Benefits – United Kingdom
A career with ConocoPhillips 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.
We invite UK staff to participate in the company’s share incentive plan, which provides a tax-efficient means of acquiring shares in ConocoPhillips. The company also contributes to this scheme.
New employees joining the company are entered into the ConocoPhillips Defined Contribution Plan i.e. the automatic enrolment scheme chosen by ConocoPhillips. Membership of the trust-based plan provides benefits including Life Assurance cover, ill-health cover and surviving dependants’ benefits, all with effect from your first day of employment.
Private Medical Insurance
We provide Private Medical Insurance cover for staff and the opportunity to purchase additional cover for dependants at highly competitive rates.
Employees are provided with a competitive holiday entitlement which increases in line with service. This holiday entitlement is in addition to recognized public holidays.
Subsidized lunch is provided at our UK offices.
Our flexible benefits scheme gives employees the ability to vary their benefits package from the standard offering to better suit their individual circumstances. There is an opportunity to purchase additional benefits, e.g. dependents Private Medical Insurance, Dental Insurance, Childcare Vouchers, Cycle2Work scheme or to increase or decrease the level of the standard benefits provided.
Family Friendly Benefits
We support working parents and careers with a range of flexible benefits including enhanced maternity and paternity benefits and flexible working.
Professional and Personal Development
Opportunities are provided for employees who wish to pursue professional or further educational studies that will improve their performance and are appropriate to their role in the Company. The support facility includes payment of fees, examination costs, learning materials and time off for study.
We also support professional association memberships relevant to the business, such as IChemE, IMechE and CIMA.
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.
Employee Wellbeing Program (EWP)
EWP is an integrated online and offline personal support program. It provides employees with free 24-hour access to a life management and health information portal, online therapy, an interactive healthy lifestyles website plus telephone and face-to-face support and counselling.
We encourage employees to continuously improve their health and fitness through a series of health promotions and challenges. We provide subsidized gym memberships.