Social
Talent Attraction
and Retention

Why It Matters to Us

3-3
Management of material topic
3-3

To become the operator of choice for all stakeholders, we maintain a strong workforce and aim to foster a culture aligned with our mission. Attracting and retaining diverse talent leads to greater innovation and overall success. We rely on a broad range of skills to operate our business, including technical skills to operate and run our well pads and administrative skills to run our business operations. We are steadfast in our commitment to hire, retain, and develop the best and brightest in our industry and aspire to support employees so that they can find purpose and meaning in their roles.

What We Are Doing

3-3
Management of material topic
3-3

We aim to develop an engaged workforce and are focused on creating a modern, innovative, diverse, collaborative, and digitally-enabled work environment where our employees are incentivized to contribute at the highest levels. We aim to attract and retain top talent in our industry through our recruitment process, which highlights our robust benefits package, learning and development opportunities, and technology-driven work environment. 

Our organizational values — Trust, Teamwork, Heart, and Evolution — are ingrained into our company culture. Transparency, integrity, collaboration, and a willingness to look for better ways to operate support our end-goal of producing timely, accurate data to help guide our decisions.

We aim to get the best out of our employees and realize this by fostering growth, listening to their concerns, and valuing their contribution to EQT. We leverage our digital capabilities and programs to recruit talent and promote learning, development, and performance. We also use our digital work environment to engage directly with our employees by sharing company updates, highlighting personnel accomplishments, and soliciting employee feedback. Using internal polls and surveys, employees can provide feedback to management on the technology we use, their work experience, and the overall company culture.

We measure the career development of our employees by tracking personal growth, contributions to value creation, and recognition of individual actions. As we continue to create a purpose driven workforce, we aim to solicit and respond to employee feedback to shape our policies and actions to be the best that we can be.

Attracting Talent

When recruiting talent and promoting job opportunities, we communicate who we are as an organization — a company with a deep history that is a leader in innovation and committed to modernization. Our Human Resources (HR) team seeks to attract talent by showcasing who we are and what we do on our company website, career pages, and social media, including LinkedIn and Glassdoor. Our job opportunities are distributed to numerous job boards and our team is skilled in leveraging LinkedIn for additional sourcing and networking efforts. In 2022, we added a section to our EQT.com Careers page to redirect job seekers to our service providers’ career pages, supporting EQT’s supply chain talent needs. We maintain policies compliant with all federal and local regulations, including the Equal Employment Opportunity Commission and Americans with Disabilities Act, to promote fair and equitable recruiting practices. We also promote career mobility by maintaining Internal Applicant Guidelines.

Our transition to a predominately remote work environment beginning in March 2020 has enabled us to expand our search for talent nationally. Our remote work policy permits all office-based employees (approximately 70% of our workforce) to work remotely, although we do maintain office locations throughout our operating areas and provide shared workspaces at these locations for any employees that desire to work in an office setting. Our remote work policy has allowed our HR team to expand talent searches beyond the geographical boundaries of our operational footprint and to hire skilled and diverse candidates, regardless of where they reside. Approximately 67% of our employees work remotely, with 91% residing in Pennsylvania or West Virginia; however, approximately 20% of our new hires in 2022 reside in states outside of our primary operating area of Pennsylvania, Ohio, and West Virginia. While we continue to seek and hire qualified candidates from our local communities, we anticipate that our flexible work arrangement policies and remote work opportunities will continue to allow us to broaden our talent search beyond our core operating area so that that we have access to diverse, highly qualified talent. Additionally, our remote work policy has enabled us to retain employees who would have otherwise considered leaving our company due to personal or family relocation. We understand that life outside of work is a top priority, and we want to support our employees as they navigate important life transitions.

“I cannot thank enough the EQT executives, my managers, and all the staff who assisted me in a very quick and sudden relocation. My mom passed away unexpectedly, and I had to move back to the west coast to be closer to my family. It was nice not having to worry about finding a new job and finding the time to relocate on top of everything I had to do and get done with my mother’s funeral and as part of my move. The support I received from the entire EQT team, from HR, to IT, to the mail staff, made my relocation smooth every step of the way. I now have the best of both worlds as I got to keep my work family and be with my family to get through this difficult time. It’s why we employees are known as the EQT Qrew family.”
Melody Collins, Accounting Clerk, EQT Corporation

Employee Benefits

401-2
11.10.3
Benefits provided to full-time employees that are not provided to temporary or part-time employees
403-6
11.9.7
Promotion of worker health
401-2
403-6

Ensuring employees have the resources and support they need to live a healthy life is critical for sustaining a workplace of choice. In addition to competitive compensation, we offer a comprehensive suite of employee benefits, including company-subsidized medical, dental, and vision insurance.

We continue to offer comprehensive family benefits, including 80 hours of paid paternity leave and 12 weeks of paid maternity leave for both birth and adoptive parents, in addition to our in vitro fertilization benefit. In 2022, we added a benefit to support the use of a traditional or gestational surrogate in family planning, enhancing our suite of fertility benefits. We aim to support family life, regardless of how our employees’ families grow.

“We recently welcomed our daughter via surrogacy. EQT’s surrogacy reimbursement program allowed us to better prepare ourselves for a sibling journey and extend our desired family. I know as new parents and especially as parents navigating the world of infertility, we appreciate that our company provides an inclusive way to assist employees with starting and expanding their own families. Thank you EQT for providing such a wonderful benefit.”
Morgan Krasa, Project Specialist III Surface Use, EQT Corporation

We also offer flexible work arrangements, paid time off to volunteer, and a vacation donation program where employees can offer paid vacation days to a colleague dealing with a serious personal situation that requires them to take off extended time from work that would not be covered by existing leave benefits. All our employees receive a minimum of four weeks of paid vacation.

Additionally, consistent with our corporate values — Trust, Teamwork, Heart, and Evolution — we maintain an “equity-for-all” program, under which each employee receives an annual long-term equity incentive grant in the form of EQT Corporation restricted stock units. The stock grants under this program are in addition to, and not in lieu of, the existing compensation opportunities for our employees. We believe this program helps promote internal pay equity, recognizes the contributions of all our employees, and enhances our shared culture of success.

2022 Employee Benefits[1] 
Healthcare Insurance Financial Lifestyle
  • Medical*
  • Dental*
  • Vision*
  • In vitro fertilization benefit
  • Surrogacy benefit
  • Life insurance (company paid)*
  • Accidental death and disability (company paid)*
  • Short-term disability (company paid)*
  • Long-term disability (company paid)*
  • Business travel accident (company paid)*
  • Optional life insurance — employee, spouse, child*
  • Relocation assistance
  • Company match on contributions to 401(k) retirement savings (up to 6% of eligible compensation)*
  • Company contribution to 401(k) retirement savings (3% of eligible compensation)*
  • Employee Stock Purchase Plan*
  • Equity for All employee stock grant program*
  • Health Savings Account*
  • Credit Union*
  • Severance pay
  • Minimum four weeks paid time off
  • Education assistance program
  • Flexible work arrangements and optional 9/80 work schedule
  • Paid leave of absence
  • Extended unpaid leave of absence
  • Vacation Donation Program
  • Employee Assistance Program*
  • Extended family and medical leave (includes maternity/paternity leave)
  • Adoption benefit
  • Infertility benefit
  • Commuter reimbursement accounts*
  • Wellness programs*
  • Foundation Donation Program
  • Matching gift program — 100% match up to $50,000 per year
  • Fully remote work and relocation opportunities

Employee Wellness

We also offer the EQT Take Charge wellness program, sponsored by one of our health service providers. Take Charge offers personal health coaching, wellness information, health management programs, newsletters, and employee educational sessions conducted by medical professionals during work hours. The program is designed to aid employees and their families in managing personal health and wellness issues. In addition, we contribute $750 annually to each employee’s Health Savings Account, with additional opportunities for company-contributions upon the completion of a wellness coaching conversation or other wellness initiatives. In 2022, employees were not required to complete any steps to receive the $750 company-provided health savings account contribution, making it easier for our employees to access this benefit.

We believe that supporting our employees’ mental wellbeing is as important as supporting their physical health. Complementing Take Charge is our Employee Assistance Program, which offers additional wellness and lifestyle services. Our Employee Assistance Program includes confidential short-term counseling and treatment programs and referrals to providers with expertise in family and relationship counseling, elder care, money management, and legal counseling. We pay in full for up to five in-person counselor visits. Any employee, including part-time employees and those who waive our medical coverage, and anyone living in an employee’s household, can take advantage of the Employee Assistance Program and its additional resources.

We protect our employees’ privacy by ensuring that individual results remain confidential and third-party providers supply only aggregated information for analysis purposes.

Employee Engagement

Most of our employees worked remotely in 2022 but continued to remain connected through various virtual and in-person events such as Town Hall meetings, where our employee base could engage in direct dialogue with management, and holiday parties. We also hosted our annual Evolution Day event with our entire employee base to celebrate the evolution of our company and to serve as a reminder of our corporate mission and purpose. During Evolution Day, our employees participated in volunteer events in the communities where they live and work, with social events following the volunteer activities. We also hosted virtual volunteer opportunities for employees who could not join in person. Our Chief Executive Officer traveled to the volunteer events, picnics, and sites to meet with employees.

To encourage transparency and a sense of community from the top down, our Chief Executive Officer hosts question and answer sessions with our entire employee base at least once each quarter to discuss our strategy, recent accomplishments and upcoming events. In 2022, we began hosting employee debrief meetings immediately after our public earnings calls to discuss company performance and answer questions. We actively explore ways in which technology can help us build and sustain our winning culture. We are committed to keeping our employees engaged, retained, and enthusiastic about the work we do.

Three EQT employees work at a volunteer event.

Employee Development

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11.7.3, 11.10.7
Programs for upgrading employee skills and transition assistance programs
404-2

During an employee’s tenure with EQT, we aim to provide the resources needed to enhance their skills and knowledge and to promote a culture where employees feel empowered to advance their education and career. Beginning with our new-hire orientation, employees learn about our culture, organization, benefits, performance expectations, and other available resources to help them succeed from their first day of employment. Orientation also reinforces our commitment to workplace safety, ethical conduct, and environmental stewardship. Our employee onboarding for non-field personnel is offered 100% online through Salesforce Trailhead, which has received positive feedback from recent new hires. Following orientation, employees receive additional mandatory and task-specific training, as needed, to develop the skills necessary to perform their job tasks safely and effectively. Employees also can participate in various seminars, workshops, and certification programs as we aim for employees to remain continually prepared so they can perform their job tasks at the highest level.

Employees routinely collaborate with their managers or supervisors to identify other appropriate training opportunities as they grow their careers. Employees have access to digital learning modules, which offer development opportunities covering a wide range of topics, such as supporting work-life balance, working on cross-functional teams, and developing habits for improving performance. In 2022, we launched a “Skill Bank” where employees are asked to identify the skills required to do their job and then can claim proficiency in the appropriate skills, allowing employees to track their development alongside their managers. Additionally, we launched four new learning paths with curated learning and development content to support employees in various employee groups including production employees, new employees, individual contributors, and managers.

Some employees may seek to expand their formal education by leveraging our Tuition Reimbursement Program, which provides financial assistance to those who enroll in approved degree programs and satisfy established grade requirements. Our Tuition Reimbursement Program reimburses 100% of eligible education expenses up to $5,250, and 70% of all subsequent eligible education expenses. The program covers undergraduate and graduate programs and online programs, provided a business case can be made for why program completion will benefit both the employee and EQT.

We conduct quarterly performance reviews to promote a culture of ongoing feedback for all employees. In addition, employees participate in formal development planning with their direct managers to discuss aspirations and development gaps in experience and/or skillsets. These discussions are intended to foster success in the employee’s current role and identify additional responsibilities and opportunities. The review process also allows employees to rate the effectiveness of their performance review in their overall professional development and career growth.

As our employees near the end of their careers, we also provide training and additional resources to aid them in their transition from active employment. Our independent 401(k) plan administrator offers online courses, one-on-one meetings, and telephone advice about financial planning and retirement options. We also help retiring employees navigate the digital health insurance marketplace as they seek to transition their health insurance providers.

Diversity and Inclusion

405-1
11.11.5
Diversity of governance bodies and employees
405-1

We passionately believe that diversity of backgrounds, education, and skillsets among our employees supports a successful workforce and improved performance. We strive to recruit the best available talent, including qualified candidates from historically marginalized groups such as people of color, veterans, disabled persons, and members of the LGBTQ+ community and candidates from all age groups and genders. We continue to work with Diversity Pennsylvania and other organizations committed to growing diverse workplaces to promote our job openings and support a diverse applicant pool.

Our “Modern Intern” program offers 100% virtual internships and aims to attract and build our diverse talent pipeline. Each year, we survey our department managers to understand which of our departments are best suited to host interns and identify top national, local, and diversity programs to attract a diverse pool of intern candidates. We continue to receive positive feedback from our internship cohorts. The majority of our 2022 intern class responded that their EQT internship experience either exceeded or greatly exceeded their expectations. Approximately 22% of the interns that participated in our 2022 intern program were racially diverse and 44% were women. We believe the implementation of virtual internships will enable us to continue to attract talent from more diverse geographies and involve more students in the energy industry in the future. We hope to grow the pool of diverse candidates interested in our industry by providing learning programs and opportunities to visit our sites to students in local school districts. Our intent is for initiatives such as these to foster students’ interest in potential careers in our industry and with us, growing our diversity organically.

Our digital work environment enables us to connect individuals across EQT and promote inclusivity. Employees use our digital work environment to message one another, discover shared connections with colleagues, and post articles, comments, and photos. Employees have indicated that they feel more connected and included within their department and at EQT than they did prior to the implementation of our digital work environment.

Furthermore, we believe that our flattened organizational structure enables more employees to be recognized individually for the value they create. Employees routinely collaborate with leaders and personnel outside of their department, gaining increased opportunities for learning and exposure and furthering their career development. In 2022, we created a dashboard within our digital work environment to track internal promotions by racial diversity and gender, allowing us to assess our performance in supporting career progression of historically marginalized individuals in the natural gas industry.

While headwinds exist in growing our diverse employee base, both in low-turnover limiting opportunities to attract more diverse candidates and operating in a region that does not have a significant workforce from underrepresented racial groups, we are focused on improving. We believe that our flexible work approach and remote work practices will support our efforts to improve our workforce diversity. In 2022, 27% of our new hires were women and 10% identified as being part of a historically marginalized racial group.

For information on the diversity breakdown of our Board of Directors, see Corporate Governance.

2022 Employee Diversity[2]

Gender

2022 EMPLOYEE DIVERSITY
Gender
Target
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%

6

1

5

 

16

1

15

 

144

29

115

 

452

120

332

 

294

69

225

 
 
Executive
Officers
 
Senior
Management
 
Supervisors/
Managers
 
Exempt
Professionals
 
Non-Exempt
Professionals
Female
Male

Age

Age
Target
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%

6

5

1

 

16

13

3

 

144

2

117

25

 

452

24

368

60

 

294

42

191

61

 
 
Executive
Officers
 
Senior
Management
 
Supervisors/
Managers
 
Exempt
Professionals
 
Non-Exempt
Professionals
Under 30
30–50
>50

Racial Diversity

Other Indicators
Target
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%

6

6

 

16

2

14

 

144

4

140

 

452

31

421

 

294

15

279

 
 
Executive
Officers
 
Senior
Management
 
Supervisors/
Managers
 
Exempt
Professionals
 
Non-Exempt
Professionals
Minority
Non-Minority

Equitable Pay

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11.11.6
Ratio of basic pay salary and remuneration
405-2

As transparency and accountability are cornerstones of garnering trust with our stakeholders, we began disclosing our gender pay ratios in accordance with Global Reporting Initiative standards in 2019.

Gender Pay Ratios (women:men)
  2020 2021 2022
Executive Officers 0.745:1 0.741:1 0.741:1
Senior Management 0.865:1 0.906:1 0.938:1
Supervisors/Managers 0.941:1 0.947:1 0.949:1
Exempt Professionals 0.822:1 0.807:1 0.815:1
Non-Exempt Professionals 0.870:1 0.851:1 0.835:1

We aim to provide fair and equitable pay that is in line with market rates for our industry and operating region. Given our goal of maintaining a flat organization, our compensation structure is market-based with compensation tailored to competitive rates focused on job‑specific duties and scope of responsibility, as opposed to compensation being based upon an employee’s title or level within the organization. Market rates based on job responsibility vary significantly, which is why regulatory agencies typically look at compensation related to responsibility as opposed to title. In a flat organization, similarly titled employees can have significant variation in market compensation. The pay gaps noted in the chart above can be attributed to the small numbers of women to men in each of the broad categories provided and differences in market rates among roles within each of such categories.

[1] All benefits listed are provided to employees regardless of where they reside based on full-time employment equivalency status. Benefits marked with an “*” are not available to part-time employees. For purposes of benefits eligibility, an employee is considered full-time if the employee is scheduled to work for at least 20 hours each week.

[2] Minority population includes American Indian/Alaska Native, Asian, Black/African American, Hispanic, or Latino, or any employee disclosing two or more races.

How We Are Doing

3-3
Management of material topic
401-1
11.10.2
New employee hires and employee turnover
3-3
401-1

Our HR team reviews and evaluates our employment and diversity and inclusion programs on a regular basis. During these evaluations, we confirm compliance with applicable laws and regulations and assess whether our programs remain competitive with the external labor market and align with our values. When reviewing our programs, we consider the following:

  • Feedback from exit interviews
  • Annual employee engagement surveys
  • Internal feedback provided by our workforce through our digital work environment
  • Turnover rate
  • Internal assessments of diverse representation
  • Internal assessments of compensation and benefit plans
  • Benchmarking of peer companies in our industry
  • External employee ratings and reviews

EQT was named a National Top Workplace by Energage for the third consecutive year and one of Pittsburgh’s Top Workplaces in 2022.

All our employees received at least one formal performance review in 2022. We believe our quarterly reviews and varying types of review processes help employees have proactive conversations with their supervisors, identify areas for growth and engagement, and obtain comprehensive feedback.

We also leverage succession planning to identify and mitigate human capital risks. Our management team reviews these evaluations and may adjust existing programs or develop plans to address any areas of concern that arise.

In 2022, we hired 105 new employees across our operations to meet the demands of our growing business.

New Hires

Gender

Gender
Target
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%

45

29

16

 

137

111

26

 

105

77

28

 
202020212022
Male
Female

Region

Region
Target
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%

45

41

1

1

2

 

137

111

7

16

3

 

105

64

18

2

9

12

 
202020212022
Pennsylvania
West Virginia
Ohio
Texas
Other

Age

Age
Target
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%

45

8

32

5

 

137

11

106

20

 

105

33

67

5

 
202020212022
Under 30
30–50
>50

Race and Ethnicity[1]

Race and Ethnicity
Target
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%

45

6

39

 

137

9

128

 

105

10

95

 
202020212022
Minority
Non-Minority

For full-time employees, we offer two weeks of paid leave for fathers and 12 weeks of paid leave for mothers following the adoption or birth of a child (including through surrogacy). We offer similar benefits to part-time employees on a pro-rated basis. Our retention rate for employees taking parental leave in 2022 was 96%.

2022 Parental Leave
401-3
11.10.4, 11.11.3
Parental leave
401-3

 

Male

Female

Total

Eligible

554

186

740

Not eligible

0

0

0

Took parental leave

38

16

54

Returned to work

38[2]

15[3]

53

Return to work rate

100%

94%

98%

Retention after 12 months[4]

37

15

52

Retention rate

97%

94%

96%

2022 Voluntary Turnover

Region

Region
Target
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%

39

29

7

3

 
2022
Pennsylvania
West Virginia
Texas
Other

Gender

Gender
Target
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%

39

27

12

 
2022
Male
Female

Age

Age
Target
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%

39

4

24

11

 
2022
Under 30
30–50
>50

[1] Minority population includes American Indian/Alaska Native, Asian, Black/African American, Hispanic, or Latino, or any employee disclosing two or more races.

[2] Includes one employee who was still on leave as of December 31, 2022.

[3] Includes eight employees who were still on leave as of December 31, 2022.

[4] As a result of a change in our employee data service provider in 2022, we are unable to determine if employees that took parental leave in 2021 who returned to work were still employed with EQT as of as of December 31, 2022. Data provided is based on employees that took parental leave in 2022 who are still employed with EQT as of as of December 31, 2022. Includes nine employees (one male and eight female) who were still on leave as of as of December 31, 2022.


Qrew Camp

In 2022, we developed and hosted a new program called “Qrew Camp,” a two-day, immersive experience for rising 8th and 9th grade students, and their parents, to learn more about the natural gas industry and career opportunities in the field. Students were educated on different aspects of our drilling and production process, as well as the career paths of our employees. Held in an informal setting, students and their parents were able to engage with our team and dig deep into processes and techniques used in the industry. Attendees were also taken to active well locations, where they were able to witness, up close, our drilling and completions processes in person. Students were invited to tour our production control room and meet our technical experts, as well as hear from representatives in the trades about other career paths in roles parallel to those at EQT. We received overwhelming support from participants and plan to host similar programs on an annual basis.

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