This report analyzes and compares TARGA RESOURCES PARTNERS' employee health insurance and employee benefits with its industry and in Texas State.
Providing a smart employee benefits package is critical for attracting top talent and retaining valuable employees. Today, employee benefits play a vital role when candidates consider accepting a job offer.
Many companies offer today over-the-top perks, like yoga classes, haircuts, catered meals, and acupuncture. In this report, we focus however on traditional benefits. It's a work in progress that we will expand and update on a regular basis.
This report contains the following sections
Career benefits
TARGA RESOURCES PARTNERS has superb career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the TARGA RESOURCES PARTNERS. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: TARGA RESOURCES PARTNERS offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, TARGA RESOURCES PARTNERS makes sure that every single team member takes the full advantage of first-class career planning programs.
- COACHING AND MENTORING: By using a solid coaching and mentoring program, TARGA RESOURCES PARTNERS can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: TARGA RESOURCES PARTNERS encourages its team members to work on their existing skills and gain new ones continually. By providing suitable development resources, TARGA RESOURCES PARTNERS supports their team members on their journey to perfection. Employees have a wide range of suitable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: TARGA RESOURCES PARTNERS has a remarkable policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: TARGA RESOURCES PARTNERS believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that TARGA RESOURCES PARTNERS provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: Whether the newcomer is an entry-level employee or a seasoned manager, coming to a new place of work is never easy. That's why TARGA RESOURCES PARTNERS offers an outstanding Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, TARGA RESOURCES PARTNERS implemented a suitable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: TARGA RESOURCES PARTNERS has a valuable Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | TARGA RESOURCES PARTNERS | Industry | Texas |
|---|---|---|---|
| Career planning Benefits | |||
| Coaching and mentoring Benefits | |||
| Development resources Benefits | |||
| GED reimbursement Benefits | |||
| Leadership programs Benefits | |||
| Onboarding Benefits | |||
| Recognition programs Benefits | |||
| Tuition reimbursement Benefits |
Healthcare benefits
TARGA RESOURCES PARTNERS offers superior health benefits to its employees, of which some can be used by employee's family members. Besides an affordable healthcare insurance and a dental plan that includes recounstruction surgery, team members can enjoy TARGA RESOURCES PARTNERS's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: TARGA RESOURCES PARTNERS wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its superior counseling program enables the team members to talk with experts 24/7. Employees can receive practical fitness and nutritional tips, talk about their problems, and learn effective techniques for dealing with stress and anxiety. Team members can count on confidentiality at all times.
- DENTAL PLAN: TARGA RESOURCES PARTNERS cares about its team members' dental health so it offers an extraordinary dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
- HEALTH INSURANCE: TARGA RESOURCES PARTNERS provides an excellent health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, TARGA RESOURCES PARTNERS offers great health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: TARGA RESOURCES PARTNERS offers an outstanding healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, TARGA RESOURCES PARTNERS has created a superior maternity support program to support its expecting team members.
- TELEHEALTH: TARGA RESOURCES PARTNERS has an extraordinary telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: TARGA RESOURCES PARTNERS offers a solid Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | TARGA RESOURCES PARTNERS | Industry | Texas |
|---|---|---|---|
| Counseling Benefits | |||
| Dental Plan Benefits | |||
| Health Insurance Benefits | |||
| Health Plan Incentives Benefits | |||
| Healthcare Spending Accounts Benefits | |||
| Maternity support program Benefits | |||
| Telehealth Benefits | |||
| Vision Plan Benefits |
Financial benefits
Team members enjoy valuable financial benefits at TARGA RESOURCES PARTNERS. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. TARGA RESOURCES PARTNERS offers valuable life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect TARGA RESOURCES PARTNERS to partially cover the expenses.
- 401(K) PLAN: TARGA RESOURCES PARTNERS does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: TARGA RESOURCES PARTNERS has a solid Adoption Assistance Reimbursement program that pays certain fees associated with the adoption process. With this program, the employees can rest assure that at least some of the costs will be covered.
- BONUS PAY: TARGA RESOURCES PARTNERS offers first-class bonuses to team members who excel in their field of work, provide extraordinary results for TARGA RESOURCES PARTNERS, and encourage others to do the same.
- CHILDCARE DISCOUNT: TARGA RESOURCES PARTNERS offers a good discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: TARGA RESOURCES PARTNERS acknowledges the fact that some team members have high commuting costs so it offers them top-notch commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: TARGA RESOURCES PARTNERS offers a remarkable daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
- DISABILITY: TARGA RESOURCES PARTNERS offers a top-notch short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: TARGA RESOURCES PARTNERS offers a valuable life insurance policy to its team members for an affordable price. TARGA RESOURCES PARTNERS participates with 50% of the costs of the policy which makes it enticing for employees to buy it. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.
- PAID TIME OFF: TARGA RESOURCES PARTNERS wants for its team members to lead a happy and fulfilled life so it has a great vacation policy for every employee. The number of paid vacation days depends on how long has a certain member been part of the team.
- PAID VOLUNTEER TIME OFF: TARGA RESOURCES PARTNERS has a superb volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, TARGA RESOURCES PARTNERS stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: TARGA RESOURCES PARTNERS has a superior parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | TARGA RESOURCES PARTNERS | Industry | Texas |
|---|---|---|---|
| 401(k) plan Benefits | |||
| Adoption assistance reimbursement Benefits | |||
| Bonus pay Benefits | |||
| Childcare discount Benefits | |||
| Commuter benefit Benefits | |||
| Daycare flexible spending account Benefits | |||
| Disability Benefits | |||
| Life insurance Benefits | |||
| Paid time off Benefits | |||
| Paid volunteer time off Benefits | |||
| Parental leave Benefits |
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