This report analyzes and compares CHESAPEAKE ENERGY's employee health insurance and employee benefits with its industry and in Oklahoma State.
Providing a smart employee benefits package is critical for attracting top talent and retaining valuable employees. Today, employee benefits play a vital role when candidates consider accepting a job offer.
Many companies offer today over-the-top perks, like yoga classes, haircuts, catered meals, and acupuncture. In this report, we focus however on traditional benefits. It's a work in progress that we will expand and update on a regular basis.
This report contains the following sections
Career benefits
CHESAPEAKE ENERGY has top-notch career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the CHESAPEAKE ENERGY. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: CHESAPEAKE ENERGY offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, CHESAPEAKE ENERGY makes sure that every single team member takes the full advantage of first-class career planning programs.
- COACHING AND MENTORING: CHESAPEAKE ENERGY believes that an outstanding coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: excellent development resources are what allows CHESAPEAKE ENERGY to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in excellent workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: CHESAPEAKE ENERGY has an extraordinary GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: CHESAPEAKE ENERGY does not offer leadership programs.
- ONBOARDING: CHESAPEAKE ENERGY is aware of the difficulties that new employees might experience when they join the team. That's why CHESAPEAKE ENERGY has a good Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: CHESAPEAKE ENERGY knows that dedicated team members are hard to come by so it has an exceptional Recognition program for those who stand out and continually contribute to CHESAPEAKE ENERGY.
- TUITION REIMBURSEMENT: CHESAPEAKE ENERGY does not offer tuition reimbursement.
Benefit | CHESAPEAKE ENERGY | Industry | Oklahoma |
|---|---|---|---|
| Career planning Benefits | |||
| Coaching and mentoring Benefits | |||
| Development resources Benefits | |||
| GED reimbursement Benefits | |||
| Leadership programs Benefits | |||
| Onboarding Benefits | |||
| Recognition programs Benefits | |||
| Tuition reimbursement Benefits |
Healthcare benefits
CHESAPEAKE ENERGY offers superb health benefits to its employees, of which some can be used by employee's family members. Besides an affordable healthcare insurance and a dental plan that includes recounstruction surgery, team members can enjoy CHESAPEAKE ENERGY's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: CHESAPEAKE ENERGY has an extraordinary counseling program for its employees and their family members. Team members are encouraged by CHESAPEAKE ENERGY to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This extraordinary counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: Team members at CHESAPEAKE ENERGY have a superior dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. CHESAPEAKE ENERGY partially pays for dentures and braces as well.
- HEALTH INSURANCE: CHESAPEAKE ENERGY provides an outstanding health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, CHESAPEAKE ENERGY offers valuable health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: CHESAPEAKE ENERGY offers an exceptional healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, CHESAPEAKE ENERGY has created a superior maternity support program to support its expecting team members.
- TELEHEALTH: CHESAPEAKE ENERGY does not offer telehealth.
- VISION PLAN: CHESAPEAKE ENERGY offers a good Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | CHESAPEAKE ENERGY | Industry | Oklahoma |
|---|---|---|---|
| Counseling Benefits | |||
| Dental Plan Benefits | |||
| Health Insurance Benefits | |||
| Health Plan Incentives Benefits | |||
| Healthcare Spending Accounts Benefits | |||
| Maternity support program Benefits | |||
| Telehealth Benefits | |||
| Vision Plan Benefits |
Financial benefits
Team members enjoy great financial benefits at CHESAPEAKE ENERGY. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. CHESAPEAKE ENERGY offers great life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect CHESAPEAKE ENERGY to partially cover the expenses.
- 401(K) PLAN: CHESAPEAKE ENERGY does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: CHESAPEAKE ENERGY has an exceptional Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: CHESAPEAKE ENERGY has a valuable bonus plan that takes into account the individual efforts of a certain team member, as well as the results that those efforts generated.
- CHILDCARE DISCOUNT: CHESAPEAKE ENERGY does not offer childcare discount.
- COMMUTER BENEFIT: CHESAPEAKE ENERGY acknowledges the fact that some team members have high commuting costs so it offers them superior commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: CHESAPEAKE ENERGY offers a remarkable daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
- DISABILITY: CHESAPEAKE ENERGY has an outstanding disability program available for eligible team members. Whether it's a short- term or a long-term disability, team members can rest assured that their financial status won't be compromised even when they are not working. Once the short-term disability coverage expires, employees have the option to enjoy long-term disability coverage.
- LIFE INSURANCE: CHESAPEAKE ENERGY has a superior life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
- PAID TIME OFF: CHESAPEAKE ENERGY wants for its team members to lead a happy and fulfilled life so it has a solid vacation policy for every employee. The number of paid vacation days depends on how long has a certain member been part of the team.
- PAID VOLUNTEER TIME OFF: CHESAPEAKE ENERGY does not offer paid volunteer time off.
- PARENTAL LEAVE: CHESAPEAKE ENERGY has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | CHESAPEAKE ENERGY | Industry | Oklahoma |
|---|---|---|---|
| 401(k) plan Benefits | |||
| Adoption assistance reimbursement Benefits | |||
| Bonus pay Benefits | |||
| Childcare discount Benefits | |||
| Commuter benefit Benefits | |||
| Daycare flexible spending account Benefits | |||
| Disability Benefits | |||
| Life insurance Benefits | |||
| Paid time off Benefits | |||
| Paid volunteer time off Benefits | |||
| Parental leave Benefits |
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