Compensation and Benefits
We offer a competitive and integrated total rewards package designed to attract, motivate and retain the best and brightest.
Dominion’s compensation package includes a combination of base pay, annual incentives and long-term incentives designed to reward strong performance. We benchmark our compensation package against peer companies to make sure it is fair and equitable, competitive and aligned to support our business objectives. We also negotiate in good faith with union leaders regarding the employment terms and conditions of employees represented by unions.
Annual Incentive Plan
The company’s Annual Incentive Plan (AIP) is designed to provide a clear line of sight from individual employee performance to the company’s financial results – and reward employee contributions to Dominion’s success.
The AIP is a cash-based program focused on short-term goal accomplishment. It is designed to link the interests of our customers, shareholders and employees. The AIP also helps reinforce the importance of Dominion’s core values and focus the workforce on corporate, operating group, team and/or individual goals.
Employees can monitor the status of their goal performance throughout the year using a convenient online tracking system implemented in 2011.
Financial rewards are not the only ones that matter to employees. We also offer a comprehensive suite of benefits that fit different needs and lifestyles, as described above.