66. Blue Cross Blue Shield Association

Undergrad Internships

Internship hiring for 2008 is not complete

Undergrad internships (paid and unpaid)

2008: 19 (to date)

2007: 20

2006: 20

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

2007 interns came from the following classes...

0% Freshman

0% Sophomores

70% Juniors

30% Seniors

...and from the following majors:

26% Business

0% Computer Science

26% Economics

0% Engineering

11% Liberal Arts

0% Math

26% Science

0% Undeclared

11%

There is an official summer internship program*

Average summer program: 12 weeks

Minimum: NA weeks

Maximum: NA weeks

Average hourly wage: $15.00

Average total intern compensation: $6,750

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

100% of interns with offers accepted

Notes: The intern program now runs year round in some areas of the organization (e.g. - IT) and also have a graduate fellows program and a job shadowing program (with rotations); one of the founding sponsors for the STALI program at Purdue University and source interns from their College of Science.

Applicants & New Hires

Recruited on 8 undergrad campuses in 2007-08.
Made job offers on 3 undergrad campuses.

Applicants for entry-level jobs

2008: 1,874 (to date)

2007: 1,533

2006: 1,365

Entry-level hiring

Entry-level hiring is not complete for 2008.

New hires in:

2008: 10 (to date)

2007: 26

2006: 23

Entry-level hires who were undergrad interns

2008: 10% (to date)

2007: 5%

2006: 4%

Most important characteristics for new hires:

2 Analytical Skills

1 Communication Skills

3 College Major

2007 entry-level hires came from the following majors:

40% Business

25% Computer Science

0% Economics

0% Engineering

20% Liberal Arts

0% Math

15% Science

0% Undeclared

% Other

...and are:

50% African American

22% Hispanic American

5% Asian American

0% Other

77% Total minorities

89% Female

Salary & Benefits

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

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

0% earn less than $35,000

12% earn $35,000 to $39,999

22% earn $40,000 to $44,999

22% earn $45,000 to $49,999

33% earn $50,000 to $54,999

11% 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

11% received signing bonuses

Average signing bonus: $500

100% received performance bonuses in their first year on job

Average performance bonus, 2007: $1,016

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: $7,200*

Full grad school sponsorship for jr. level employees? No

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: 20

Maximum PTO days after one year: 20

Maximum PTO days after three years: 20

Maximum PTO days after five years: 25

Maximum PTO days after 10 years:30

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: 10%

Min. employee set-aside as a percentage of salary to receive max. co. match: 10%

401(k) Details: Matching is based on age and years of service and ranges from 3% for new employees to 10% for those with 15 years of service.

Are entry-level hires eligible for company funded pension? No

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? $12,000

Employee Discounts on the following:

Gym memberships

Insurance

Cultural events

Notes: Amount shown for educational reimbursement is for external programs only. For in-house MBA program, the maximum is $10,800. New employees are eligible for tuition reimbursement after 6 months and the company covers 80% of the cost for eligible programs.

Work Environment

Average entry-level work week: 38 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

Organization sponsors employee volunteer opportunities

Does organization have fitness facilities on site? All locations

Training Programs

The organization has a formal orientation program for new hires

Program length: 3 days

Orientation includes the following:

Guest speakers

Diversity exercises

Facilities tour

Benefits overview

$900 average spent on training, per new hire, in 2007

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: Passage*

How do new employees enter the program? Automatic

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

Immediately

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: 78

Minimum: NA weeks

Maximum: NA weeks

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

How much is the typical raise: Up to 5%

Does company have formal mentorship program? Yes

10% of entry-level hires participate

5 days of additional training expected

Notes: Passage is designed to help develop the skills needed for non-management employees to move into positions of greater responsibility. It's 17 individual programs are part of the required curriculum for managers.

Getting Ahead

Three-year retention rate: 24%

Five-year retention rate: 20%

How are raises determined?

Performance

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

6 months to 1 year

How are promotions determined?

Performance

When are entry-level hires eligible for first promotion?

6 months to 1 year

Evaluations

Frequency of evaluations

Twice a year

Most important characteristics for entry-level hires:

3 Customer Satisfaction

2 Productivity/Efficiency

1 Quality

Min. tenure in years required for job change: 1

Transfer rules: Manager approval required

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: 17

No. of employees with VP or similar title with 20 years plus seniority: 5

Age of youngest employee with VP or similar title: 39

Seniority of youngest employee with VP or similar title in years: 10