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EMC

Headquarters: 176 South Street
Hopkinton, MA 01748
Employees: 60,000
CEO: Joseph Tucci
Stock Symbol: EMC

Website: http://www.emc.com

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EMC is one of the largest and most successful technology companies in Massachusetts. It is the world's leading company for helping businesses store vital information and data. EMC offers systems, software and solutions for information storage and management.

EMC customers include banks and other financial services firms, manufacturers, healthcare and life sciences organizations, Internet service and telecommunications providers, airlines and transportation companies, educational institutions, and public-sector agencies. EMC also provides technology, products, and services to consumers in more than 100 countries.

EMC was founded in 1979 by Richard Egan and Roger Marino in Newton, MA.

In 2012, EMC reported record revenues of $21.7 billion, an increase of 9%. Net income for the year was $2.73 billion.

EMC has acquired over 70 technology companies since 2003 and spent $17 billion on acquisitions.

Benefits Offered

- Medical insurance - HMO and PPO options
- Prescription drug coverage - Pharmacy and mail-order coverage through Medco
- Vision benefits - Coverage for both eye exams and eyeware for a co-payment
- Dental insurance - Delta Dental
- Healthcare Spending Account - Up to $5,000 per year and for dependents
- Life insurance
- Accidental death and dismemberment insurance
- Business travel accident insurance

-401(k) retirement and savings plan - EMC matches contributions up to 3% of eligible quarterly compensation, with an additional profitability match of 1% to 3% depending upon company performance-to a maximum match of $750 combined per quarter.

- Employee Stock Purchase Plan - 85% of the stock price
- Tuition assistance plan - Up to $5,250 per year

EMC offers a flexible employee time-off policy which includes vacation, holiday, and personal/sick time. The table below outlines the total days per year.

EMC
Service
Vacation Holiday Personal/
Sick
Total
Days
Accrual Core  Floating
< 5 Years 10

8

3

5

26
5-10 Years 15

8

3

5

31
10+ Years 20

8

3

5

36

In addition to the eight core holidays, three floating holidays may be selected with management approval in advance.

After one year of service with EMC, new employees with at least 10 years of job-related experience as of their date of hire (as determined by the hiring and employment manager) may be eligible to accrue an additional five days vacation each year, for a total of 15 days per year. From the fifth to the tenth year the total accrual rate remains at 15 days per year regardless of prior experience.

Updated November 5, 2013

 

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