20. Intel

Applicants & New Hires

Recruited on 71 undergrad campuses in 2008-09.
Made job offers on 68 undergrad campuses.

Applicants for entry-level jobs

2009: 9,380 (to date)

2008: 20,850

2007: 7,855

Entry-level hiring

Is your entry-level hiring complete for 2009? No

New hires in:

2009: 519 (to date)

2008: 1,265

2007: 815

Entry-level hires who were undergrad interns

2009: 46% (to date)

2008: 31%

2007: 42%

Most important characteristics for new hires:

1 College Major

2 College GPA/Academic Achievement

3 Technical Skills/Proficiency

2008 entry-level hires came from the following majors:

18% Business and Economics

12% Computer Science

62% Engineering

0% Liberal Arts

0% Math

0% Science

0% Pre-Law/Criminal Justice

0% Hospitality/Hotel & Restaurant Management

0% Design

0% Undeclared

8% Other

...and are:

31% Female

68% Minorities

6% African American

6% Hispanic American

56% Asian American

0% Other

Other majors include Marketing, HR, Supply Chain, Math, etc.

Salary & Benefits

Entry-level hires since Jan. 1, 2009 (to date)

Average base salary:
$60,000 to $64,999

Average base salary includes some non entry-level employees? No

Base Salary Detail:

0% earn less than $35,000

0% earn $35,000 to $39,999

0% earn $40,000 to $44,999

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

10% earn $50,000 to $54,999

14% earn $55,000 to $59,999

14% earn $60,000 to $64,999

32% earn $65,000 to $69,999

14% earn $70,000 to $74,999

5% earn $75,000 and above

Bonuses, Overtime & Perks

20% received signing bonuses

Average signing bonus: $7,516

100% received performance bonuses in their first year

Average performance bonus, 2008: $4,976

Overtime Eligibility:

0% of 2008 entry-level hires eligible for overtime

100% of 2008 entry-level hires not eligible for overtime

Educational Benefits:

Reimburse employees for education expenses? Yes

Do employees become eligible immediately? Yes

Maximum annual education reimbursement: $25,000

Full grad school sponsorship for jr. level employees? Yes

Partial grad school sponsorship for jr. level employees? Yes

Time Off

The organization has a Paid Time Off (PTO) Bank: No

Maximum PTO days after one year:

Maximum PTO days after five years:

Maximum PTO days after 10 years:

Maximum annual vacation days after one year: 15

Maximum annual vacation days after five years: 15

Maximum annual vacation days after 10 years: 20

Annual paid holidays: 9

Annual paid floating holidays/religious observances: 1

Annual paid sick/personal days: Unlimited

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? No

Does health plan provide vision coverage? Yes

Extra charge for vision coverage? No

Are same sex partners permitted as dependents? Yes

Pension and Profit-sharing

Do entry-level hires have access to 401(k)? Yes

Max. employer match as a percentage of salary: 0.0%

Min. percentage of salary employee must set aside to receive max. employer match: NA

In lieu of a 401(k) match, every U.S. employee, whether enrolled in a 401(k) or not, is given an annual profit-sharing contribution to his/her retirement fund. In 2008, that contribution was six percent of eligible earnings.

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

Are entry-level hires eligible for profit-sharing program? Yes

Other Benefits

Is flex time an option for entry-level hires? Yes

Does company match employee charitable gifts? Yes

Does company pay relocation expenses? Yes

Relocation expense limits? Lump sum payment for relocations

Other benefits include:

Employee Discounts

Transportation Benefits

Financial Planning/Tax Prep

Free Meals

Other

Typical entry-level employee bonus for a full year at the average base pay would be ~5k. It is prorated depending at start time of the year. All employees are eligible to receive 3 performance bonuses each year. In addition to vacation all employees get an 8-week paid sabbatical after 7 years. New hires are eligible for a company-funded pension after 1 year. Free meals limited to coffee, soda, and fruit.

Work Environment

Average entry-level work week: 40 hours

Does average vary by business unit, department? Yes

0% work in open work stations

100% work in cubicles

0% work in shared offices

0% work in private offices

0% have no employer-supplied work space

Dress code includes:

Business Casual

Casual

Does the organization sponsor employee volunteer opportunities? Yes

Does organization have fitness facilities on site? Most locations

Intel encourages employees to take an active role in their communities worldwide.Intel's volunteer program coordinates a variety of employee volunteer programs in support of education, environmental stewardship, safety, and youth. In 2008, Intel employees volunteered over 1 million hours.

Training Programs

Formal orientation program: Yes

Program length: 3 days

Orientation includes the following:

Computer Training

Guest Speakers

Diversity Exercises

Team Building Activities

Tour of Facilities

Benefits Overview

Company Overview

Ethics, mission, culture, and values

Job-Specific Training

Policies And Procedures

Average spent on training, per new hire, in 2008: $8,000

Formal management development program for entry-level employees that is rotational and at least one year in length:
Yes - Accelerated Leadership Program

Average length of this program: 104 weeks

Typical raise after completion: No raise

Formal management development program for entry-level employees that is rotational and less than one year in length:
Yes - Rotation Engineers Program

Average length of this program: 52 weeks

Typical raise after completion: No raise

Formal mentorship programs for entry-level hires? Yes

Mentorship participation rate is 33%

Required training days (excl. formal leadership programs): 10

Raises are given at annual performance reviews or change of job to a higher level. One year is the maximum length of the Rotation Engineers Program and participants are usually placed in a permanent job by the one-year mark. In addition to the required training employees have free memberships to online programs such as SkillSoft & Books 24X7, hundreds of E-courses, and live Intel University classes.

Getting Ahead

Three-year retention rate: 67%

Five-year retention rate: 53%

How are raises determined?

Individual Performance

Company Performance

Job Classification

Are most entry-level hires eligible for their first raise in less than a year? Yes

How are promotions determined?

Individual Performance

Availability Of Openings

Business Needs

Are most entry-level hires eligible for their first promotion in less than a year? Yes

Evaluations

Is the frequency of evaluations more than once per year? Yes

Most important performance measures for entry-level hires:

1 Quality

2 Learning Ability

3 Analytical Skills

Min. tenure required for job change/transfer: 12 months

Long-Term Prospects

Does position of vice president exist at this organization? Yes

If not, is there a comparable title?

Employees who hold VP or similar title: 193

Employees with VP or similar title who have 20+ years seniority: 104

Age of youngest employee with VP or similar title: 36

Seniority of youngest employee with VP or similar title: 14 years

Employees who hold the title of VP or higher includes Technical Fellows who are senior leaders at Intel and are selected for their technical leadership and outstanding contributions to the company and the industry.