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ERIC Number: ED394032
Record Type: Non-Journal
Publication Date: 1991-Mar
Pages: 34
Abstractor: N/A
Reference Count: N/A
Workforce Issues. Employment Practices in Selected Large Private Companies. Report to Congressional Committees.
General Accounting Office, Washington, DC. General Government Div.
The General Accounting Office examined employment practices in 130 selected large private U.S. companies with at least 100 workers in each of 10 or more employment locations and at least 25,000 employees. Of the 130 companies surveyed, 83 (64%) returned usable responses. The respondents reported using a wide range of employment practices for officials and managers but relied heavily on campus recruitment for professionals. The following factors were considered most important when hiring entry-level staff: personal interviews, work experience, and grade-point average. Nearly all respondents included 11 of 21 possible benefit programs in their employee compensation packages; however, opinions regarding the relative importance of those 11 programs varied widely. Health insurance, retirement, and 401(k) savings plan were considered the most important benefits for employees. Sixty-six of the 83 respondents said their objective was to pay at or above the average wages offered by other employers, and 21 of those companies adjusted their pay schedules annually. More than 80 percent of companies had planned programs to reimburse prospective employees' interview expenses, cultivate ties with schools, and provide employee assistance programs. (Appended are the following: a survey instrument; a list of companies surveyed; a list of major contributors to the report.) (MN)
U.S. General Accounting Office, P.O. Box 6015, Gaithersburg, MD 20884-6015 (first copy free; additional copies $2 each; 100 or more: 25% discount).
Publication Type: Reports - Evaluative; Numerical/Quantitative Data
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: General Accounting Office, Washington, DC. General Government Div.