49. Protiviti

Applicants & New Hires

Recruited on 49 undergrad campuses in 2008-09.
Made job offers on 46 undergrad campuses.

Applicants for entry-level jobs

2009: 1,204 (to date)

2008: 4,855

2007: 4,967

Entry-level hiring

Is your entry-level hiring complete for 2009? Yes

New hires in:

2009: 146 (to date)

2008: 217

2007: 360

Entry-level hires who were undergrad interns

2009: 43% (to date)

2008: 35%

2007: 8%

Most important characteristics for new hires:

1 Communication Skills

2 College Major

3 Analytical Skills

All information disclosed in this survey is applicable to consulting practice employees.

2008 entry-level hires came from the following majors:

94% Business and Economics

4% Computer Science

1% Engineering

1% Liberal Arts

0% Math

0% Science

0% Pre-Law/Criminal Justice

0% Hospitality/Hotel & Restaurant Management

0% Design

0% Undeclared

0% Other

...and are:

NA Female

NA Minorities

NA African American

NA Hispanic American

NA Asian American

NA Other

Salary & Benefits

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

Average base salary:
$50,000 to $54,999

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

29% earn $45,000 to $49,999

47% earn $50,000 to $54,999

24% earn $55,000 to $59,999

0% 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

99% received signing bonuses

Average signing bonus: $3,179

5% received performance bonuses in their first year

Average performance bonus, 2008: $1,120

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? No

Maximum annual education reimbursement: NA

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: Yes

Maximum PTO days after one year: 20

Maximum PTO days after five years: 23

Maximum PTO days after 10 years: 30

Maximum annual vacation days after one year:

Maximum annual vacation days after five years:

Maximum annual vacation days after 10 years:

Annual paid holidays:

Annual paid floating holidays/religious observances:

Annual paid sick/personal days:

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)? Yes

Max. employer match as a percentage of salary: 1.5%

Min. percentage of salary employee must set aside to receive max. employer match: 6.0%

Are entry-level hires eligible for employer-funded pension? No

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? Paid as lump sum in some cases

Other benefits include:

Employee Discounts

Transportation Benefits

Financial Planning/Tax Prep

Other

Employees qualify for an educational reimbursement of up to $5,000 a year after 2 years of service, which includes Protiviti intern experience. Other benefits include pet insurance.

Work Environment

Average entry-level work week: NA 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 Fridays

Does the organization sponsor employee volunteer opportunities? Yes

Does organization have fitness facilities on site? Facilities not available

Though entry-level employees work in cubicles while in Protiviti offices, a majority of their time is spent on-site at clients, where work environments vary from offices to meeting rooms, as well as in training sessions. Community service support includes matching donations for time volunteering, office-organized philanthropy activities, and a sabbatical program.

Training Programs

Formal orientation program: Yes

Program length: 11 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

Other

Average spent on training, per new hire, in 2008: $10,000

Formal management development program for entry-level employees that is rotational and at least one year in length:
No -

Average length of this program: NA weeks

Typical raise after completion:

Formal management development program for entry-level employees that is rotational and less than one year in length:
No -

Average length of this program: NA weeks

Typical raise after completion:

Formal mentorship programs for entry-level hires? Yes

Mentorship participation rate is 100%

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

New hires attend Protiviti's business simulation learning event, "The Consultant Challenge," and can attend other in-person training events on many topics and industries. Though Protiviti's programs do not meet the criteria above, the firm does have a leadership development program open to top-performing entry-level employees. The firm reimburses all costs for approved professional certification exams.

Getting Ahead

Three-year retention rate: NA

Five-year retention rate: NA

How are raises determined?

Are most entry-level hires eligible for their first raise in less than a year? No

How are promotions determined?

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:

Min. tenure required for job change/transfer: 0 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: 151

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

Age of youngest employee with VP or similar title: NA

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

Protiviti has not been in existence for 20 years.