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Website: http://www.mattel.com Career Site With worldwide headquarters in El Segundo, CA, Mattel employs 30,000 people in 43 countries and sells products in more than 150 nations throughout the world. For 2007, net sales at the company were $5.97 billion, a 6 percent increase from last year. Net income was $600 million. Barbie sales were up 4 percent worldwide for the year. Mattel was named one of the Best Companies to Work For by Fortune magazine for 2008. History In 1945, Ruth and Elliot Handler and Harold
"Matt" Matson launch a new company named Mattel, out
of a garage Inspired by her daughter's fascination with cutout paper dolls, in 1959 Ruth Handler suggests making a three-dimensional doll through which little girls could play out their dreams. She names the doll "Barbie," after her own daughter Barbara's nickname. More than 350,000 Barbie dolls were sold in the first year and over one billion to date (including other versions). The Mattel company went public in 1960. In 1961, Mattel introduced the Ken doll, which would be Barbie's boyfriend. The doll is named Ken after the Handler's son. The company would introduce Hot Wheels die-cast cars in 1968, which quickly became very popular with kids. Mattel would merge with Fisher-Price in 1993, the world's number one brand in infant and preschool toys. Based in East Aurora, NY, Fisher-Price was founded in1930 and is recognized for designing and manufacturing high-quality, imaginative toys for children from infancy to age five, as well as innovative products that help parents care for children, such as highchairs, strollers, bouncer seats, and nursery monitors. Mattel would earn rights to distribute the line of Cabbage Patch dolls in 1995 and introduced the popular Tickle Me Elmo doll in 1996. Mattel would merge with Tyco Toys in 1997, then the third-largest toy maker in the country. In 1998, Mattel would acquire Pleasant Company, which owned the American Girl brand. Benefits Medical and Prescription Drugs - Depending on location, eligible employees may select medical coverage from a combination of a Preferred Provider Organization (PPO) and a traditional indemnity plan, or from a Health Maintenance Organization (HMO). Most plans include eligibility for vision care benefits and are available on the first day of employment. Dental - Mattel offers two dental plan options at most locations. Plans include coverage for preventative care, major restorative care, and orthodontia. Life Insurance - Mattel provides company-paid life insurance equal in the amount of two times the annual base salary. Mattel also provides the opportunity to purchase supplemental insurance at term rates. Accident Insurance - Mattel provides company-paid accidental death and dismemberment insurance in the amount of two times the annual base salary. Mattel also provides the opportunity to purchase supplemental insurance at group term rates. Business Travel Accident Insurance - Mattel provides its employees with insurance while traveling on company business. The maximum coverage amount is $1,000,000. Disability Plans - Mattel provides disability benefits to compensate employees during short-term or long-term disabilities. Retirement Plans - Mattel's generous retirement plan provides 100% vesting after only three years of service. Paid Time Off and Holidays - Employees enjoy generous holiday and vacation schedules. Specific schedules vary based on the business needs of each of our locations. Full-time employees are provided with 16 hours of paid time off per year to participate in school-related events. This time can be used to participate in events for their own children or to volunteer at school events not related to their own children. Product Discounts - All regular employees are eligible to receive discounts on all Mattel, Fisher-Price, and American Girl products. Products are available for purchase through our catalogues and onsite store locations. Resource and Referral - This service can assist with activities including child and elder care referral, adoption services, school and scholarship information, financial planning, and a wide range of other needs. Adoption Assistance - Mattel provides a financial assistance benefit to help defray the cost of adoption expenses. Mattel also makes available an information service that can assist with questions regarding the adoption process. Employee Assistance Program - Mattel's EAP provides confidential professional assistance to employees and their family members to help with personal problems such as difficulties in relationships, legal concerns, alcohol or drug dependencies, and depression, anxiety, or stress. Employee Stock Purchase Plan - Mattel provides the opportunity to become an "owner" of the Company through payroll deductions. Mattel pays for all administrative and stock purchase fees. Educational Assistance Program - Provides financial support for employees who wish to expand their capabilities and enhance job productivity. Financial assistance for undergraduate and graduate education is available. Matching Gift Program - The Matching Gift Program of the Mattel Children's Foundation encourages employees to give their personal financial support to higher education and to charities that improve the lives of children in need. Contributions by eligible employees to qualifying organizations will be matched dollar-for-dollar within specified limits. Updated February 16, 2008 |