Building value for Devon’s many stakeholders and making a positive impact in our communities depends on employees who are healthy and happy and who come to work every day with a positive outlook.
Addressing employees’ physical, mental and financial well-being
At Devon, we invest in the well-being of our employees. We recognize the strong connection between healthy employees and our ability to achieve our corporate goals. As a result of this commitment, we experience strong productivity and engagement, low absenteeism, high retention rates and lower health care costs. Our generous health care benefits and comprehensive wellness programs help employees improve their physical, mental and financial well-being.
Employees and their spouses have access to our online wellness portal to track health and wellness goals. They can earn points for activities such as getting a physical exam, participating in a stress assessment and management program or completing a financial fitness assessment. This provides employees a deeper understanding of personal risk factors and ways to proactively manage their well-being. Employees who accumulate 1,000 points in a year receive up to $2,500 in contributions to their health savings account. In 2018, employee engagement in our wellness programs was strong; 92% were registered on the online portal (the highest of all of our third-party provider’s clients), 68% completed their well-being assessment and 78% earned at least 1,000 points.
Preventing health problems
We encourage our employees to make lifestyle choices that prevent health problems. At our wellness centers in Oklahoma City and some field offices, Devon employees can exercise, attend workshops and learn from experts about fitness, nutrition, smoking cessation and other health-related topics.
Annual physical exams are an important way to identify and prevent health problems. From July 2017 through December 2018, 57% of Devon’s U.S. employees received an annual physical exam. More than 800 physicals were completed at the medical clinic we established for employees and their families near our corporate headquarters in Oklahoma City. Known as The Doc, the clinic operated by the University of Oklahoma Physicians Group maintains short wait times, a high level of personal attention for each patient and an overall excellent standard of care.
Preventive cancer screenings are an important health focus at Devon, with employee participation exceeding national benchmarks by up to 20% in some categories.
Mastering personal finance issues
Financial pressures can lead to stress and affect people’s sense of well-being. Devon offers a financial-wellness program to help employees save for retirement, and manage debt and other personal finance issues. As part of this program, employees can take a third-party financial assessment and participate in one-on-one consultations with experts and onsite and web-based workshops. In 2018, 52% of our employees took advantage of the financial-wellness program, and 45% of eligible employees completed their financial-fitness assessment. Our employees’ average financial wellness and retirement readiness scores increased from 69% in 2017 to 75% in 2018, well above the 2018 national average score of 58%.
Devon is proud to give our employees and their families opportunities to take care of their health and improve their well-being.