Company Insight: WAG
200 Wilmot Rd
Deerfield, Illinois 60015
Internship hiring for 2008 is not complete
Undergrad internships (paid and unpaid)
2008: 6,000 (to date)
97% of internships are paid, 3% are unpaid.
2007 interns came from the following classes...
...and from the following majors:
NA% Computer Science
NA% Liberal Arts
There is an official summer internship program
Average summer program: 10 weeks
Minimum: 8 weeks
Maximum: 12 weeks
Average hourly wage: NA*
Average total intern compensation: NA
NA% of eligible 2007 interns received full-time job offers
NA% of interns with offers accepted
Notes: Survey includes data from the following business units: Retail Management, Pharmacy, Distribution Center, and Corporate.
Total internships 2006-2008 are for those business units plus Walgreens Health Services.
Hourly wage for summer interns varies based on business unit.
Recruited on 964 undergrad campuses in 2007-08.
Made job offers on NA undergrad campuses.
Applicants for entry-level jobs
2008: 65,851 (to date)
Entry-level hiring is not complete for 2008.
New hires in:
2008: 4,366* (to date)
Entry-level hires who were undergrad interns
2008: 9% (to date)
Most important characteristics for new hires:
2 Analytical Skills
1 Communication Skills
3 Leadership Skills
For the purpose of this survey, entry-level employees include all those hired or promoted into such positions including assistant managers in the retail setting, staff pharmacists, and positions within our corporate offices and distribution centers.
2007 entry-level hires came from the following majors:
NA% Computer Science
NA% Liberal Arts
17% African American
10% Hispanic American
12% Asian American
40% Total minorities
Entry-level hires since Jan. 1, 2008 (to date)
Average base salary:
$60,000 to $64,999
0% earn less than $35,000
68% earn $35,000 to $39,999
0% earn $40,000 to $44,999
1% earn $45,000 to $49,999
1% 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
30% earn $75,000 and above
Bonuses, Overtime & Perks
NA% received signing bonuses
Average signing bonus: NA
30% received performance bonuses in their first year on job
Average performance bonus, 2007: $4,000
97% of 2007 entry-level hires eligible for overtime
3% 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: $5,000
Full grad school sponsorship for jr. level employees? No
Partial grad school sponsorship for jr. level employees? No
Total paid vacation days
Vacation days during first year: NA*
Vacation days after one year: NA
Vacation days after three years: NA
Vacation days after five years: NA
Vacation days after 10 years: NA
Total paid holidays: 6
No paid time off for religious observances and/or floating holidays:
Floating holidays/religious observance days off per year: NA
Paid sick/personal days allowed in first year: NA*
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? No*
Extra charge for vision coverage? NA
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: 2%
401(k) Details: Company match does not include a discretionary match of up to an additional 4% based on profits.
Are entry-level hires eligible for company funded pension? No
Are entry-level hires eligible for profit-sharing program? Yes
Does company match employee charitable gifts? No
Does company pay relocation expenses? Yes
Max. annual relocation expenses? $3,000
Only available to newly hired pharmacists moving to select areas.
Employee Discounts on the following:
Cell phone service
Discount in Walgreen stores
Notes: Only employees enrolled in pharmacy school are eligible for educational reimbursement shown if they meet certain requirements.
Walgreens vacation and sick/personal day benefits vary among business units.
Walgreens offers vision discounts through the various medical plans offered to employees.
Flex-time varies among departments and is determined at the manager's discretion
Average entry-level work week: 42 hours
Does average vary by business unit, department? Yes
Entry-level hire work locations...
97% in open work stations
3% in cubicles
0% in shared offices
0% in private offices
0% have no company-supplied work space
Typical dress code
Does organization have fitness facilities on site? Facilities not available*
Notes: Although Walgreens does not have fitness facilities on site, the company does offer employee discounts with multiple fitness centers across the country.
The organization has a formal orientation program for new hires
Program length: 21 days
Orientation includes the following:
Team building activities
Career path opportunities, policy and procedures, how to succeed/best practices at Walgreens, what to expect from Walgreens and what company expects from you, introduction to culture and history of company
NA 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: Management Development Program*
How do new employees enter the program? Hired into the program
If not hired directly into program, when are most new hires first considered eligible?
The program is rotational.
Training program runs from 12 to 36 weeks
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.
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?
Length of program, in weeks:
After completion, what percentage of employees receive a raise?:
How much is the typical raise:
Does company have formal mentorship program? Yes
3% of entry-level hires participate
NA days of additional training expected
Notes: Management Development program is for Assistant Managers working in retail stores.
There is no set rotation length; rotations are dependent on the individual employee.
Three-year retention rate: 51%
Five-year retention rate: 44%
How are raises determined?
Factors include performance, seniority, budget guidelines, and other business considerations
When are most entry-level hires eligible for their first raise?
6 months to 1 year
How are promotions determined?
Both performance and seniority
When are entry-level hires eligible for first promotion?
Other (explain below) Based on performance and position availability
Frequency of evaluations
Most important characteristics for entry-level hires:
1 All criteria used on performance evaluations are weighted equallly
Min. tenure in years required for job change: 0
Transfer rules: No minimum tenure for retail pharmacy and management positions only; For corporate positions, the minimum is 6 months
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: 80
No. of employees with VP or similar title with 20 years plus seniority: 41
Age of youngest employee with VP or similar title: 33
Seniority of youngest employee with VP or similar title in years: 16