ipl-logo

Chesapeake Energy Company Case Study

1095 Words5 Pages

Assignment 1: Compensation Practice

The company I chose to research is Chesapeake Energy that is listed on the New York Stock Exchange as CHK. They are the second largest producer of gas in the United States with currently 3,200 plus employees. There are headquartered in Oklahoma City, OK which is also the home of the NBA Oklahoma City Thunder team. As noted, in the “Fortune Magazine report” Chesapeake is ranked 24 as having one of the best compensation packages.
Their compensation strategy is based on pay-for-performance concept that places their employee’s compensation with the individual and how well the company performs. In a way this makes each employee accountable for the company’s growth. Chesapeake Energy gives their employees an annual …show more content…

• In West Virginia Chesapeake Energy earned the second largest fracking violations of all operations from 2008 to 2013 with 80 violations pertaining to 371 wells.
• Aug. 2011, (Natural Gas Watch) acquired documents through the Freedom of Information Act from the (Environmental Protection Agency) which should it had "pumped more than 14 million gallons of fluid to a depth of more than two miles in a natural gas well in Bradford County, Pennsylvania, before a blowout which sent tens of thousands of gallons of the toxic liquid into a nearby creek." The documents also showed that "the fluid Chesapeake used in operations at the well contained more than two dozen chemicals that included formaldehyde, hydrochloric acid, methanol, glutaraldehyde, two-butoxyethanol and methanol.
• An explosion in February sparked a large fire and injured three workers in Independence Township, Washington County, PA. The fire started at a site operated by Chesapeake Appalachia LLC, a subsidiary of Chesapeake Energy.
Assignment 1: Compensation

Show More
Related

The Pros And Cons Of Fracking

856 Words | 4 Pages

Scientists have found methane levels in the surrounding underground water sources are seventeen percent higher than more circumstances ("Pros"). Residents in the areas of gas well sites claim, and actually have video evidence, of holding a hand-held lighter to their sink water and being able to ignite it. If that itself isn't frightening enough, well companies can actually hide the chemicals they use in the process of fracking from the public ("New Yorkers"). The companies use up to six-hundred chemicals in the process, that go into the ground and can affect the water the public drinks but now of them have to be disclosed to the public ("Natural"). Also, the act of fracking can release naturally-occurring radioactive chemicals into well-water that, in other circumstances, could never possibly reach the public's

Read More

Pros And Cons Of Hydraulic Fracking

887 Words | 4 Pages

In studies done on the Marcellus Shale region of West Virginia and Pennsylvania, the largest natural gas field in the US, it was found that more than 90% of the fracking fluid injected into wells were never removed. A common fracking chemical, benzene, is a human carcinogen known to cause cancer. Another chemical, volatile organic compounds (VOC), easily diffuses into the air, harming workers at the site who breathe in the air. VOCs have also been seen in water sources in percentages that exceeded drinking water standards. Chemicals used in fracking cause a range of problems, from nosebleeds and abnormal skin growth to cancer and birth

Read More

Oil Fracking Research Paper

446 Words | 2 Pages

There are up to 600 dangerous chemicals are used in the technology for the sake of fracking fluid, including the known carcinogens and toxins such as lead, uranium, mercury, ethylene glycol, radium, methanol, hycdrochloric acid, formal dehyde, and so on.. Some of the new technologies are made when they mix a new form of chemical into the water just to make the oil fracking happen. The dangerous chemicals are mixed with the water before injecting it for the oil fracking purposes. Because of the water being mixed with the chemicals, the water became contiminated and there are some effects are made while flowing the water towards into the earth.

Read More

The Pros And Cons Of Fracking

1027 Words | 5 Pages

Imagine, you turn on your faucet, you hold a match perpendicular to the water, and watch as in a horrifying burst of light and heat, fire engulfs your sink. This may be caused by hydraulic fracturing, also known as fracking. Fracking is a natural gas drilling process some consider “safe”, that drills into deposits previously unreachable. This involves “smashing rocks with water and chemicals, to bring gas to the surface”. In the Bush Administration’s Energy Policy Act, Fracking was excluded from the list of energy sources that the EPA is capable of regulating.

Read More

Internal Consistency At Customers First Case Study

1637 Words | 7 Pages

I feel that despite the fact that both Joan and Deborah have diverse alternatives on what ought to be done they will find that the greater part of their worries are legitimate. Joan's concerns are based on external impact and Deborah's concerns are based on internal value. Both perspectives should be taken into consideration when creating the compensation plan. Both Joan and Deborah have the advantage that the concerns each have can be combined to benefit one another to achieve the end

Read More

How Does Natural Gas Fracking Affect The Environment

139 Words | 1 Pages

In Dimock Pennsylvania, Natural gas fracking caused a gas leak which caused many long term and short term impacts on the earth and town itself. Cleanup has been ongoing for over eight years, and it seems that the area may never return to its original condition. Even though it provides many jobs to unemployed people, natural gas fracking damages the environment, poses health problems, and damages manmade and natural infrastructures. According to Rafuse in “Don’t let extremists undermine fracking boom.” , “gas jobs have grown by 18 percent in the last five years, compared to just 4 percent for the rest of the economy.” Natural Gas fracking damages the environment in many ways, including contaminating water.

Read More

Essay On Fracking

1699 Words | 7 Pages

Fracking: Should It Stop? In 2007, a home in Ohio received an unpleasant surprise when, after turning on the sink, an explosion ensued (Beaver 128). What caused this explosion?

Read More

The Pros And Cons Of Fracking

1568 Words | 7 Pages

The search for new, clean energy has been going on for a number of years with a plethora of ideas and innovations as evidence. One of the biggest and most talked about alternative energy sources is natural gas. Found in shale beds underground, natural gas is obtained by a process called hydraulic fracturing, or fracking as it’s more commonly known, that breaks apart the rock by using high pressurized chemicals. Though it has been a known process for some time, the argument of whether fracking is worthwhile is still going strong. Some believe the risk it brings to the environment is too high, while others think the positives outrank the negatives.

Read More

Fracking Research Paper

1086 Words | 5 Pages

The environment, in which fracturing sites are located, go from clean landscapes to factory wastelands. Bruce McKenzie Everett, a professor of international business at the Fletcher School, states that “There are air pollution problems and earthquakes from the deep-well injections of the wastewater into the gas-producing shale, as well as significant global warming emissions.” On a superficial level, this obviously shows that fracking aids the deterioration of the environment, but will also leave lasting effects on the land and the people residing in it; earthquakes do not make for safe surroundings and air pollution leads to external bodily irritations and possible respiratory disease -- these all contribute to the list of negative externalities. A primary dispute over the allowance of fracking is its water contamination. An article by Think Process states, “Scientists have found elevated levels of cancer-causing chemicals in the drinking water in North Texas’ Barnett Shale region — where a fracking boom has sprouted more than 20,000 oil and gas wells….

Read More

Fracking: Hazards To The Public Health And The Environment

135 Words | 1 Pages

There have been over 1,000 documented cases of water contamination next to areas of gas drilling. This Type of pollution cause many health issues for human such as rashes, stomach or liver illness, respiratory problems and Neurological affects. In some extreme cases the pollution can cause death to some humans. Fracking has huge consequential hazards to the public health and the environment, and many have long term effects. In June 2014 the Public Health published a review of the public health impacts of exposures to chemical and radioactive pollutants, the result of shale gas extraction in the UK was based on the examination of literature and data from countries where fracking had already occurred.

Read More

The Three Components Of Tangible Rewards And Payment

833 Words | 4 Pages

Total rewards and compensation is the key component for all companies across every industry. Total rewards and compensation can either make a great company or deteriorate a great company. Tangible direct rewards, tangible indirect rewards, and intangible rewards are the three components to total rewards and compensation. (Valentine, 2014, pp. 368) Tangible direct rewards compose of base pay and variable pay.

Read More

Summary: Christian Worldview Of Human Resource Management

968 Words | 4 Pages

The blossoming pressures of global competition, increased access to innovative technology, and dynamic business processes has made strategic management pivotal to a company’s ability to endure competitively and successfully (Blocher, Stout, Juras & Cokins, 2013). In the past several decades, it has been recognized that one of a company’s key resources for success are its human resources (Martocchio, 2015). In order for an organization to draw, inspire, and retain principal performers, compensation management must be equitable to all employees (Gómez-Mejía, Balkin, & Cardy, 2012). An organization can accomplish this through a Christian worldview in pay-for-performance, abiding by the Equal Pay Act of 1963, and Title VII of the Civil Rights

Read More

Fair And Equitable Compensation Case Study

1089 Words | 5 Pages

There is no incentive provided for marginal or nonperforming workers to improve, as this type of seniority-based pay systems does not take into account individual job performance. It primary looks only at tenure to be the deciding factor for pay increases, so it does not recognize the different value of individual contributions. In addition a study done in Personnel Psychology showed that this type of pay structure negatively impacted the recruiting and retention of high performers. The benefits provided were loyalty, retention, and stability, regardless of performance levels (Shaw and Gupta). In summary, the companies using this type of incentive pay system retain more staff, and have a lower turnover of marginal workers.

Read More

Argumentative Essay On Fracking

951 Words | 4 Pages

Despite, the human’s constant concerns about the impact of fracking on the environment, human health and other issues, it has been one of the most important innovations for the economy in Northeastern Pennsylvania over the last century. “It’s almost impossible to overestimate the importance of fracking to the natural gas industry and the nation”. The importance of fracking on the economy in Northeastern Pennsylvania is similar to everywhere else in the United States. However, ever since the discovery of this technology, Northeastern Pennsylvania in particular has transformed completely.

Read More

Fracking Persuasive Speech

943 Words | 4 Pages

Researchers have “requested data from Pennsylvania, Ohio, West Virginia, and Texas, all states heavily involved in the recent surge of oil and gas drilling, about complaints related to hydraulic fracking for oil and gas” for their research on fracking (Dechert).   The research collected was shocking, over 2,000 complaints in Texas alone and several cases on well water contamination within the states mentioned in Decherd’s article. People need to be alerted about how real fracking is and the damages it is doing. These complaints and cases should be a wakeup call to the world and say that we should put it to a

Read More

More about Chesapeake Energy Company Case Study

Related Topics

Open Document