This report analyzes and compares WHITING PETROLEUM CORPORATION's employee health insurance and employee benefits with its industry and in Colorado 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
WHITING PETROLEUM CORPORATION offers valuable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. WHITING PETROLEUM CORPORATION believes that every employee has a valuable set of skills so it helps them plan their careers with valuable developmental resources and mentorships.
- CAREER PLANNING: WHITING PETROLEUM CORPORATION believes that career planning of each employee is a key to a successful business and offers suitable opportunities so that the employees can reach their full potential. WHITING PETROLEUM CORPORATION has suitable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: WHITING PETROLEUM CORPORATION offers first-class coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: WHITING PETROLEUM CORPORATION encourages its team members to work on their existing skills and gain new ones continually. By providing solid development resources, WHITING PETROLEUM CORPORATION supports their team members on their journey to perfection. Employees have a wide range of solid resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: WHITING PETROLEUM CORPORATION has a great GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: WHITING PETROLEUM CORPORATION offers a wide variety of top-notch courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by WHITING PETROLEUM CORPORATION to grow as leaders and learn how to make tough calls.
- ONBOARDING: WHITING PETROLEUM CORPORATION offers a top-notch Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, WHITING PETROLEUM CORPORATION implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: WHITING PETROLEUM CORPORATION does not offer tuition reimbursement.
Benefit | WHITING PETROLEUM CORPORATION | Industry | Colorado |
|---|---|---|---|
| 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
WHITING PETROLEUM CORPORATION offers top-notch 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 WHITING PETROLEUM CORPORATION's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: WHITING PETROLEUM CORPORATION is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why WHITING PETROLEUM CORPORATION implemented a suitable counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This suitable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: WHITING PETROLEUM CORPORATION offers a suitable dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
- HEALTH INSURANCE: WHITING PETROLEUM CORPORATION offers a great health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: WHITING PETROLEUM CORPORATION offers its team members remarkable health plan incentives. Team members are encouraged to take a proactive approach to their health and take care of their BMI, sugar and fat in their blood, and other biometrics. WHITING PETROLEUM CORPORATION provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: WHITING PETROLEUM CORPORATION has a superior healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: WHITING PETROLEUM CORPORATION has a suitable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: WHITING PETROLEUM CORPORATION has an extraordinary telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: WHITING PETROLEUM CORPORATION 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 | WHITING PETROLEUM CORPORATION | Industry | Colorado |
|---|---|---|---|
| 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
WHITING PETROLEUM CORPORATION offers superb financial benefits for employees and their family members. A superb 401(k) plan makes sure that employees have a secure retirement, while a generous, fully paid parental leave allows expecting mothers and fathers to enjoy their child's first year. Along with paid vacations, employees can enjoy fully paid commuting as well.
- 401(K) PLAN: WHITING PETROLEUM CORPORATION does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: WHITING PETROLEUM CORPORATION has a top-notch Adoption Assistance Reimbursement program in place for employees who are planning to adopt a child. Most of the adoption fees are eligible to be reimbursed by WHITING PETROLEUM CORPORATION.
- BONUS PAY: WHITING PETROLEUM CORPORATION has a great 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: WHITING PETROLEUM CORPORATION offers a good discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: WHITING PETROLEUM CORPORATION offers exceptional commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: WHITING PETROLEUM CORPORATION offers an extraordinary daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: WHITING PETROLEUM CORPORATION has a suitable disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a suitable coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: WHITING PETROLEUM CORPORATION offers a solid life insurance policy to its team members for an affordable price. WHITING PETROLEUM CORPORATION participates with 50% of the costs of the policy which makes it enticing for employees to buy it. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.
- PAID TIME OFF: WHITING PETROLEUM CORPORATION has an extraordinary vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
- PAID VOLUNTEER TIME OFF: WHITING PETROLEUM CORPORATION recognizes the importance of giving back to the community so it offers a valuable volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by WHITING PETROLEUM CORPORATION, on volunteer work of their choice.
- PARENTAL LEAVE: WHITING PETROLEUM CORPORATION has a great parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | WHITING PETROLEUM CORPORATION | Industry | Colorado |
|---|---|---|---|
| 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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