The Vanguard Group Inc.
Valley Forge, Pa.
Number of Employees: 9742
Number of IT Employees: 2749
IT Employee Promotions in 2003: 7 percent
IT Employee Turnover in 2003: 4 percent
Percentage of women IT managers: 29 percent
Percentage of minority IT managers: 8 percent
Percentage of women IT staff: 32 percent
Percentage of minority IT staff: 30 percent
Training days offered per IT employee in 2003: 7
Training budget per IT employee in 2003*: US$3090
Founded in 1975, the No. 2 fund manager in the U.S. offers individual and institutional investors a line of mutual funds and brokerage services and has more than $725 billion of assets under management. Its Vanguard 500 Index Fund is one of the largest in the U.S. The company has had no layoffs in its history. Training and challenging job experiences provide hands-on learning opportunities. Custom development projects, completed in-house, make up 70 percent of the company's development budget. IT workers can attend Vanguard University, an internal program with more than 300 classes. The company's profit-sharing arrangement provides workers with a share allocation based on length of service, job level and hire date.