Kohl's 2001 Annual Report Download - page 12

Our Associates have truly made Kohl’s the success it is
today. Because they are the power behind our growth,
the training, development and retention of talented
Associates is a major focus across the company.
Recruiting and Training
In our hiring process, we seek Associates at all levels who
will thrive within our culture. In 2001, we created a
centralized store recruitment group to recruit talented
individuals from outside Kohl’s and to manage the
growth of internal promotions.
Our college recruitment initiative is also growing. This
summer, the program will include nearly 180 interns
from college campuses across the U.S. Internships, in turn,
feed our management training programs. In 2002, our
store and corporate programs will increase to well over
200 trainees. Over 50% of these positions will be filled
from internally promoted Associates.
Computer-based training (CBT) ensures that Associates
across our entire chain receive consistent, high-quality
instruction in Kohl’s best practices. With CBT, we can
deliver training to more than 50,000 Associates around
the country with speed and accuracy. Our management
Associates have over 33 hours of CBT training available.
Expansion Provides Opportunities
Our fast-paced expansion provides excellent growth
opportunities for Associates. Managers participate in a
leadership development program, and succession planning
processes identify top performers and focus on their
continuing growth. In 2001, we introduced an updated
performance appraisal process that better assesses the
talents of our Associates today so that we can prepare
them for a successful career with Kohl’s in the future.
Associates Share in Kohl’s Success
When Kohl’s went public in 1992, we established an
Employee Stock Ownership Plan (ESOP) for
Associates with an initial contribution of $1 million.
Today, through a combination of added contributions
and stock price appreciation, the ESOP is worth almost
$104 million, giving Kohl’s Associates a significant
stake in our financial success.
Kohl’s is committed to our Associates and our
Associates are committed to Kohl’s. Our number of
Associates has grown from 12,000 in 1992 to nearly
60,000 today. From our stores to our distribution centers
and corporate office, we are proud of all of our
Associates and recognize their many contributions
to our success.
0101009998979695949392
19.6%
CAGR*
12,000 1 4 ,900 17,6 0 0
21,200
25,500
32,200 33,800
43,000
54,000
59,90 0
Number of Associat es
* Co mpo unded annual growth rate.
Ko hl’s recruits at majo r c o llege
campuses ac ro ss the co untry.
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