Engineering

9% Liberal Arts

5% Math

16% Science

0% Undeclared

1%

There is an official summer internship program

Average summer program: NA weeks

Minimum: 10 weeks

Maximum: 12 weeks

Average hourly wage: $16.00

Average total intern compensation: $10,300

40*% of eligible 2007 interns received full-time job offers

75% of interns with offers accepted

Notes: The summer internship program at L'Oreal USA is the main pipeline to full-time hires. The program is made up of three components: 'real-life' experience in an operational team; a strategic project that is presented to senior management, and social and learning opportunities. L'Oreal's global CEO started his career with the company as an intern.

Applicants & New Hires

Recruited on 30* undergrad campuses in 2007-08.
Made job offers on 24 undergrad campuses.

Applicants for entry-level jobs

2008: 6,200 (to date)

2007: 6,000

2006: 5,900

Entry-level hiring

Entry-level hiring is complete for 2008.

New hires in:

2008: 53 (to date)

2007: 52

2006: 55

Entry-level hires who were undergrad interns

2008: 59% (to date)

2007: 61%

2006: 58%

Most important characteristics for new hires:

2 Analytical Skills

3 Communication Skills

1 Leadership Skills

2007 entry-level hires came from the following majors:

24% Business

6% Computer Science

11% Economics

31% Engineering

13% Liberal Arts

5% Math

10% Science

0% Undeclared

% Other

...and are:

NA% African American

NA% Hispanic American

NA% Asian American

NA% Other

NA% Total minorities

60% 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

0% earn $45,000 to $49,999

60% earn $50,000 to $54,999

40% 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

NA% 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? Yes

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: 15

Vacation days after five years: 15

Vacation days after 10 years: 20

Total paid holidays: 13

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: 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: 4%

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

Employee Discounts on the following:

Car rentals

Gym memberships

Cell phone service

Insurance

Cultural events

Publications

Product allowances, subsidized cafeterias

Notes: Vacation days do not include "Summer Fridays," which permit employees to work half-days on Fridays during the summer months.

Work Environment

Average entry-level work week: 40 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

Casual

Organization sponsors employee volunteer opportunities*

Does organization have fitness facilities on site? Some locations

Notes: Many of L'Oreal USA's brands have philanthropic initiatives related to causes such as AIDS or ovarian cancer. The company also hosts Volunteer Day activities, where employees work on projects that are affiliated with local charities, such as tree planting, or assisting in animal shelters.

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

Introduction to company's business, culture and heritage.

$5,000 average spent on training, per new hire, in 2007

Program Name:

How do new employees enter the program?

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

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

How much is the typical raise:

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

Program Name: Management Development Program

How do new employees enter the program? Hired into the program

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

Is program rotational? Yes

If so, how many locations or business units does the employee spend time at? NA

Minimum rotations: 2

Maximum rotations: 5

Length of program, in weeks: NA

Minimum: 72 weeks

Maximum: 144 weeks

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

How much is the typical raise: NA

Does company have formal mentorship program? Yes

50% of entry-level hires participate

10 days of additional training expected

Notes: In addition to the Management Development Programs, L'Oreal also provides a portfolio of training sessions across a broad range of topics, including sessions on technical skills, managerial skills, company culture, communication and leadership.

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?

End of first calendar year with the company.

How are promotions determined?

Other Performance, creativity, analytical and leadership skills, willingness to work hard

When are entry-level hires eligible for first promotion?

Other (explain below) At the completion of the Management Development Program

Evaluations

Frequency of evaluations

Twice a year

Most important characteristics for entry-level hires:

3 Intelligence

1 Learning Ability

2 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: 250

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

Age of youngest employee with VP or similar title: NA

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

Notes: