2008 Best Places to Launch A Career

79. Walgreen

Retailing


More Info

Company Insight: WAG

HQ Address:
200 Wilmot Rd
Deerfield, Illinois 60015

Organization's Web site

Careers site

Managing Your Career

Walgreen

Half of all top execs have been with the company 20+ years.

Getting Started

Undergrad Internships

Internship hiring for 2008 is not complete

Undergrad internships (paid and unpaid)

2008: 6,000 (to date)

2007: 11,025

2006: 9,508*

97% of internships are paid, 3% are unpaid.

2007 interns came from the following classes...

NA% Freshman

NA% Sophomores

NA% Juniors

NA% Seniors

...and from the following majors:

NA% Business

NA% Computer Science

NA% Economics

NA% Engineering

NA% Liberal Arts

NA% Math

NA% Science

NA% Undeclared

NA%

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.

Applicants & New Hires

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)

    2007: 140,139

    2006: NA

Entry-level hiring

Entry-level hiring is not complete for 2008.

New hires in:

2008: 4,366* (to date)

2007: 14,386

2006: 13,681

Entry-level hires who were undergrad interns

2008: 9% (to date)

2007: 15%

2006: 17%

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% Business

NA% Computer Science

NA% Economics

NA% Engineering

NA% Liberal Arts

NA% Math

NA% Science

NA% Undeclared

% Other

...and are:

17% African American

10% Hispanic American

12% Asian American

1% Other

40% Total minorities

48% Female

Salary & Benefits

Salary & Benefits

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

Time Off

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*

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? 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

Other Benefits

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:

Car rentals

Gym memberships

Cell phone service

Insurance

Cultural events

Publications

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

Moving On Up

Work Environment

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

Business Casual

Casual Friday

Business

No

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.

Training Programs

The organization has a formal orientation program for new hires

Program length: 21 days

Orientation includes the following:

Computer training

Guest speakers

Diversity exercises

Team building activities

Facilities tour

Benefits overview

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?

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? 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.

Getting Ahead

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

Evaluations

Frequency of evaluations

Annually

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

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: 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

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