Vault Releases New Employee Surveys on Xerox

Business Wire, Dec 2, 2004

NEW YORK -- New York research firm Vault (web site at Vault.com) has just published new employee surveys on office equipment giant Xerox (NYSE: XRX) - providing "insider" information on corporate culture, compensation and hiring practices at the company.

To see surveys excerpts, click here: http://www.vault.com/go/to.jsp?place=31837

Vault's employee surveys are designed to give investors and jobseekers insight into Xerox - and for job seekers, the edge in this tough recruiting climate.

Says a software engineer, "Xerox places a high emphasis on diversity and rewarding executive management. It does not reward initiative or risk taking, runs much like the government. Scott Adams could get a decade worth of material out of some of the corporate initiatives. Much of the engineering to corporate relationship feels distrust for Xerox executive management after a significant number of business decisions by poor executive management at HQ in Rochester. The running joke in the cafeteria between engineers is that if you by spot me for my coffee then 'you can have my profit share'."

As for compensation, a former systems engineer adds, "When I was laid off, I was on a 90/10 split with a budget for consulting services. My base was $65,000 with bonuses and stock options. I received bonuses if I exceeded my budget for the month and if my budget was exceeded by a certain percentage for the year. In my tenth year there, they stopped all profit sharing and if budgets were exceeded, we were given stock options."

To see more excerpts from the surveys, click here: http://www.vault.com/go/to.jsp?place=31837

To fill out a survey on Xerox (or another public company), click here: http://www.vault.com/go/to.jsp?place=31317

Neither Vault nor its employee surveys are endorsed by or affiliated with Xerox.

ABOUT VAULT Inc:

Vault, Inc. is the leading media company focused on careers. Vault's primary offering is its web site, www.vault.com, which features "insider" workplace information on over 5,000 companies, expert career articles on more than 70 industries, and an industry-focused job board. Offline, Vault offers the Vault Career Library, a series of more than 100 nationally distributed career-focused print books.