EmployeeBenefitsand
Compensation
DolphinEnergy iscommitted to
enhancing itsstatusasanemployer
of choice, throughhigh levelsof
employeeengagement, and through
its ‘OneCompany–OneTeam–One
Vision’ initiative. Acritical part of
realizing thiscommitment lieswith the
company’scompensationandbenefits
programs. Asonecomponent of
employeeengagement, compensation
andbenefitsprogramshave tobe
competitiveand tobeseenas fair
andequitable toemployees.
Toensure that employeecompensation
remainshighlycompetitive,
Dolphinparticipates inanannual
compensationandbenefitssurvey,
receivingmarket data that isused
inplanningemployeeprograms.
Companymanagement relieson
thismarket datawhenmaking
compensationandbenefitsdecisions.
Asmentionedearlier in this report,
Dolphinmanagement usesasurvey
administeredbyAonHewitt tomeasure
employeeengagement. The2008
surveydiscovered that only48%of
employees felt that compensation for
thesame job, samecompetency, and
sameperformancewasequitable.
Also, that only52%of employees
understoodhowcompensation
decisionsweremade. Therewas
clearly room for improvement.
Thesesurvey results, coupledwith
employeecomments, provided
managementwith thedata they
needed tomoveaheadproactively.
Employee feedbackdescribed that
consistencyacross jobgradesneeded
tobe improved. TheDolphinEquity
programwas launched inearly2010
toaddress this.
UnderDolphinEquity, thecompany re-
evaluatedandadjustedover 50%of its
jobs, bringing them in linewith industry
standards.When thecompany’s
engagement surveywas replicated in
2010, therewasanapproximate12%
improvement inengagement scores
for compensationandbenefits. It is
felt that theDolphinEquityprogram
alongwith the introductionof other
compensationenhancements
were largely responsible for this
dramatic increase.
For thecompany’smost junior staff,
thecompensationandbenefits
package isalignedwith theenergy
sector. Thecompany’sovertime
policyprovides for supplementary
remuneration for thosewhoqualify,
andservicecontract employeesare
compensated for additional
daysworked.Compensation is
determinedbasedon job rolesand
responsibilities, thereforeall genders
are treatedequally in thesalary
administrationprocess.
