Applicants & New Hires

Recruited on 30 undergrad campuses in 2008-09.
Made job offers on 30 undergrad campuses.

Applicants for entry-level jobs

2009: 715 (to date)

2008: 1,528

2007: 1,301

Entry-level hiring

Is your entry-level hiring complete for 2009? No

New hires in:

2009: 229 (to date)

2008: 486

2007: 115

Entry-level hires who were undergrad interns

2009: 15% (to date)

2008: 39%

2007: 41%

Most important characteristics for new hires:

1 Leadership Skills

2 Analytical Skills

3 Communication Skills

Most former interns will start July-September. The estimate for all of 2009 is 45%.

2008 entry-level hires came from the following majors:

60% Business and Economics

1% Computer Science

2% Engineering

35% Liberal Arts

0% Math

0% Science

0% Pre-Law/Criminal Justice

0% Hospitality/Hotel & Restaurant Management

0% Design

0% Undeclared

2% Other

...and are:

45% Female

33% 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:
$45,000 to $49,999

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

2% earn $40,000 to $44,999

82% earn $45,000 to $49,999

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

0% earn $55,000 to $59,999

6% 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

6% received signing bonuses

Average signing bonus: $7,500

0% received performance bonuses in their first year

Average performance bonus, 2008: NA

Overtime Eligibility:

38% of 2008 entry-level hires eligible for overtime

62% 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: NA

Annual paid sick/personal days: 4

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: 0.0%

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

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?

Other benefits include:

Employee Discounts

Transportation Benefits

Concierge Services

Other

The company pays for up to 20 weeks short-term disability and term life insurance. Salaried associates have the ability to purchase up to an additional 10 days of vacation and full time hourly associates can take an additional 10 days in unpaid time. Other benefits include adoption assistance, employee assistance Program (addiction, mental health, etc.), and a 5% discount Stock Purchase Program.

Work Environment

Average entry-level work week: 45 hours

Does average vary by business unit, department? Yes

0% work in open work stations

30% work in cubicles

0% work in shared offices

0% work in private offices

70% 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? Some locations

Training Programs

Formal orientation program: Yes

Program length: 1 days

Orientation includes the following:

Guest Speakers

Tour of Facilities

Benefits Overview

Company Overview

Ethics, mission, culture, and values

Policies And Procedures

Average spent on training, per new hire, in 2008: $1,000

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

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:
Yes - Retail Management Development Program

Average length of this program: 24 weeks

Typical raise after completion: No raise

Formal mentorship programs for entry-level hires? Yes

Mentorship participation rate is 6%

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

The Business Analyst Program is a 2 year program that includes optional rotations throughout the company with a majority rotating into 3 different roles. The program includes rigorous on-boarding weekly cohort meetings which includes executive speakers and development training. A program manager supports career development, coordinates rotation options and organizes the cohort activities.

Getting Ahead

Three-year retention rate: NA

Five-year retention rate: NA

How are raises determined?

Individual Performance

Company Performance

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

How are promotions determined?

Individual Performance

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? Yes

Most important performance measures for entry-level hires:

1 Leadership Ability

2 Analytical Skills

3 Team Player

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: 180

Employees with VP or similar title who have 20+ years seniority: 32

Age of youngest employee with VP or similar title: 32

Seniority of youngest employee with VP or similar title: 0 years

This VP has been at the company since 5/18/09.