This report analyzes and compares DEVON ENERGY CORPORATION's employee health insurance and employee benefits with its industry and in Oregon 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
DEVON ENERGY CORPORATION offers suitable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. DEVON ENERGY CORPORATION believes that every employee has a valuable set of skills so it helps them plan their careers with suitable developmental resources and mentorships.
- CAREER PLANNING: DEVON ENERGY CORPORATION continually evaluates its team members to determine the potential and direction of employees' careers. The extraordinary tools that DEVON ENERGY CORPORATION uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: DEVON ENERGY CORPORATION 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: DEVON ENERGY CORPORATION encourages its team members to work on their existing skills and gain new ones continually. By providing suitable development resources, DEVON ENERGY CORPORATION supports their team members on their journey to perfection. Employees have a wide range of suitable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: DEVON ENERGY CORPORATION does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: DEVON ENERGY CORPORATION does not offer leadership programs.
- ONBOARDING: DEVON ENERGY CORPORATION is aware of the difficulties that new employees might experience when they join the team. That's why DEVON ENERGY CORPORATION has a suitable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: DEVON ENERGY CORPORATION knows that dedicated team members are hard to come by so it has an outstanding Recognition program for those who stand out and continually contribute to DEVON ENERGY CORPORATION.
- TUITION REIMBURSEMENT: DEVON ENERGY CORPORATION does not offer tuition reimbursement.
Benefit | DEVON ENERGY CORPORATION | Industry | Oregon |
|---|---|---|---|
| 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
DEVON ENERGY 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 DEVON ENERGY CORPORATION's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: DEVON ENERGY CORPORATION wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its remarkable counseling program enables the team members to talk with experts 24/7. Employees can receive practical fitness and nutritional tips, talk about their problems, and learn effective techniques for dealing with stress and anxiety. Team members can count on confidentiality at all times.
- DENTAL PLAN: DEVON ENERGY CORPORATION offers a great 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: DEVON ENERGY CORPORATION provides an extraordinary health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: DEVON ENERGY CORPORATION is aware of the fact that a healthy employee is a productive employee so it offers impressive health plan incentives for its team members. Some of the perks are lowered premium rates, individual consultations with nutritionists and physicians, and regular checkups.
- HEALTHCARE SPENDING ACCOUNTS: DEVON ENERGY CORPORATION has a first-class 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: Aware of the challenges that come with pregnancy, DEVON ENERGY CORPORATION has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: DEVON ENERGY CORPORATION has a good telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. DEVON ENERGY CORPORATION can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: DEVON ENERGY CORPORATION has an extraordinary Vision Plan for its team members who can count on coverage of a wide variety eye exams and procedures, as well as vision-related medical devices.
Benefit | DEVON ENERGY CORPORATION | Industry | Oregon |
|---|---|---|---|
| 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 valuable financial benefits at DEVON ENERGY CORPORATION. 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. DEVON ENERGY CORPORATION offers valuable life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect DEVON ENERGY CORPORATION to partially cover the expenses.
- 401(K) PLAN: DEVON ENERGY CORPORATION does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: DEVON ENERGY CORPORATION has a solid Adoption Assistance Reimbursement program that pays certain fees associated with the adoption process. With this program, the employees can rest assure that at least some of the costs will be covered.
- BONUS PAY: DEVON ENERGY CORPORATION has an impressive bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
- CHILDCARE DISCOUNT: DEVON ENERGY CORPORATION does not offer childcare discount.
- COMMUTER BENEFIT: DEVON ENERGY CORPORATION has a great commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: DEVON ENERGY CORPORATION has a good daycare spending account that fills from each paycheck before taxes. This allows team members to partially cover costs of daycare while they are at work.
- DISABILITY: DEVON ENERGY CORPORATION has an exceptional 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: DEVON ENERGY CORPORATION offers an outstanding life insurance program. It is one of the best in the country and offers free life insurance for team members. The policy pays up to three years worth of salary to beneficiaries. This outstanding life insurance package contains dependent policies as well.
- PAID TIME OFF: DEVON ENERGY CORPORATION has an outstanding 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: DEVON ENERGY CORPORATION does not offer paid volunteer time off.
- PARENTAL LEAVE: DEVON ENERGY CORPORATION has a great parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | DEVON ENERGY CORPORATION | Industry | Oregon |
|---|---|---|---|
| 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 |
Improve this report:
We have prepared DEVON ENERGY CORPORATION's benefits report with the best of our knowledge. If you believe some information here is incorrect, please click the link below and send as a note.
We will contact you and/or update the information in 2-5 business days.