99. Dominion

Undergrad Internships

Internship hiring for 2008 is not complete

Undergrad internships (paid and unpaid)

2008: 285* (to date)

2007: 200

2006: 181

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

2007 interns came from the following classes...

1% Freshman

12% Sophomores

38% Juniors

49% Seniors

...and from the following majors:

10% Business

7% Computer Science

1% Economics

52% Engineering

4% Liberal Arts

0% Math

5% Science

0% Undeclared

21% Mechanical Engineering, Nuclear Engineering, HR, Printing & Print Making, Human Development, Psychology, Communications

There is an official summer internship program

Average summer program: NA weeks

Minimum: 10 weeks

Maximum: 12 weeks

Average hourly wage: $15.55

Average total intern compensation: $7,500

57% of eligible 2007 interns received full-time job offers

68% of interns with offers accepted

Notes: This data includes only non-union interns.

Applicants & New Hires

Recruited on 22 undergrad campuses in 2007-08.
Made job offers on NA undergrad campuses.

Applicants for entry-level jobs

2008: 9,688 (to date)

2007: 5,352

2006: 3,860

Entry-level hiring

Entry-level hiring is not complete for 2008.

New hires in:

2008: 583 (to date)

2007: 1,480

2006: 1,161

Entry-level hires who were undergrad interns

2008: NA% (to date)

2007: NA%

2006: NA%

Most important characteristics for new hires:

1 Analytical Skills*

2 Communication Skills

3 College Major

For technical positions, college major may be the most important characteristic.

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:

NA% African American

NA% Hispanic American

NA% Asian American

NA% Other

17% Total minorities

21% Female

Salary & Benefits

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

Average base salary:
$40,000 to $44,999*

18% earn less than $35,000

21% earn $35,000 to $39,999

24% earn $40,000 to $44,999

11% earn $45,000 to $49,999

7% earn $50,000 to $54,999

8% earn $55,000 to $59,999

5% earn $60,000 to $64,999

4% earn $65,000 to $69,999

1% earn $70,000 to $74,999

1% earn $75,000 and above

Bonuses, Overtime & Perks

15% received signing bonuses

Average signing bonus: $5,644

58% received performance bonuses in their first year on job

Average performance bonus, 2007: $4,335

85% of 2007 entry-level hires eligible for overtime

15% 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

Total paid vacation days

Vacation days during first year: 10*

Vacation days after one year: 10

Vacation days after three years: 10

Vacation days after five years: 16

Vacation days after 10 years: 20

Total paid holidays: 11

Paid time off for religious observances and/or floating holidays:

Floating holidays/religious observance days off per year: 1

Paid sick/personal days allowed in first year: 130

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: 4%

Min. employee set-aside as a percentage of salary to receive max. co. match: 6%

Are entry-level hires eligible for company funded pension? Yes

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

Employee Discounts on the following:

Car rentals

Gym memberships

Cell phone service

Insurance

Cultural events

Publications

Notes: All pay and bonus-related data includes union and non-union employees.

Vacation days are prorated by length of service, so an employee can get up to 10 days, depending on their start date..

Information regarding vacation, holidays, and sick/personal days is for non-union employees only. Part-time employees receive half of the full-time benefits. Union employees have vacation and sick time, which vary in accordance with union contracts.

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

95% in cubicles

0% in shared offices

5% in private offices

0% have no company-supplied work space

Typical dress code

Business Casual

Casual

Business

Organization sponsors employee volunteer opportunities

Does organization have fitness facilities on site? Most locations

Training Programs

The organization has a formal orientation program for new hires

Program length: 1 days

Orientation includes the following:

Guest speakers

Diversity exercises

Team building activities

Facilities tour

Benefits overview

Safety and security, company history , vision and values.

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 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

5% of entry-level hires participate

NA* days of additional training expected

Notes: Training costs are budgeted and managed at the Business Unit level.

All entry level employees are expected to participate in professional and personal development each year with no minimum days required; training ranges on average from 5-60 days per year.

Getting Ahead

Three-year retention rate: 54%

Five-year retention rate: 53%

How are raises determined?

Performance

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

Merit raises are given annually in March.

How are promotions determined?

Performance

When are entry-level hires eligible for first promotion?

Other (explain below) Based on individual performance and management discretion.

Evaluations

Frequency of evaluations

Twice a year

Most important characteristics for entry-level hires:

1 Analytical Skills

3 Learning Ability

2 Productivity/Efficiency

Min. tenure in years required for job change: 1

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: 68

No. of employees with VP or similar title with 20 years plus seniority: 48

Age of youngest employee with VP or similar title: 36

Seniority of youngest employee with VP or similar title in years: 10