Petro-Canada's Total Compensation Strategy and Program

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Petro-Canada's Total Compensation Strategy and Program Contents Introduction 4 Overview of the Company 4 Compensation Program for Applications Analyst I 5 Cash Compensation 5 Benefits 5 Medical Insurance 6 Income security 6 Time off benefits 7 Pension plans 7 Life Insurance 7 Other benefits 8 Comparative analysis 8 Internal 8 External 9 Conclusion 9 Appendices 10 Appendix 1 10 Reference 13 Bibliography 14 Introduction It is imperative that large organizations are associated with better salaries while the smaller ones offer lower salaries in comparison to their counterparts.


However, the report analyses the above compensation structure before the occurrence of the merger between Petro-Canada and Suncor Energy. The idea is to analyze the compensation package of this employee to evaluate the same for the organization. Overview of the Company It is important to provide an introduction about the company before studying its compensation structure. Petro-Canada is a public organization producing oil and gas organization and taking part in all of the upstream and downstream operations. The company is known for exploring for and producing energy not only locally but also internationally. It has as many as 1,323 retail outlets which supplies petroleum products and services across the nation (The Canadian Encyclopedia, 2011). Headquarter of the company is located at the in downtown Calgary in Alberta. In the year 2008, the total revenue of the company was $27,785,000, while its employee strength was 6,088 (Petro-Canada, 2008, p.110). The oil and gas industry in Canada happens to be highly competitive having strong competitors like Encana etc. ...
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