43
Compensation andBenefits
Weare committed toproviding competitive
payand comprehensivebenefits toattract,
retainand reward thebest talent out there.
This isonewayweacknowledge thevalue
our peoplebring toDolphinEnergy.We
act uponour commitment byparticipating
inanannual compensationandbenefits
survey tobenchmarkour remuneration
packages against others inour highly
competitive industry.Weprovidea range
of benefits suchaspension, end-of-service
gratuity,medical insurance, life insurance,
educationassistance, car loans, and
personal loans.
EmployeeBenefits andCompensation
(ThousandsUSD)
2012
2013
2014
2015
SalaryAmountsPaid
94,902
93,853
91,724
90,026
Qatar
69,892
68,972
68,077
67,935
Kuwait
25,011
24,881
23,647
22,091
Benefits andAllowancesPaid*
99,434
95,958
115,659
109,819
Qatar
81,023
77,361
78,525
74,893
Kuwait
36,449
37,899
37,134
34,927
Total Salaries, Benefits,
andAllowancesPaid
212,375
209,113
207,383
199,845
PutOur PeopleFirst
03
Turnover
It is important tous thatwemeasure the
employee turnover acrossDolphinEnergy
tounderstand thefluctuationof voluntary
and involuntary turnover, and support both
our employees’ and company’s success.
In2014, DolphinEnergy completedamanpower
optimizationactivityaspartof ourorganizational
restructuring forDolphinEnergy2020; one
anticipated resultof thisactivitywas 14%employee
turnover in2014. In2015, ouroverall turnover
rate totaled7%, consistentwithourperformance
inyearsprior to2014.Wecontinuously seek
to improveour turnover rateandunderstand
key retention factors throughexit interviews
conductedbydepartingemployees.
In2015, the turnover rate for youngpeople (age
18-30) in theworkforce remainedhigh at 16%.
This is attributable to thedepartureof some
participants in theMinistryof Presidential Affairs
(MOPA) Technical PreparationProgram (TPP).
Students are required tomaintain aminimum
GPAof 2.5 as part of theprogram; thoseunable
tomeet this requirementwere released from
theprogram and therefore appear as turnover
inour data.
Turnover (%)
2012
2013
2014
2015
Total TurnoverRate (%)
8
8
14
7
UnplannedTurnoverRate (%ofworkforce) 6
6
7
5
Turnover byAge (%)
2012
2013
2014
2015
18–30
9
8
14
16
31 –40
8
8
11
4
41 –50
6
5
14
4
51 –60+
14
15
21
9
*DolphinEnergyappliedanewdefinition forBenefits andAllowancesPaid. It now includespension, endof service
benefits, andmedical insurance. All previousdatahasbeenupdatedaccording to thisnew changedefinition from
2012onwards.
GRI
G4-22
