Well-being Denbury has a long-standing tradition of offering exceptional benefits to its employees. These benefits are designed to help us attract and retain talented employees by creating a great working environment for our employees. In a low oil price environment it is especially important to critically analyze all costs, including employee benefits. We have been working hard to reduce costs and have taken a close look to determine the employee benefits that provide the most value to our employees. We have changed many practices, events and benefits during the last few years in order to be as cost-conscious as possible while still providing the great working environment that is a foundation of Denbury.
Throughout Denbury’s headquarters you will find photos taken by employees. New ones are selected each year and they are rotated around the buildings.
Denbury closely monitors industry and geographical compensation information to ensure that its employees are being paid fairly and competitively. This includes our long-term incentive program which allows employees to annually make allocation elections between cash and equity-based awards.
Denbury provides its employees with multiple low-cost medical, dental and vision coverage options so each employee can participate in a plan that is appropriate for the needs of their family.
Denbury matches 100% of the first 6% of each employee’s pay contributed by the employee to their 401(k) plan. Annually, our 401(k) vendor provides educational sessions throughout the country discussing marketplace conditions, retirement planning and investment options.
Employee Equity Ownership
We believe that owning a piece of Denbury aligns the interests of our employees with those of our stockholders. All equity incentives are designed to motivate our employees to increase the value of the Company, which benefits not only the employees, but also the Company’s stockholders. Denbury’s compensation philosophy includes a desire for all employees to be shareholders of Denbury’s common stock. In addition to granting equity to all new hires, each year, all regular full-time employees receive an annual long-term incentive grant. The grants include deferred cash and restricted stock, which vest over three years.
We want to provide for our employees and their families in the event of a death or serious injury. Denbury provides employees with basic life and accidental death and disability insurance at no cost to the employee. We also offer additional life insurance at a modest cost.
Denbury’s disability program protects our employees financially if they are unable to work as a result of an illness or injury. Denbury provides short-term and long-term disability coverage at no cost to the employee.
Denbury employee enjoying the Denbury Café at lunch.
At Denbury’s headquarters we have an on-site cafeteria, the Denbury Café, which provides complimentary breakfasts and lunches to our employees four days a week. The Café is a daily meeting place for employees to gather and share work ideas or take a break and relax with co-workers. The Café is mutually beneficial because our employees do not need to spend time preparing meals at home to bring to the office and they are also able to be more efficient and productive since they do not use valuable work hours to leave our campus to eat out. Additionally, once a week the Denbury Café will provide a complete “Meal to Go” for families of four for $20. Dinner includes a homemade main dish, sides and dessert.
Matching Gift Program
Under Denbury’s matching gifts program, we match, dollar-for-dollar, up to $1,000 donated by an employee to any eligible charitable organization.
Denbury hosts many events for its employees and their families. These events create an employee-focused and family-oriented environment.
Denbury’s Fort Worth Stock Show and Rodeo Military Appreciation Day sponsorship invites all active and retired military and their families, as well as Denbury employees and their families, to attend the rodeo at no cost.
Denbury hosted a Fall Festival full of Halloween activities for Denbury families at our headquarters in Plano, Texas.
Denbury families gathered for an eventful evening watching and supporting a local baseball team outside of Dallas, Texas.
Families gathered at Denbury's headquarters in Plano, Texas for a chili cook-off supporting the Children's Medical Center.