69. Internal Revenue Service

Undergrad Internships

Internship hiring for 2008 is not complete

Undergrad internships (paid and unpaid)

2008: 221 (to date)

2007: 352

2006: 684

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

2007 interns came from the following classes...

0% Freshman

10% Sophomores

40% Juniors

50% Seniors

...and from the following majors:

85% Business

0% Computer Science

10% Economics

0% Engineering

5% Liberal Arts

0% Math

0% Science

0% Undeclared

0%

There is an official summer internship program

Average summer program: 11 weeks

Minimum: NA weeks

Maximum: NA weeks

Average hourly wage: $12.11

Average total intern compensation: $5,330

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

NA% of interns with offers accepted

Applicants & New Hires

Recruited on 391 undergrad campuses in 2007-08.
Made job offers on NA* undergrad campuses.

Applicants for entry-level jobs

2008: NA (to date)

2007: NA

2006: NA

Entry-level hiring

Entry-level hiring is not complete for 2008.

New hires in:

2008: 2,443 (to date)

2007: 2,451

2006: 2,431

Entry-level hires who were undergrad interns

2008: NA% (to date)

2007: 8%

2006: 6%

Most important characteristics for new hires:

3 Analytical Skills

2 Communication Skills

1 College Major

All graduating seniors must apply for vacancies on USAJOBS.Offers of employment cannot be made on campus.

2007 entry-level hires came from the following majors:

70% Business

5% Computer Science

10% Economics

0% Engineering

15% Liberal Arts

0% Math

0% Science

0% Undeclared

% Other

...and are:

28% African American

12% Hispanic American

5% Asian American

0% Other

45% Total minorities

61% Female

Salary & Benefits

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

Average base salary:
$35,000 to $39,999

16% earn less than $35,000

70% earn $35,000 to $39,999

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

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

14% 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

0% earn $75,000 and above

Bonuses, Overtime & Perks

0% received signing bonuses

Average signing bonus: NA

100% 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? No

Partial grad school sponsorship for jr. level employees? No

Time Off

The organization has a Paid Time Off (PTO) Bank

Maximum PTO days during first year: 13

Maximum PTO days after one year: 13

Maximum PTO days after three years: 20

Maximum PTO days after five years: 20

Maximum PTO days after 10 years:20

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? 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: 4%

Min. employee set-aside as a percentage of salary to receive max. co. match: 5%

401(k) Details:

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

Are entry-level hires eligible for profit-sharing program? No

Other Benefits

Does company match employee charitable gifts? No

Does company pay relocation expenses? No

Max. annual relocation expenses? NA

Reimbursements made on a limited basis

Employee Discounts on the following:

Gym memberships

Cultural events

'Computers, software, and gym memberships where available

Work Environment

Average entry-level work week: 40 hours

Does average vary by business unit, department? No

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

Training Programs

The organization has a formal orientation program for new hires

Program length: 1 days

Orientation includes the following:

Guest speakers

Facilities tour

Benefits overview

$14,000 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 not a formal leadership program for entry-level hires that lasts a year or more.

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: Total number of training days differs depending on the occupation. All entry level hires recieve formal classroom training as well as on the job training by a experienced team leader within their respective business division. Employees at higher grade levels with previous experience may participate in Management Readiness programs, including the Frontline Leader Program, Department Manager Program, Senior Readiness Program and Executive Readiness Program. However, the majority of entry level hires (recent college graduates) would not be eligible to participate within the first year.

Getting Ahead

Three-year retention rate: 90%

Five-year retention rate: 80%

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 Learning Ability

3 Organizational Skills

2 Productivity/Efficiency

Min. tenure in years required for job change: 1

Long-Term Prospects

Does position of vice president exist at this organization? No

If not, is there a comparable title? Deputy & Assistant Commissioners

No. of employees who hold VP or similar title: 6

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

Age of youngest employee with VP or similar title: 51

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