PennWest

  www.pennwest.com
  www.pennwest.com
There are newer employer reviews for PennWest

1 person found this helpful  

Wonderful Company Culture

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Anonymous Employee
Former Employee - Anonymous Employee

I worked at PennWest

Pros

Penn West is certainly one of the best companies to work for. Turnover in this company is known to be low.

Highlights:
• Penn West is one of the larger O&G - E&P companies of over 2000 employees. As a bigger company with deeper pockets, employees get to utilize more available company resources and more formal professional development opportunities related to the role.
• Generally a more relaxed atmosphere and company culture, which I believe enhances overall employee morale. Many managers are approachable when employees have questions to ask.
• Business casual dress code on usual days. Casual dress such as jeans are allowed on Fridays in most cases.
• Salary increases on an annual basis consisting of a salary review. To ensure competitive salary within the O&G - E&P industry, the company gathers data from the Mercer Compensation Surveys.
• Company paid holidays for both statutory and civic holidays. As well, office employees are provided with pay for flex days, an office closure during Stampede Parade, a half day off of your choice to participate in a stampede event, office closure between Christmas and New Years, and four office closure days to extend the statutory and civic holidays during the long weekends in the summer.
• Company provided Activity Day during the summer for office employees to enjoy a day away from work to participate in company sponsored activities or sports.
• Core work hours are from 8:00 am to 4:30 pm. However, if suited for the role and the needs of the company, the manager may also provide their employees with some flexible work hours.
• Vacation entitlement based on age. This may be an advantage or disadvantage to certain experienced employees. Temporary employees paid by wages, such as summer/co-op students or certain contractors, receive 6% vacation pay or an equivalent of 3 weeks vacation prorated to their work term.
• Voluntary social club membership to obtain discounts to various designated events and network with other fellow employees.
• Health Care Benefits for full-time employees begin when an employee starts working. There is no waiting period for employees to receive medical or dental health benefit coverage.

Cons

• It appears that the stock prices in the company have been going in a significantly downward trend during the recent years. It is rather worrisome as employees wonder how well the company will perform in the future.
• In comparison to other companies in the industry, there does not appear to be compressed work week options available at this time to allow for every other Friday off. However, the number of competitive benefits that are available to employees overall outweigh the negatives.
• As the company continues to grow larger, it starts to become more procedure and process-oriented. However, this can actually also be an advantage when it comes to best practices on getting things done and making sound decisions.

Advice to ManagementAdvice

Continue to keep up with the great work and culture. If you were to participate in competing for the annual Canada's Top 100 Employers list, I believe you will certainly make it on the list. I hope employees will continue to be strongly valued and considered as an asset to the company.

Recommends
Neutral Outlook
Approves of CEO

18 Other Employee Reviews for PennWest (View Most Recent)

Sort: Rating Date
  1.  

    I worked with a great team of people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst in Calgary, AB
    Former Employee - Business Analyst in Calgary, AB

    I worked at PennWest full-time (more than 5 years)

    Pros

    My supervisor was great for, he worked very hard to include everyone as part of the group.

    Cons

    It became tough to work here as there were so many layoffs going on in all departments.

    Advice to ManagementAdvice

    Learn something about the people you are laying off. Some people have been in the industry a long time and do other roles if there current role is not longer required.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Member of Finance and Accounting leadership team

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Calgary, AB
    Current Employee - Anonymous Employee in Calgary, AB

    I have been working at PennWest full-time (more than 3 years)

    Pros

    Offices are in a new building and have some decent perks (i.e. on-site gym, daycare provisions)

    Cons

    No work life balance, and compensation program is not competitive (and this is before the decline in oil prices). There is a belief that they pay well, but the reality is that stock options, cash bonuses, and other incentives are not competitive. They claim a 7.5 work day, but reality is that you end up working 9-10 hours on a consistent basis.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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