Chesapeake employees are driven to generate the most value for our company, and our One Chesapeake culture encourages us to perform our best every day. We value the unique opinions and contributions of each of our employees and believe our innovative culture gives us strength and a competitive edge to accomplish our goals.
Shaping a Strong Company Culture
In 2013, Chesapeake began a transformation across all areas of our company. This transformation impacted our work culture immediately, emphasizing responsibility to both our stakeholders and our shareholders. From significantly improving our environmental stewardship to creating a solid balance sheet for our financial performance, we have made tremendous progress.
True to our core value of change leadership, we know we have more work to do. That’s why in 2017 we launched a culture shaping process to help build employee ownership while improving individual and company performance.
As a first step in this process, more than 85% of employees participated in an employee culture survey that measured our strengths and areas where we could improve. Understanding where we stood as an organization was important to shaping a strong culture that drives performance forward.
Following the survey, employees participated in culture shaping sessions that focused on ways we can improve collaboration, communication and accountability to better accomplish the goals defined by our business strategies.
People Focused. Performance Driven.
A key theme of our culture shaping sessions is employee appreciation. While appreciation manifests itself in a number of ways within a successful work culture, one tangible way to express appreciation is through a competitive compensation and benefits program.
Central to our compensation system is Performance Plus, a program that aligns employee compensation and individual performance with company performance, making each employee responsible for Chesapeake’s growth and success. Through the program, employees set individual annual goals that support the company’s overall objectives, and those employees who meet or exceed their goals are eligible for higher bonus payouts.
Performance Plus, coupled with an industry-defined salary structure, creates greater transparency among employees about how their performance impacts their total compensation. Not only does this instill a sense of fairness across the organization, but we are also able to accurately reward our top performers.
Beyond compensation, Chesapeake offers a
competitive benefits program. We review our benefit offerings at least annually to maintain our competitiveness for both employee retention and recruiting.