m a generous 401(k) plan with 100 percent company match to health club memberships for some employees. Employees also praise the company's emphasis on training and the recognition of hard work. "People come first," gushes one employee. "As employees, we get every tool we need to do our work. Nortel encourages everyone to continue training and learning. Nortel is also a company that rewards employees who peform beyond expectations." Adds another insider, "Nortel has great training and training is taken very seriously. So your personal and professional development are quite assured." One former Bay Network employee waxes enthusiastic about the work itself: "I would say that [the company's] influence on the industry is on the upswing. You can really make an impact on the industry here." Good diversity Nortel gets high marks for its treatment of women and minorities, though few are represented in upper management. "Looking at the corporate officers will show a staff of mostly white men," observes an insider. "On the other hand, we do have 112 VAULT LIBRARY CAREER 2005 Vault Inc. Vault Guide to the Top Telecom Employers Nortel Networks Limited women and racial minorities quite well represented throughout the ranks." Reports one insider: "In R&D there are fewer women, but everyone is respected on equal grounds." However, notes that contact: "in finance and marketing, the ratio of men to women is about half and half." The company recently sponsored a Diversity Day, led by a senior VP. Employees were bused to the off-site event and were treated to "food, ethnic music and dance, and booths offering supporting information especially for women, minorities and gays. The keynote speaker was Coretta Scott King." Visit Vault at www.vault.com for insider company profiles, expert advice, career message boards, expert resume reviews, the Vault Job Board and more. VAULT CAREER LIBRARY QUALCOMM Incorporated 5775 Morehouse Drive THE STATS San Diego, CA 92121-1714 Phone: (858) 587-1121 Employer Type: Public Company Fax: (858) 658-2100