2009 Best Places to Launch A Career

52. Walgreen

Retail


More Info

Managing Your Career

Walgreen

A fourth of all entry-level hires, including some new pharmacists, get signing bonuses worth a whopping $18,500.

Getting Started

Applicants & New Hires

Recruited on 859 undergrad campuses in 2008-09.
Made job offers on NA undergrad campuses.

Applicants for entry-level jobs

    2009: NA (to date)

    2008: 89,664

    2007: 140,139

Entry-level hiring

Is your entry-level hiring complete for 2009? No

New hires in:

2009: 3,378 (to date)

2008: 11,969

2007: 14,513

Entry-level hires who were undergrad interns

2009: NA (to date)

2008: 15%

2007: 15%

Most important characteristics for new hires:

1 Communication Skills

2 Leadership Skills

3 Analytical Skills

2008 entry-level hires came from the following majors:

1% Business and Economics

0% Computer Science

0% Engineering

1% Liberal Arts

0% Math

0% Science

0% Pre-Law/Criminal Justice

0% Hospitality/Hotel & Restaurant Management

0% Design

91% Undeclared

7% Other

...and are:

39% Female

39% Minorities

18% African American

10% Hispanic American

8% Asian American

3% Other

Salary & Benefits

Salary & Benefits

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

Average base salary:
$55,000 to $59,999

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

Base Salary Detail:

68% earn less than $35,000

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

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

1% earn $45,000 to $49,999

1% earn $50,000 to $54,999

0% 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

30% earn $75,000 and above

Bonuses, Overtime & Perks

25% received signing bonuses

Average signing bonus: $18,500

30% received performance bonuses in their first year

Average performance bonus, 2008: $367

Overtime Eligibility:

30% of 2008 entry-level hires eligible for overtime

70% of 2008 entry-level hires not eligible for overtime

Educational Benefits:

Reimburse employees for education expenses? No

Do employees become eligible immediately? NA

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: 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: 10

Maximum annual vacation days after five years: 15

Maximum annual vacation days after 10 years: 15

Annual paid holidays: 6

Annual paid floating holidays/religious observances: 2

Annual paid sick/personal days: 6

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? 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: 4.0%

Min. percentage of salary employee must set aside to receive max. employer match: 2.0%

The company match vests immediately. An additional match is based on company profits. Historically, the combined match totals $3 or more for every $1 the employee puts in.

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? No

Does company pay relocation expenses? Yes

Relocation expense limits? Varies by position

Other benefits include:

Employee Discounts

Transportation Benefits

Other

Other benefits offered are access to health plan options for part-time employees, an employee stock purchase program (ESPP), product service discounts, and a credit union.

Moving On Up

Work Environment

Average entry-level work week: 40 hours

Does average vary by business unit, department? Yes

96% work in open work stations

3% work in cubicles

0% work in shared offices

1% work in private offices

0% have no employer-supplied work space

Dress code includes:

Business Casual

Does the organization sponsor employee volunteer opportunities? Yes

Does organization have fitness facilities on site? Facilities not available

Although Walgreens does not have fitness facilities on site, the company does offer employee discounts with multiple fitness centers across the country.

Training Programs

Formal orientation program: Yes

Program length: 30 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: NA

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

Average length of this program: 52 weeks

Typical raise after completion: NA

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? No

Mentorship participation rate is NA

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

The Management Development program is for assistant managers working in the company's retail stores.

Getting Ahead

Three-year retention rate: 59%

Five-year retention rate: 57%

How are raises determined?

Individual Performance

Company Performance

Seniority

Job Classification

Allocation Pool

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

How are promotions determined?

Individual Performance

Seniority

Availability Of Openings

Business Needs

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

Evaluations

Is the frequency of evaluations more than once per year? No

Most important performance measures for entry-level hires:

1 Learning Ability

2 Technical Ability

3 Productivity/Efficiency

Min. tenure required for job change/transfer: 6 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: 109

Employees with VP or similar title who have 20+ years seniority: 72

Age of youngest employee with VP or similar title: 34

Seniority of youngest employee with VP or similar title: 17 years

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