This report analyzes and compares MURPHY OIL CORPORATION's employee health insurance and employee benefits with its industry and in Arkansas 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
MURPHY OIL CORPORATION has superb 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 MURPHY OIL CORPORATION. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: MURPHY OIL CORPORATION continually evaluates its team members to determine the potential and direction of employees' careers. The excellent tools that MURPHY OIL CORPORATION uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: MURPHY OIL CORPORATION does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: impressive development resources are what allows MURPHY OIL CORPORATION to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in impressive workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: MURPHY OIL CORPORATION does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: MURPHY OIL CORPORATION is always on the lookout for new leadership material and offers solid development programs for its team members. With access to solid resources, MURPHY OIL CORPORATION ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: Whether the newcomer is an entry-level employee or a seasoned manager, coming to a new place of work is never easy. That's why MURPHY OIL CORPORATION offers an impressive Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: MURPHY OIL CORPORATION knows that dedicated team members are hard to come by so it has an extraordinary Recognition program for those who stand out and continually contribute to MURPHY OIL CORPORATION.
- TUITION REIMBURSEMENT: MURPHY OIL CORPORATION realizes that continuous education is a key to success so it has an outstanding Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | MURPHY OIL CORPORATION | Industry | Arkansas |
|---|---|---|---|
| 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
MURPHY OIL CORPORATION 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 MURPHY OIL CORPORATION's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: MURPHY OIL 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 MURPHY OIL 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: Team members at MURPHY OIL CORPORATION have a first-class dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. MURPHY OIL CORPORATION partially pays for dentures and braces as well.
- HEALTH INSURANCE: MURPHY OIL 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: MURPHY OIL CORPORATION offers its team members top-notch 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. MURPHY OIL CORPORATION provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: MURPHY OIL CORPORATION offers an outstanding 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, MURPHY OIL CORPORATION has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: MURPHY OIL CORPORATION has implemented a superb telehealth policy for its members to use any time of the day, every single day. MURPHY OIL CORPORATION covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: MURPHY OIL CORPORATION has an exceptional 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 | MURPHY OIL CORPORATION | Industry | Arkansas |
|---|---|---|---|
| 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
MURPHY OIL 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: MURPHY OIL CORPORATION has an impressive 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, MURPHY OIL CORPORATION offers an impressive program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, MURPHY OIL CORPORATION offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: MURPHY OIL CORPORATION 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: MURPHY OIL CORPORATION offers first-class bonuses to team members who excel in their field of work, provide extraordinary results for MURPHY OIL CORPORATION, and encourage others to do the same.
- CHILDCARE DISCOUNT: MURPHY OIL CORPORATION cooperates with partners and team members are eligible for first-class discounts for a primary childcare.
- COMMUTER BENEFIT: MURPHY OIL CORPORATION has a solid 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: MURPHY OIL CORPORATION offers a superior 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: MURPHY OIL CORPORATION has a great 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 great coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: MURPHY OIL CORPORATION offers a solid life insurance policy to its team members for an affordable price. MURPHY OIL 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: MURPHY OIL CORPORATION has an exceptional 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: MURPHY OIL CORPORATION has a top-notch volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, MURPHY OIL CORPORATION stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: MURPHY OIL CORPORATION has an impressive parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MURPHY OIL CORPORATION | Industry | Arkansas |
|---|---|---|---|
| 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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