Company Insight: EMC
176 South Street
Hopkinton, Massachusetts 01748
Internships are filled for 2008
Undergrad internships (paid and unpaid)
2008: 352 (to date)
100% of internships are paid, 0% are unpaid.
2007 interns came from the following classes...
...and from the following majors:
29% Computer Science
4% Liberal Arts
13% Psychology, English, Sociology, Communications
There is an official summer internship program
Average summer program: 12 weeks
Minimum: NA weeks
Maximum: NA weeks
Average hourly wage: $17.00
Average total intern compensation: $9,000
90% of eligible 2007 interns received full-time job offers
75% of interns with offers accepted
Recruited on 100 undergrad campuses in 2007-08.
Made job offers on 85 undergrad campuses.
Applicants for entry-level jobs
2008: 17,000 (to date)
Entry-level hiring is not complete for 2008.
New hires in:
2008: 889* (to date)
Entry-level hires who were undergrad interns
2008: 10% (to date)
Most important characteristics for new hires:
3 Communication Skills
1 College Major
2 Work Experience
Many positions are in hardware and software engineering, as well as in EMC?s Sales, Marketing, Human Resources, Finance, IT, and Services organizations. EMC also offers associate and rotational programs, paid co-ops, and internships designed for post-grad and entry-level employees.
2007 entry-level hires came from the following majors:
18% Computer Science
8% Liberal Arts
34 Sales, Social Sciences, and other unspecified areas of study% Other
NA% African American
NA% Hispanic American
NA% Asian American
NA% Total minorities
Entry-level hires since Jan. 1, 2008 (to date)
Average base salary:
$50,000 to $54,999
4% earn less than $35,000
5% earn $35,000 to $39,999
21% earn $40,000 to $44,999
9% earn $45,000 to $49,999
32% earn $50,000 to $54,999
9% earn $55,000 to $59,999
8% earn $60,000 to $64,999
5% earn $65,000 to $69,999
2% earn $70,000 to $74,999
5% earn $75,000 and above
Bonuses, Overtime & Perks
0% received signing bonuses
Average signing bonus: NA
47% received performance bonuses in their first year on job
Average performance bonus, 2007: $1,375
49% of 2007 entry-level hires eligible for overtime
51% 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: $10,000
Full grad school sponsorship for jr. level employees? Yes*
Partial grad school sponsorship for jr. level employees? Yes
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: 20
Total paid holidays: 8
Paid time off for religious observances and/or floating holidays:
Floating holidays/religious observance days off per year: 3
Paid sick/personal days allowed in first year: 5
Flextime is an option for entry-level employees
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: 6%
Min. employee set-aside as a percentage of salary to receive max. co. match: 6%
401(k) Details: EMC matches up to 6% as a percentage of salary, up to $750 per quarter.
Are entry-level hires eligible for company funded pension? No
Are entry-level hires eligible for profit-sharing program? No
Does company match employee charitable gifts? Yes
Does company pay relocation expenses? Yes
Max. annual relocation expenses? $35,000
This maximum reimbursement is for entry-level hires only.
Employee Discounts on the following:
Cell phone service
Flexible work schedules, on-site cafeterias, day-care, dry-cleaning, and fitness centers, as well as health and wellness programs. Additionally, EMC partners with NextJump to provide employees access to discounts at over 1,200 retailers and entertainment complexes nationwide.
Notes: EMC?s Northeastern University 2? year onsite MBA program is one of EMC?s more unique programs where employees work on team projects relevant to EMC.
Many customizable programs allow employees to select the health, wellness, life insurance, 401(k), flexible spending plans, and coverage that best meet their needs and those of their families, including spouses/domestic partners and eligible dependents.
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
Organization sponsors employee volunteer opportunities
Does organization have fitness facilities on site? Some locations
The organization has a formal orientation program for new hires
Program length: 1 days
Orientation includes the following:
Team building activities
Introduction to EMC 90 Day Success Plan that supports employees as they begin their careers at EMC.
NA 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: The EMC Finance Training Program (FTP)
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? 3
Minimum rotations: NA
Maximum rotations: NA
Length of program, in weeks: 100
Minimum: NA weeks
Maximum: NA weeks
After completion, what percentage of employees receive a raise?: 100%
How much is the typical raise: 5-9.9%
Does company have formal mentorship program? Yes
75% of entry-level hires participate
13 days of additional training expected
Three-year retention rate: 84%
Five-year retention rate: 82%
How are raises determined?
When are most entry-level hires eligible for their first raise?
After 1-year of service during EMC's annual compensation review period.
How are promotions determined?
When are entry-level hires eligible for first promotion?
Other (explain below) After 1-year of service during EMC's annual compensation review period
Frequency of evaluations
Most important characteristics for entry-level hires:
NA* Analytical Skills
NA Customer Satisfaction
NA Leadership Ability
NA Learning Ability
NA Organizational Skills
NA Sales/Revenue Generation
Min. tenure in years required for job change: 1
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: 188
No. of employees with VP or similar title with 20 years plus seniority: 19
Age of youngest employee with VP or similar title: NA
Seniority of youngest employee with VP or similar title in years: NA
Notes: Important skills for entry level hires varies depending the work group where the individual is employed.