Houston company gives every employee a six-figure bonus

Hilcorp is awarding all of its employees, from the CEO to the receptionist, a $100,000 bonus check this season capping off a successful year.

AP/File
Hilcorp Energy Company, based in Houston is giving each its employees a $100,000 bonus.

A Houston-based company is giving its employees a Christmas treat they will never forget.

Hilcorp Energy Company, a privately held oil and gas exploration and production company, is awarding all of its 1,381 staff a $100,000 bonus to thank them after they surpassed their financial targets.

The $100,000 will be prorated based on hire date, but employees of all job levels and titles were eligible for the bonus, according to Fortune Magazine which named the company one of the "best workplaces for diversity".

"It's just a true gift and I don't think that myself along with everyone is not going to give less than 100 percent every day" Amanda Thompson, a receptionist, who has worked at the firm for 10 years, told FOX 26 Houston.

This is not the first time the company is issuing a generous pat on the back of its employees for a job well done. Back in 2010, Thompson says the company met a 5-year goal, and all employees were treated to the choice of a $50,000 car or $35,000 in cash check.

“It was a surreal day it was a dream come true. It was likely a day that many people won't experience in their lifetime and we all did it together,” Thompson told the station.

“Mr. Jeff Hilldebrand (CEO), and our president Greg Lalicker, they are such amazing motivators.”

According to the Houston Chronicle, the new goal to double Hilcorp’s oilfield production rate, net oil and gas reserves, and equity value over five years had to be met by the end of 2015, but Hilcorp reached the goal in the spring.

"That was based on doubling the size of Hilcorp over a five year period and we met that goal," Thompson said. "And we all were able to celebrate and enjoy that life-changing day together.”

Earlier this year, Fortune Magazine named Hilcorp one of the “best workplaces for millennials” for 2015, the firm was placed No. 20 on the Magazine’s overall "best companies to work for" list. 

Hilcorp isn't the only energy company dishing out large bonuses this year. Earlier this year, for the first time since emerging from bankruptcy in 2009, General Motors gave its 48,000 union workers a bonus of up to $9,000 (which was larger than their contract called for), the Detroit News reported

You've read  of  free articles. Subscribe to continue.

Dear Reader,

About a year ago, I happened upon this statement about the Monitor in the Harvard Business Review – under the charming heading of “do things that don’t interest you”:

“Many things that end up” being meaningful, writes social scientist Joseph Grenny, “have come from conference workshops, articles, or online videos that began as a chore and ended with an insight. My work in Kenya, for example, was heavily influenced by a Christian Science Monitor article I had forced myself to read 10 years earlier. Sometimes, we call things ‘boring’ simply because they lie outside the box we are currently in.”

If you were to come up with a punchline to a joke about the Monitor, that would probably be it. We’re seen as being global, fair, insightful, and perhaps a bit too earnest. We’re the bran muffin of journalism.

But you know what? We change lives. And I’m going to argue that we change lives precisely because we force open that too-small box that most human beings think they live in.

The Monitor is a peculiar little publication that’s hard for the world to figure out. We’re run by a church, but we’re not only for church members and we’re not about converting people. We’re known as being fair even as the world becomes as polarized as at any time since the newspaper’s founding in 1908.

We have a mission beyond circulation, we want to bridge divides. We’re about kicking down the door of thought everywhere and saying, “You are bigger and more capable than you realize. And we can prove it.”

If you’re looking for bran muffin journalism, you can subscribe to the Monitor for $15. You’ll get the Monitor Weekly magazine, the Monitor Daily email, and unlimited access to CSMonitor.com.