We conduct external surveys to ensure that our total compensation offering is competitive. Our total compensation package consists of a base salary, benefits and incentive programs designed to recognize and reward individual, business unit, and company-wide performance. Our benefits programs include benefits such as health and dental care, parental leave, flexible work schedules, life insurance, and other forms of financial or non-financial compensation.
We maintain defined benefit and defined contribution pension plans in Canada and in the United States. The majority of employees are members of defined contribution pension plans. We also maintain health care plans and life insurance benefits for retired employees.
As Agrium becomes a more global company, we realize that we need to continually attract people with international experience. In fact, we feel that our global breadth attracts the broad-minded professionals we believe can help Agrium continue to provide solutions to global issues. We offer several programs to attract young employees, including internships and rotation programs for new graduates entering our finance function, Engineer-in-Training, and marketing and sales roles.
Every 18-24 months we survey our employees on a number of subjects to gauge overall employee engagement. The survey includes 72 questions grouped in eight categories, addressing such issues as communications, development opportunities, compensation and others.
Based on employee feedback in the last survey, Agrium will focus on two areas: career development and performance management. Leaders throughout the company are communicating survey results with their teams, and developing action plans to address concerns.