To be a great place to work, we must be a great business. This means having an innovative work culture, developing and empowering our talented and diverse workforce, and focusing on operational excellence, safety and value maximization for our shareholders.
A Performance-Based Culture
Even when commodity prices are low, maintaining a competitive compensation and benefits program is important to Chesapeake and critical to being a leading company in our peer group.
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 consistent employee titling and 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.