National Instruments Named One of BusinessWeek’s ‘Best Places to Launch a Career’

  • September 19, 2006
  • National Instruments Corporation
  • News
NEWS RELEASE – Sept. 19, 2006 – BusinessWeek magazine has ranked Austin-based National Instruments No. 14 among its top 50 employers for new college graduates. The inaugural “Best Places to Launch a Career” ranking incorporates input from leading university career services directors and more than 37,000 undergraduate students, with information on companies’ pay and benefits, corporate culture and training opportunities. BusinessWeek cited the ongoing National Instruments commitment to training opportunities as a key factor propelling NI to the top of the list, which includes some of the world’s largest and most successful companies.“I started the company 30 years ago with the goal of not only building a career for myself but also creating a growth-oriented company and culture that would attract talented employees,” said Dr. James Truchard, NI president, cofounder and CEO. “I am pleased that so many employees have built successful careers with National Instruments and have in turn used their knowledge and experience to help new employees grow and thrive at NI.”Through a variety of career development and training programs, such as the Engineering Leadership Program (ELP), new NI employees can address challenges creatively, shape the company’s products and choose the direction of their careers. ELP engineers work extensively with every department in NI over a two-year development period. Upon completion of the program, they are free to pursue technical sales, marketing and research and development assignments and are encouraged to apply for leadership positions. The program is part of a long-standing commitment to new graduates. Since the company’s beginning, recent graduates have constituted more than 80 percent of new NI engineering hires, the vast majority of which stay with NI long term. While BusinessWeek reports that employers in its top 50 ranking lose – on average – a third of their new hires within three years, NI has a three-year retention rate of 85 percent among all employees and a five-year retention rate of 77 percent.In addition to its superior training environment, NI has long been recognized for its unique corporate culture. Team members can collaborate on community service projects or celebrate a recent success with a team match on the company’s on-site sand volleyball courts. NI consistently challenges its employees, from new graduates to tenured staff, with new projects, new technologies and new ways of doing business, and all employees share a passion for ensuring customer success. This work atmosphere and the company’s commitment to its employees and customers have also contributed to NI being recognized by FORTUNE magazine as one of the “100 Best Companies to Work For” seven years in a row.BusinessWeek identified ideal companies for new graduates using a three-part process. First, it asked more than 100 career services directors to identify the best organizations for young people to launch a career. BusinessWeek then gathered information from the nominated organizations to determine which led their industries in recruitment, training and mentorship, salary, retention and other factors important to new graduates. Finally, it included data from a recent survey that asked undergraduates to identify companies for which they would most like to work. About National InstrumentsFor 30 years, National Instruments has been a technology pioneer and leader in virtual instrumentation – a revolutionary concept that has changed the way engineers and scientists in industry, government and academia approach measurement and automation. Leveraging PCs and commercial technologies, virtual instrumentation increases productivity and lowers costs for test, control and design applications through easy-to-integrate software, such as NI LabVIEW, and modular measurement and control hardware for PXI, PCI, PCI Express, PXI Express, USB and Ethernet. Headquartered in Austin, Texas, NI has 4,000 employees and direct operations in nearly 40 countries. For the past seven years, FORTUNE magazine has named NI one of the 100 best companies to work for in America. Learn More

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