2008 Best Places to Launch A Career

83. Allstate Insurance Company

Insurance


More Info

Company Insight: ALL

HQ Address:
2775 Sanders Road
Suite A1
Northbrook, Illinois 60062

Organization's Web site

Careers site

Managing Your Career

Allstate Insurance Company

More than two-thirds of top execs have 20+ years with the company.

Getting Started

Undergrad Internships

Internship hiring for 2008 is not complete

Undergrad internships (paid and unpaid)

2008: 151 (to date)

2007: 108

2006: 108

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

2007 interns came from the following classes...

0% Freshman

10% Sophomores

30% Juniors

60% Seniors

...and from the following majors:

35% Business

24% Computer Science

5% Economics

0% Engineering

4% Liberal Arts

27% Math

0% Science

0% Undeclared

5% Sales, English

There is an official summer internship program

Average summer program: 12 weeks

Minimum: NA weeks

Maximum: NA weeks

Average hourly wage: $21.60

Average total intern compensation: $9,888*

61% of eligible 2007 interns received full-time job offers

39% of interns with offers accepted

Notes: Eligible interns may also receive subsidized transportation to the Allstate Home Office in Northbrook, IL to begin the internship and to return home

Applicants & New Hires

Recruited on 25 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: 148 (to date)

2007: 343

2006: 317

Entry-level hires who were undergrad interns

2008: NA% (to date)

2007: NA%

2006: NA%

Most important characteristics for new hires:

3 Communication Skills

1 College Major

2 College GPA

2007 entry-level hires came from the following majors:

40% Business

30% Computer Science

5% Economics

0% Engineering

5% Liberal Arts

10% Math

10% Science

0% Undeclared

% Other

...and are:

NA% African American

NA% Hispanic American

NA% Asian American

NA% Other

47% Total minorities

58% Female

Salary & Benefits

Salary & Benefits

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

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

12% earn less than $35,000

30% earn $35,000 to $39,999

9% earn $40,000 to $44,999

20% earn $45,000 to $49,999

25% earn $50,000 to $54,999

3% earn $55,000 to $59,999

1% 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

NA% received signing bonuses

Average signing bonus: NA

NA% received performance bonuses in their first year on job

Average performance bonus, 2007: NA

8% of 2007 entry-level hires eligible for overtime

92% 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: $5,250

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: 14

Maximum PTO days after one year: 14

Maximum PTO days after three years: 14

Maximum PTO days after five years: 25

Maximum PTO days after 10 years:25

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: 5%

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

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? Yes

Does company pay relocation expenses? Yes

Max. annual relocation expenses? NA

Amounts vary.

Employee Discounts on the following:

Car rentals

Gym memberships

Cell phone service

Insurance

Publications

Moving On Up

Work Environment

Average entry-level work week: 40 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? Some locations*

Notes: In addition to Allstate's onsite fitness facility, organization has a corporate-wide wellness program.

Training Programs

The organization has a formal orientation program for new hires

Program length: 1 days

Orientation includes the following:

Team building activities

Facilities tour

Benefits overview

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: Allstate's Talent Acceleration Program*

How do new employees enter the program? Apply

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

Other (explain below)

NA

Is program rotational? Yes

If so, how many locations or business units does the employee spend time at? 3

Minimum rotations: 2

Maximum rotations: 3

Length of program, in weeks: NA

Minimum: 52 weeks

Maximum: 104 weeks

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

How much is the typical raise: NA

Does company have formal mentorship program? Yes

NA% of entry-level hires participate

NA* days of additional training expected

Notes: The Talent Acceleration Program (TAP) accelerates the development of a small group of employees with the potential for future leadership roles by deepening their internal experience and growing their internal network through developmental events and temporary assignments.

Additional training for entry-level hires varies by department.

Getting Ahead

Three-year retention rate: 53%

Five-year retention rate: 39%

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?

Other (explain below) Based on responsibility level, organizational needs, and candidate's knowledge and skills.

Evaluations

Frequency of evaluations

Quarterly

Most important characteristics for entry-level hires:

1 Leadership Ability

2 Organizational Skills

3 Productivity/Efficiency

Min. tenure in years required for job change: 1

Transfer rules: Performance rating of "Fair"

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: 73

No. of employees with VP or similar title with 20 years plus seniority: 50

Age of youngest employee with VP or similar title: 38

Seniority of youngest employee with VP or similar title in years: 4

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