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Xerox Ranks Among Best Places to Work in Technology

Press release from the issuing company

STAMFORD, Conn.--May 16, 2002--Xerox Corporation has been named as one of the top 100 IT workplaces in the United States, according to IDG's Computerworld annual "Best Places to Work in Information Technology" survey. Computerworld's annual ranking recognizes the best work environments in the U.S. for IT workers based on measuring attributes such as benefits, training, career development, retention, and the percentage of women and minority employees on the staff and in IT management positions. This is the sixth year Xerox has been named to the list. Xerox was also No. 14 on the publication's Historical Top 100 U.S. Companies list - issued for the first time this year - which is based on the number of times a company appeared on the Best Places to Work list and then by its ranking in those years. "The companies selected to our Best Places to Work rankings really understand that it takes more than salary increases to keep technology workers satisfied," said Maryfran Johnson, editor in chief of Computerworld. "These organizations offer a chance to pitch in on challenging, rewarding projects. They create opportunities for career advancement. They provide a balanced set of benefits. In short, the best employers build a positive environment that keeps their best IT employees." Xerox has long offered a broad range of work/life benefits to its employees such as flex time, subsidized child care, on-site fitness facilities, eldercare services and telecommuting. In addition, the company offers benefits such as tuition reimbursement and continuing education programs, as well as innovative programs such as first-time homebuyer's assistance and adoption assistance of up to $3,000 per child. Xerox Information Management has global responsibility for the advanced computing and telecommunications products, programs and development that underpin Xerox's internal business processes, as well as for managing one of the world's largest IT outsourcing contracts, providing many paths for career development. Over the past two years the group also has implemented a worldwide IT business model, called Cost Leadership, which has so far reduced total IT costs by more than 30 percent and is expected to deliver further productivity benefits in 2002 and beyond. "Our IT professionals have long demonstrated exceptional motivation and commitment, and their ability to help Xerox achieve its cost-reduction goals while continuing to build strong systems for the future further highlights their talent," said Patricia Cusick, Xerox chief information officer. In addition to the Computerworld list, Xerox recently was named to Fortune's "America's 50 Best Companies for Minorities"; recognized as an "Employer of Choice" by the Minority Corporate Counsel Association; and honored for dedication to the employment of people with disabilities by the National Business and Disability Council.