Employee Retention of Marathon Oil : Marathon Oil Corporation, (NYSE: MRO) is a United States-based oil and natural gas exploration and production company. Principal exploration activities are in the United States, Norway, Equatorial Guinea, Angola and Canada. Principal development activities are in the United States, the United Kingdom, Norway, Equatorial Guinea, and Gabon. In addition, Marathon operates other businesses that market and transport its own and third-party natural gas, crude oil and products manufactured from natural gas, such as liquefied natural gas and methanol, primarily in the United States, Europe and West Africa. Marathon's headquarters facility is the Marathon Oil Tower in Houston, Texas.
Employees are more likely to stay with a company and are more productive if they feel comfortable in their job and organization. Studies show that having a mentor is a key factor affecting an employee's success, career satisfaction and decision to stay with a company. Mentoring at Marathon aids in recruitment, retention, employee development and knowledge transfer from experienced to newer employees.
Mentoring is a part of our business culture. It is voluntary and spans the enterprise. Mentoring within particular organizations is focused on acclimating new employees to the Company. U.K. operations experienced a significant increase in mentoring relationships in 2009 by conducting workshops to raise awareness of their program. In 2009, the Marathon Expatriate Mentoring Program was created to ease the transition for expatriate employees and their spouses/domestic partners.
Corporate mentoring programs were consolidated in 2009 to increase the focus on retention and performance measurements, particularly career development and progression of participating women and minorities.
Marathon’s Global Procurement organization manages the competitive bid process to efficiently obtain goods and services from outside sources. Successful supplier candidates for Marathon Oil Corporation should demonstrate the following qualities:
Financial viability
Competitive and “Value Added” capabilities
High ethical standards
An understanding of Marathon’s business
Quality procedures and processes, ISO, or others appropriate to the industry
Technology, cost or service advantage over other competitors
Innovative delivery of goods or services e-commerce, EDI, etc.
Third-party minority or women-owned orientation certification, if applicable
Marathon reserves the right to select suppliers who will participate in the procurement process. Marathon cannot and will not promise to transact business with all suppliers. We anticipate that all suppliers will honor Marathon’s Code of Business Conduct and demonstrate compliance with applicable safety, environmental, and transportation laws and regulations.
Pros
Marathon is overall a great company. Gym in the building (used to be free, but budget cuts ...), vanpools, big enough to play with the big leagues, but small enough to avoid a lot of the big oil scandal. The company encourages movement within allowing for temporary assignments (in Houston or elsewhere). They offer partial tuition reimbursement, pay for the CPA exam, and Becker review.
Cons
Outsourced a large part of their accounting and IT a few years back and it remains that way. Many people complain that they can feel the difference in how the accountants and other 'overhead' groups are treated, versus the engineers and the money makers. Pay scale doesn't really accomodate horizonal movement. If you have no aspirations for upper management, you can top out pretty early.
Attracting and retaining good employees takes more than money, according to panelists at Robert Half International Inc.'s Executive Roundtable: Hiring and Compensation Issues in IT and Finance.
The roundtable, which was held Sept. 16 at and co-sponsored by Case Weatherhead School of Management, Case Western Reserve University, Cleveland, covered topics such as incentives, skills and overall compensation plans.
The consensus among the panelists? Helping employees balance work/life issues and enabling them to customize how they work -- be it incorporating flex-time or getting on the fast-track in terms of career advancement -- goes much further than monetary rewards.
Another popular tactic among the panelists' companies: Relying on employee referrals to fill open positions. "By referring family or friends, employees can build teams they like to work with," says Jo Ann Boylan, chief technology officer at Cleveland-based Ohio Savings Bank. Boylan, who started her career at Marathon Oil Co., also suggests sending hand-written notes to employees' homes when they've done a great job. "It's the small things that get forgotten, but are extremely powerful," she adds.
Robert Half International is a Menlo Park, Calif.-based specialized staffing firm that places accounting, finance and information technology professionals via its seven divisions, including Accountemps, OfficeTeam, Robert Half Technology and The Creative Group.
Marathon employees and their family enjoy an attractive Health Care benefits package including wellness reimbursements to promote a healthy lifestyle. An Employee Assistance Program offers face-to-face counseling, Work/Life referral for child, elder care and legal/financial services. Adoption Assistance reimbursement is available for any eligible employee, and the Educational Reimbursement Plan helps facilitate an employee's career development goals.
The Thrift Plan 401k savings with 7 percent Company matching contribution is managed through Fidelity Investments; and a Company pension plan, also through Fidelity, promotes long-term financial security.
Marathon offers a highly competitive pay package that includes base pay, annual cash bonuses and long-term incentives for qualifying employees. These programs are designed to reward individual performance and align overall rewards with corporate and team performance. Paid time off benefits include sick leave, vacation, holiday and disability pay.
You can be in a lot of different places doing a lot of different things and still be Marathon. Combine your Houston oil-town savvy with the Louisiana spice for life. Bring a Midwestern work ethic to the big sky optimism of Wyoming. Take it to London, Aberdeen or Calgary and then make a best friend on the island of Malabo off the west coast of Africa, or in Indonesia, Norway or who knows where next.
There are main hubs of activities like those listed here, and then any number of worksites, offices and conference rooms around the world where Marathon is doing business, planning an energy future, and delivering on our commitment to safety, the environment and the communities where we live and work.
Employees are more likely to stay with a company and are more productive if they feel comfortable in their job and organization. Studies show that having a mentor is a key factor affecting an employee's success, career satisfaction and decision to stay with a company. Mentoring at Marathon aids in recruitment, retention, employee development and knowledge transfer from experienced to newer employees.
Mentoring is a part of our business culture. It is voluntary and spans the enterprise. Mentoring within particular organizations is focused on acclimating new employees to the Company. U.K. operations experienced a significant increase in mentoring relationships in 2009 by conducting workshops to raise awareness of their program. In 2009, the Marathon Expatriate Mentoring Program was created to ease the transition for expatriate employees and their spouses/domestic partners.
Corporate mentoring programs were consolidated in 2009 to increase the focus on retention and performance measurements, particularly career development and progression of participating women and minorities.
Marathon’s Global Procurement organization manages the competitive bid process to efficiently obtain goods and services from outside sources. Successful supplier candidates for Marathon Oil Corporation should demonstrate the following qualities:
Financial viability
Competitive and “Value Added” capabilities
High ethical standards
An understanding of Marathon’s business
Quality procedures and processes, ISO, or others appropriate to the industry
Technology, cost or service advantage over other competitors
Innovative delivery of goods or services e-commerce, EDI, etc.
Third-party minority or women-owned orientation certification, if applicable
Marathon reserves the right to select suppliers who will participate in the procurement process. Marathon cannot and will not promise to transact business with all suppliers. We anticipate that all suppliers will honor Marathon’s Code of Business Conduct and demonstrate compliance with applicable safety, environmental, and transportation laws and regulations.
Pros
Marathon is overall a great company. Gym in the building (used to be free, but budget cuts ...), vanpools, big enough to play with the big leagues, but small enough to avoid a lot of the big oil scandal. The company encourages movement within allowing for temporary assignments (in Houston or elsewhere). They offer partial tuition reimbursement, pay for the CPA exam, and Becker review.
Cons
Outsourced a large part of their accounting and IT a few years back and it remains that way. Many people complain that they can feel the difference in how the accountants and other 'overhead' groups are treated, versus the engineers and the money makers. Pay scale doesn't really accomodate horizonal movement. If you have no aspirations for upper management, you can top out pretty early.
Attracting and retaining good employees takes more than money, according to panelists at Robert Half International Inc.'s Executive Roundtable: Hiring and Compensation Issues in IT and Finance.
The roundtable, which was held Sept. 16 at and co-sponsored by Case Weatherhead School of Management, Case Western Reserve University, Cleveland, covered topics such as incentives, skills and overall compensation plans.
The consensus among the panelists? Helping employees balance work/life issues and enabling them to customize how they work -- be it incorporating flex-time or getting on the fast-track in terms of career advancement -- goes much further than monetary rewards.
Another popular tactic among the panelists' companies: Relying on employee referrals to fill open positions. "By referring family or friends, employees can build teams they like to work with," says Jo Ann Boylan, chief technology officer at Cleveland-based Ohio Savings Bank. Boylan, who started her career at Marathon Oil Co., also suggests sending hand-written notes to employees' homes when they've done a great job. "It's the small things that get forgotten, but are extremely powerful," she adds.
Robert Half International is a Menlo Park, Calif.-based specialized staffing firm that places accounting, finance and information technology professionals via its seven divisions, including Accountemps, OfficeTeam, Robert Half Technology and The Creative Group.
Marathon employees and their family enjoy an attractive Health Care benefits package including wellness reimbursements to promote a healthy lifestyle. An Employee Assistance Program offers face-to-face counseling, Work/Life referral for child, elder care and legal/financial services. Adoption Assistance reimbursement is available for any eligible employee, and the Educational Reimbursement Plan helps facilitate an employee's career development goals.
The Thrift Plan 401k savings with 7 percent Company matching contribution is managed through Fidelity Investments; and a Company pension plan, also through Fidelity, promotes long-term financial security.
Marathon offers a highly competitive pay package that includes base pay, annual cash bonuses and long-term incentives for qualifying employees. These programs are designed to reward individual performance and align overall rewards with corporate and team performance. Paid time off benefits include sick leave, vacation, holiday and disability pay.
You can be in a lot of different places doing a lot of different things and still be Marathon. Combine your Houston oil-town savvy with the Louisiana spice for life. Bring a Midwestern work ethic to the big sky optimism of Wyoming. Take it to London, Aberdeen or Calgary and then make a best friend on the island of Malabo off the west coast of Africa, or in Indonesia, Norway or who knows where next.
There are main hubs of activities like those listed here, and then any number of worksites, offices and conference rooms around the world where Marathon is doing business, planning an energy future, and delivering on our commitment to safety, the environment and the communities where we live and work.
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