Rewards and Benefits – Norway
A career with ConocoPhillipsNorge is a rewarding one. We value our people and ensure that the rewards and benefits are comprehensive, competitive in the markets where we operate and designed to recognize each individual’s contribution.
Our remuneration program varies based on job and individual performance and is designed to take account of our employees’ diversity:
We pay competitive base salaries, reflecting the individual’s role, responsibility and continuous performance.
Variable Compensation Scheme:
We operate a discretionary bonus scheme that is dependent upon both the company-wide and business unit performance throughout the year. This award may be further enhanced for individuals demonstrating exceptional performance.
Staff employed by ConocoPhillips Norge are invited to participate in the company’s stock saving scheme where the company matches the individual’s contributions.
Pension And Insurance Plans:
ConocoPhillips Norge provides a defined contribution pension scheme that contributes 7% of pensionable income up to 7.1 G and 22% of pensionable income exceeding 7.1 G up to 12 G. Additional amounts are provided for offshore employees. Your pension will also include coverage for disability and surviving spouse and children’s benefits. In addition, we provide appropriate insurance cover.
Medical Supplement Plan:
Employees are eligible to enroll in this plan that gains access to private health insurance. This benefit will cover limited visits for chiropractor, physiotherapy and crisis psychology.
Employees working onshore may take up to five weeks of vacation during the year. This may be increased to six weeks by extending each working day by ten minutes.
According to current agreements, employees working offshore are on a 14 days on/28 days off schedule and vacation is included in the time off periods.
Family Friendly Benefits:
We support working parents and careers with a range of benefits including maternity/paternity, parental and other welfare leave in accordance with local legislation and practice. ConocoPhillips operates its own day-care center for employees’ children in the immediate neighborhood of the office premises. Employees working onshore also have the opportunity to rearrange working hours to optimize their work/life balance.
Professional And Personal Development:
Opportunities are provided for employees to further their professional development. Formal and on-the-job training is provided to enable employees to develop both current skills and new skills.
For staff living within the Stavanger/Jæren area, bus transportation is provided to and from the offices in Tananger.
Our special recognition program is designed to acknowledge individual or team achievements and contributions that have added value to the company.
We value and recognize employees’ continued contribution to the company through a service award scheme.
Health And Welfare Promotions:
We encourage employees to continuously improve health and fitness through a series of health promotions and challenges. Gym facilities are provided in the main Tananger office and on our offshore installations, and arrangements are also in place for the use of external facilities. Our sports and social teams also provide the opportunity for employees to keep fit and meet some other like-minded colleagues.
The company offers a number of other welfare alternatives such as cabins and art club members.