Undergrad Internships

Internship hiring for 2008 is not complete

Undergrad internships (paid and unpaid)

2008: 548 (to date)

2007: 622

2006: 547

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

2007 interns came from the following classes...

14% Freshman

22% Sophomores

47% Juniors

17*% Seniors

...and from the following majors:

37% Business

16% Computer Science

2% Economics

30% Engineering

0% Liberal Arts

0% Math

1% Science

10% Undeclared

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

Applicants & New Hires

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)

2007: 27,520

2006: 10,280*

Entry-level hiring

Entry-level hiring is not complete for 2008.

New hires in:

2008: 368 (to date)

2007: 688

2006: 257

Entry-level hires who were undergrad interns

2008: 22% (to date)

2007: 13%

2006: 25%

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:

32% Business

17*% Computer Science

0% Economics

28% Engineering

0% Liberal Arts

0% Math

0% Science

0% Undeclared

23 Sales, Service% Other

...and are:

7% African American

6% Hispanic American

31% Asian American

0% Other

44% Total minorities

28% Female

Notes: Computer science includes IT.

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

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

Time Off

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

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: 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

Other Benefits

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:

Car rentals

Gym memberships

Cell phone service

Insurance

Cultural events

Publications

Software, food, florists.

Notes: Average performance bonus is about 9%.

Work Environment

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

Business Casual

Casual

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:

Computer training

Guest speakers

Diversity exercises

Team building activities

Facilities tour

Benefits overview

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?

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

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

Getting Ahead

Three-year retention rate: NA%

Five-year retention rate: NA%

How are raises determined?

Performance

When are most entry-level hires eligible for their first raise?

6 months to 1 year

How are promotions determined?

Performance

When are entry-level hires eligible for first promotion?

Other (explain below) There is no minimum time requirement for promotion.

Evaluations

Frequency of evaluations

Annually

Most important characteristics for entry-level hires:

3 Learning Ability

1 Productivity/Efficiency

2 Teamwork

Min. tenure in years required for job change: 0

Transfer rules: No minimum is required, but 1 year is suggested.

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: 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