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Making an imprint Ingersoll-Rand, one of the world's leading manufacturers of industrial machinery and air-compression systems, has its name etched in history: its rock drills and air compressors were used to carve the presidential visages in Mount Rushmore during the 1920s. Simon Ingersoll invented the steam-driven rock drill in New York City in 1871; shortly thereafter Jose Francisco de Navarro bought the patents and organized the Ingersoll Rock Drill Company, which merged with rival Rand Drill in 1905. The company introduced new products in the 1980s like small air compressors and water jet systems able to cut steel and concrete, and in 1986 entered into a partnership with manufacturing giant Dresser Industries. A recent series of acquisitions has helped the company to expand its core business in the highly-competitive construction and manufacturing machinery market. Much of Ingersoll-Rand's business is based around making the machines that make our world: the company makes the assembly lines that are used to produce the cars we drive; IR's drills help clear the way for airports and other construction products. Its products have helped build world landmarks like the Panama Canal and the Hoover Dam. More than drilling Today, Ingersoll-Rand does a lot more than make the machines that make our world. Its products range from golf carts to temperature control systems to power-operated doors. Some of the company's products, such as Club Car golf cars and Thermo King transport temperature control systems, are leading brand names. The company has built successful global operations around its diversified products. Ingersoll-Rand draws about 40 percent of its revenue from outside the U.S. Agressive new leader Late in 1999, the company announced the resignation of CEO James Perrella and the promotion of Herbert Henkel to the position. Henkel has grandiose plans for expanding Ingersoll Rand, including $1 billion in acquisitions in 2000. Apparently even that amount was not enough in hindsight, as in May 2000, Ingersoll acquired Hussman International for $1.55 billion. This comes on the heels of the purchase of Sambron S.A., a French company, and 70 percent of Zexel Cold Systems. To help fund these ventures, Ingersoll has sold stake in three of its investments, and has closed a plant in Virginia. Henkel also has seen the development of ingersoll-rand.com into an e-commerce web site.
Ingersoll-Rand conducts extensive college recruiting nationwide and offers a plethora of training programs for recent college graduates, including financial management, manufacturing management, engineering management and sales development programs. Applicants should consult the company's employment web page, located at www.ingersoll-rand.com, for a comprehensive list of these programs. The company's site also allows job seekers to search for job openings, and provides position descriptions and contact information. Ingersoll-Rand accepts resumes by both fax and regular mail.
We make lots of stuff The first thing to know about Ingersoll-Rand is that it is a "very diverse" company, with products ranging from small architectural hardware to enormous construction and mining equipment, golf carts, you name it." Accordingly, the corporate culture varies by division and department. However, all sectors of the company "reward on-the-job performance quickly" and offer new employees "almost immediate chances to move up the ladder." As one longtime employee explains: "The culture is serious and professional. The company hires and promotes top talent, and the pay and bonus opportunities are well above average." Can be bureaucratic Employees comment that the corporate bureaucracy at Ingersoll-Rand may be "tightly structured." Says one insider: "The culture is a little too hierarchical for my tastes, but you adapt." But some contacts say the company "responds to the needs of the company much better than organizations of comparable size." Other insiders describe a historically stiff company that is evolving. Says one longtime employee: "The corporate culture here is hard to describe because it is ever-changing. The culture is less rigid than in the past." Looser dress; not bad hours Part of the change in corporate culture has been a loosening of dress. "The dress code for years was that all males had to wear dress shirts and ties," reports one contact in the Midwest. "For the last three years, we have converted to a golf shirt and khaki culture." Says another insider in Detroit: "We have a business casual dress code." However, a contact in Kentucky reports that "dress code is business dress from Monday to Thursday and casual on Fridays." Ingersoll-Rand employees aren't killing themselves, but they do put the hours in. Reports one contact: "Work hours are 9 to 10 hours a day to get anything done; an occasional weekend day to get caught up." Says another: "It's an 8 to 5 culture with OT when special projects pop up." One of the perks that employees with IR receive is that they "can keep or sell days off." When employees sell these days off, they are "applied against our out-of-pocket monthly expense." Also, the company offers a "contributory 401(k) plan that supplements a rather poor pension plan." There are also "flex benefits" which allow employees to pick from five different health plans. Calculates one insider: "Benefits are comparable to the industry average." No problems with diversity Says one African-American insider: "I can tell you that if I've been discriminated against, I haven't noticed. There have been a few very minor incidents, but given the fact that there are jerks everywhere, that's to be expected." Reports another insider: "Minorities have no problems working here." Above average satisfaction In general, insiders are pretty pleased with Ingersoll-Rand. "It is a good company, but not without its share of problems," says one insider. Another is more enthusiastic. "I'm here until I'm fired or retired," says that contact. "You could do a lot worse than IR."
University Recruiting Manager Ingersoll-Rand Company1 200 Chestnut Ridge Road Woodcliff Lake NJ 07675 (201) 573-3168
Air Compressors;Air Motors;Air Tools;Asphalt Compactors;Industrial pumps; Construction equipment;Paving equipment;Spray-coating systems;Golf carts More Company Profiles For more career information, go to Vault.com ©2000, Vault.com Inc
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