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Employees are Key Stakeholders
ChevronTexaco's approximately 53,000 employees are critical to the company's success. ChevronTexaco seeks to provide employees with meaningful work, fair compensation, opportunities to develop skills and knowledge, and honest and regular feedback on their performance. ChevronTexaco also strives to provide a work environment in which all employees are treated with respect and dignity.
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| ChevronTexaco employees in California's San Joaquin Valley. |
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Approximately 43 percent of ChevronTexaco employees are in North America, 26 percent in Asia-Pacific, 14 percent in Africa, 9 percent in Europe and the Middle East, and 8 percent in South America. In the United States, approximately 11 percent of ChevronTexaco's U.S. work force is unionized.
Managing Work Force Issues
In 2002 we launched the ChevronTexaco global People Strategy, which focuses on creating a global work force, valuing and managing diversity, developing leaders and managing talent. The strategy is designed to help us attract and retain the employees we need to achieve our business goals. ChevronTexaco's executive-level Human Resources Committee oversees our worldwide employee relations policies, programs and performance. Individual operating companies and corporate departments have Personnel Development Committees to manage work-force issues for their respective organizations.
Historically, Chevron and Texaco conducted periodic surveys to gauge employees' satisfaction, commitment to the company and opinions on a range of other issues. Both worldwide surveys and localized or "pulse" surveys were used. In 2004, we plan to conduct our first worldwide employee survey since the merger. The results of this survey will be an important indicator of our performance in employee relations and will serve as the baseline for tracking our performance over time. In the future, we intend to conduct regular employee surveys and report their major findings.
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