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People and Ethics
Developing Employees
for
Business Success
One
of ConocoPhillips’ key goals is attracting and retaining top talent
— individuals with the knowledge and skills to implement the company’s
business strategy and who support our values.
According
to Joseph High, vice president of Human Resources, the opportunities
most prized by employees are:
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Working
for a winning organization; |
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Working
with great leadership; and |
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Working
in a job that is challenging. |
“At
ConocoPhillips, we provide all three,” says High. “We take our commitment
to providing our employees with challenging opportunities in a healthy
environment as seriously as any business goal. It’s our way of attracting
and retaining talented individuals who demonstrate the capability
to help us build a strong company and create lasting value for our
shareholders.”
Recruiting,
Retaining and Rewarding Top Performers
Maximum effort has gone into ensuring that ConocoPhillips employs
individuals with the skills and values needed to implement its business
strategy. Throughout the merger transition, a team of employees
integrated business units and functions, matching core talents and
positions.
“Maximizing
performance is a continuous process,” notes High. “Our new Performance
Management Process aligns and measures individual performance expectations
to achieve targeted business results. It’s a performance agreement
designed to help managers encourage the development of their employees,
while helping employees answer the question: ‘What can I do to make
a significant contribution to the company’s success?’”
Another
way the company maximizes performance is by rewarding and recognizing
top performers. Employees earn bonuses based on the company’s overall
performance and employees’ individual contributions. The company
also recognizes outstanding individual and team employee achievements
with the annual SPIRIT of Performance awards.
Redesigning
Compensation and Benefits
Consolidating operations and employment included consolidating all
of the company’s pay and benefit programs. As of January 1, most
of the company’s separate benefit programs, including payroll, had
been rolled into one program. Human Resources also has created one
set of policy guidelines and procedures.
“At
every stage, an effort was made to incorporate competitive features
consistent with our business needs,” says High. “Just as we wanted
the best person in every job, we designed a total compensation and
benefits package that meets diverse employee needs and compares
favorably with those of other large, integrated companies.”
Renewing
Our Commitment to Corporate Ethics
“At ConocoPhillips, integrity is a core value, and we take it very
seriously,” says Rick Harrington, senior vice president of Legal
and general counsel. “It’s a condition of employment; everyone in
the company is accountable.”
The
company has established a compliance and ethics committee to:
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Establish and publish compliance and ethics policies; |
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Design
and implement training programs; and |
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Periodically
review and assess corporate performance in key compliance areas,
including: antitrust, commodity trading, insider trading and
financial reporting. |
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