Company Insight: HPQ
3000 Hanover Street
Palo Alto, California 94304
Internship hiring for 2008 is not complete
Undergrad internships (paid and unpaid)
2008: 548 (to date)
100% of internships are paid, 0% are unpaid.
2007 interns came from the following classes...
...and from the following majors:
16% Computer Science
0% Liberal Arts
4% Sales. Law
There is an official summer internship program
Average summer program: 12 weeks
Minimum: 10 weeks
Maximum: 12 weeks
Average hourly wage: $21.19
Average total intern compensation: $11,165
30% of eligible 2007 interns received full-time job offers
28% of interns with offers accepted
Notes: Includes some graduates
Recruited on 32 undergrad campuses in 2007-08.
Made job offers on 30 undergrad campuses.
Applicants for entry-level jobs
2008: 14,720 (to date)
Entry-level hiring is not complete for 2008.
New hires in:
2008: 368 (to date)
Entry-level hires who were undergrad interns
2008: 22% (to date)
Most important characteristics for new hires:
2 Analytical Skills
3 Leadership Skills
1 College Major
Number of entry-level applicants is an estimate
2007 entry-level hires came from the following majors:
17*% Computer Science
0% Liberal Arts
23 Sales, Service% Other
7% African American
6% Hispanic American
31% Asian American
44% Total minorities
Notes: Computer science includes IT.
Entry-level hires since Jan. 1, 2008 (to date)
Average base salary:
$60,000 to $64,999
0% earn less than $35,000
0% earn $35,000 to $39,999
0% earn $40,000 to $44,999
15% earn $45,000 to $49,999
0% earn $50,000 to $54,999
0% earn $55,000 to $59,999
75% earn $60,000 to $64,999
% earn $65,000 to $69,999
% earn $70,000 to $74,999
10% earn $75,000 and above
Bonuses, Overtime & Perks
58% received signing bonuses
Average signing bonus: $5,920
100% received performance bonuses in their first year on job
Average performance bonus, 2007: NA*
1% of 2007 entry-level hires eligible for overtime
99% 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? Yes
Partial grad school sponsorship for jr. level employees? No
The organization has a Paid Time Off (PTO) Bank
Maximum PTO days during first year: 10
Maximum PTO days after one year: 11
Maximum PTO days after three years: 13
Maximum PTO days after five years: 15
Maximum PTO days after 10 years:20
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%
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? NA
Optional provision for household goods movement
Employee Discounts on the following:
Cell phone service
Software, food, florists.
Notes: Average performance bonus is about 9%.
Average entry-level work week: 45 hours
Does average vary by business unit, department? Yes
Entry-level hire work locations...
0% in open work stations
90% in cubicles
0% in shared offices
5% in private offices
5% 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
This is an on-line orientation with some sites offering a live orientation
$1,686 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: Sales Leadership training*
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?
1-week training program
After completion of program, what percentage of employees receive a raise? NA
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?
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
75% of entry-level hires participate
NA* days of additional training expected
Notes: Sales Leadership program is required for new entry-level Sales hires.
The number of days of training varies for every employee based on their personal development plans
Three-year retention rate: NA%
Five-year retention rate: NA%
How are raises determined?
When are most entry-level hires eligible for their first raise?
6 months to 1 year
How are promotions determined?
When are entry-level hires eligible for first promotion?
Other (explain below) There is no minimum time requirement for promotion.
Frequency of evaluations
Most important characteristics for entry-level hires:
3 Learning Ability
Min. tenure in years required for job change: 0
Transfer rules: No minimum is required, but 1 year is suggested.
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: NA
No. of employees with VP or similar title with 20 years plus seniority: NA
Age of youngest employee with VP or similar title: NA
Seniority of youngest employee with VP or similar title in years: NA