Personal Rewards & Benefits
Hilcorp pays competitive base salaries to attract and retain talented employees. To ensure our program remains current, we compare our pay levels to peers in our industry and adjust our salary ranges to reflect the changing market. Each year, all employees’ salaries are formally reviewed.
The Bonus Program provides the opportunity for employees to earn a percentage of their base salary if Hilcorp reaches its annual operational and financial goals. Working as an owner at Hilcorp means each employee has a direct impact on our bonus performance. Our annual target bonus is 30% of base salary with a stretch target of 60%. All employees are rewarded with the same bonus percentage. Employees are informed of how Hilcorp is progressing against annual goals during the company’s monthly open-book management meetings attended by all employees. When Hilcorp wins, we all win.
The Buy-In plan is our unique long-term incentive plan that gives each employee an opportunity to build additional personal wealth directly from the success of Hilcorp projects. There are two ways to participate:
1. Grant Award Program – Hilcorp provides grant dollars each year to participate in Buy-In Plan projects. Upon investment, the employee receives 50% of the monthly cash flow from their investment, with the remaining 50% vesting after 5 years.
2. Cash Participation Program – Employees can invest their own money into Buy-In Plan projects with a 2 year vesting schedule.
Hilcorp sets 5-year Big Hairy Audacious Goals (BHAGs) and uses these to frame its annual plans. The plan also supports Hilcorp’s efforts to retain and recruit the best talent in a competitive environment. The most recent award was $75,000 cash and $25,000 toward charities of each employee’s choice. Previous awards were $50,000 vouchers for a vehicle and $100,000.
Hilcorp’s commitment to urgency and ownership allows me to quickly tackle and make decisions on major issues.
Working every day with such wonderful people who are driven by the same principles and sense of ownership of the organization as I am makes each day a rewarding one.
We constantly ask ourselves, ‘Is there a better way to do this’ Innovation is definitely a key component of Hilcorp’s success.
Urgency is what separates Hilcorp from everybody else…At Hilcorp its ‘act today, not tomorrow’ and that makes a big difference.
This company is great. I look forward to coming to work each day and can truly say that this is “The Best Place to Work".
A flat organization with challenging work, smart, motivated people where everyone can make a difference – That’s Hilcorp.
I really feel like I’m working for a team that appreciates what we do.