We attract and retain employees that have both exceptional skills and share our Core Values. Our Guiding Principles help shape our behaviors so that we are able to create a professional environment that welcomes new ideas, encourages diverse perspectives and fosters a collaborative team environment. We accomplish this by attracting diverse top talent, providing development opportunities, rewarding employees and supporting their health and wellness.
Tesoro embraces and promotes a culture that values diversity, inclusion and equal opportunity. We believe our employees’ broad range of views, experiences and backgrounds broaden our collective perspective.
In 2015, female and minority employees accounted for 20 and 34 percent of our workforce, respectively. We will remain focused on increasing diversity and are committed to building a workforce that reflects the communities in which we operate and the markets from which we recruit.
We also have a policy to promote supplier diversity. We strive to do business with suppliers certified as owned and operated by women, minorities, veterans and physically-challenged or disadvantaged persons, as well as suppliers referred to as small business enterprises. In 2015, about 25 percent of our total spending (not including feedstock or marine charters) was with suppliers who fit these categories.
We invest in many training programs to develop employees at all levels. These programs focus on leadership, management and technical skills, as well as promoting behaviors consistent with our Guiding Principles.
All salaried employees participate in a formal performance review process each year, which provides a systematic framework to measure results and behaviors consistent with our Guiding Principles.
We also offer an educational assistance reimbursement program to those employees seeking to advance their education. In 2015, 140 employees participated in our educational assistance program, which provided more than $530,000 in assistance.
Compensation, Health and Wellness
Providing competitive compensation and rewards packages is critical to attracting, retaining and motivating employees. We incentivize performance by creating a pay-for-performance structure which aligns employee goals with those of the Company.
We provide our employees with wellness resources that focus on physical, emotional and financial topics to help them lead healthier lives – at home and at work. Medical benefits offered to employees include many preventative measures, including annual physical examinations and coverage for preventive care. Tesoro also helps subsidize our employees’ medical costs, which empowers them to proactively manage their overall health.
In 2015, we hosted a number of wellness activities such as walking, blood pressure, and tobacco cessation programs, as well as health fairs and financial wellness workshops.
We offer a scholarship program which helps dependents of our employees pursue higher education. In 2015, the program awarded $200,000 in new scholarships to 50 students. These scholarships are renewable for up to four years. We provided an additional $168,000 in 2015 for students eligible for renewal.