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SAS Institute Company Profile

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SAS Institute

SAS Institute – Overview:

SAS Institute is a privately held software company headquartered in Cary, NC. The company name is pronounced “Sass” Institute. SAS Institute’s revenues for 2007 were over $2 Billion and they had over 10,000 employees in 2007.

SAS Institute Company History:

SAS was founded in 1976. SAS originally stood for Statistical Analysis Software, but the company has long since broadened their reach beyond statistical software programming. The SAS statistical software remains an industry leader and is used by pharmaceutical companies for submission of clinical trials information to the FDA. The software is also used extensively in the insurance industry and public health agencies. More recent software packages have focused more in the areas of customer relationship management, data management and enterprise business intelligence.

Company Culture at SAS Institute:

Investing in the company, the community and the employees is the underlying theme for SAS Institute’s culture. There is a strong focus on research and development within the company. In 2007, 21% of the $2 Billion plus in annual revenues the company earned was reinvested in R&D – twice the average for the industry. The company believes that “this commitment to innovation is one reason why 98 percent of our customers renew their software licenses with SAS every year.” In addition, the company believe that investing in their employees makes them more profitable and successful, due to a lack of turnover.

Compensation Information for SAS Institute

SAS Institute is known to be a well paying company, with competitive base salaries, profit sharing and bonuses. In addition, though, there is a strong promotion of work-life balance. It sounds like a fun place to work, too! Some of the programs that the company offers include company fun events like “Free Fruit Mondays", "M&M Wednesdays", and "Free Breakfast Fridays". The company also provides soda fountains and snacks in every break room, and there are family oriented parties held throughout the year. In addition to the normal employee benefits, SAS Institute offers on-site childcare centers, an eldercare information and referral program, an employee health care center, wellness programs, a 58,000 square foot recreation and fitness center, and lots of other work-life programs. CBS' 60 Minutes did a segment on the employee benefits of SAS and titled it "The Royal Treatment."

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