L'Oreal S.A.

Cosmetics and Personal Care

VAULT RANKINGS 2010

#17 Vault Consumer Products 50

GENERAL INFO

Headquarters: Clichy, France
63 offices
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THE BUZZ…

"Above average drugstore cosmetics"
"Very Innovative"
"Lower salaries"
"Very political"

NEWS AND UPDATES

Vault's Scoop

Uppers

Stable company
Free make-up
Half-days on summer Fridays

Downers

Long hours in some departments
Office politics

ABOUT THIS COMPANY:

Forty-four ways to say "red"

L'Oreal is the world leader in cosmetics, bringing a rosy glow to faces across the globe. With 25 global brands in four product divisions priced to suit every pocketbook, L'Oreal boasts a compelling market presence in 130 countries. L'Oreal is the only cosmetics company available in every distribution channel; this means that mass-market retailers, hair salons, department stores, pharmacies and mail-order channels all carry L'Oreal brands. In 2007, 45 percent of L'Oreal products were sold in Western Europe; 25 percent were purchased by North Americans and 29 percent were sold in other parts of the world. In order to keep new lipsticks, glosses, liners, balms and all the rest forthcoming, more than 3,000 people work in research and development centers. As a pioneer in the ever-expanding science of looking good, the industrious company filed 576 patents in 2007.

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SALARIES

L'Oreal S.A. salary & compensation reviews include all signing and year-end bonuses, vacation time and other perks and reimbursements that make up total compensation.

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SURVEY SAYS

The other side of glamour

Company culture is unique, to say the least. "It's not glamorous like you'd think," observes one insider. Sources describe L'Oreal as "extremely French" and "political." "The company suffers from high turnover and miserable employees," adds a co-worker. Another source comments, "Imagine a mix of The Office with The Devil Wears Prada. You either learn to love it or hate it and there is no in between. Most people leave within 1 to 3 years." A compatriot says, "There are a lot of divas in the company, so you have to be able to handle that type of personality and work with it." One source in the UK mentions that the firm "has a very young and diverse atmosphere." There are some upsides, though -- one hire notes that "In all fairness, the company does have good benefits (including free products, half-day Fridays in the summer, good vacations)."

DISCUSSIONS

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Getting Hired

Tips from the inside

Get ready for your close-up

L'Oreal's chic careers site (www.loreal.jobs) is filled with information for potential employees. There, you can read profiles of those who currently work at L'Oreal for some firsthand insight. Jobs are organized by the following departments: marketing, research, engineering, finance and operations, sales, communications and HR. L'Oreal USA has its own careers site (www.lorealusa.com, then click on Careers) that focuses on, of course, U.S. jobs. The site details myriad internship positions offered for summering undergrads in the marketing, sales, finance, IT, logistics, manufacturing, and research and development departments. Additionally, L'Oreal's annual Brandstorm contest lets undergrads from around the world flex their marketing muscle while working with real live marketing executives.

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Company Initiatives

Leadership Development Programs

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