U.S. Benefits
Devon offers a comprehensive set of industry-leading benefits, which include:
— Medical, Dental and Vision Insurance
— Basic Life & Accidental Death and Dismemberment Insurance
— Voluntary Life & Accidental Death and Dismemberment Insurance
— Business Travel Insurance
— Minimum three weeks vacation each year
— Short-Term & Long-Term Disability Insurance
— Flexible Spending Account
— Employee Assistance Program
— Incentive Savings (401(k)) Plan
— Retirement Company Contribution
— Tuition Reimbursement Program
U.S. Compensation
Devon’s compensation philosophy is to provide a competitive package that is dependent on numerous factors, including company and individual performance, experience, the current competitive environment and external market data.
Devon offers a competitive performance-based compensation program. The core components of the company's compensation strategy include:
— Base Salary
— Performance Bonus
— Long-Term Incentives
Devon's compensation strategy is based on available industry surveys and practices to ensure that the company remains competitive within the industry.
Canada Benefits and Compensation
In Canada, Devon offers a highly competitive compensation and benefits program, including:
— Medical and dental insurance
— Life and disability insurance
— Health and wellness spending account
— Minimum three weeks vacation each year
— Scholarship program
— Social club
To assist employees with their financial security at retirement, the company contributes 6 percent of an employee's base salary toward the Devon Canada Pension Plan. This is in addition to an employee savings program. This savings program provides numerous financial options with employee contributions matched dollar-for-dollar by the company up to 4 percent.