Portola recognizes individual performance with a variety of rewards. Our competitive Total Rewards program includes a selection of healthcare insurance, health and wellness programs, retirement planning and income protection coverage. Our compensation programs include competitive salary, equity participation, potential annual bonus incentives and paid time off.
Health and wellness programs
Portola offers a variety of medical plans that keep cost and choice in mind while providing an array of services that help you and your family achieve and maintain optimal health. Our HMO and PPO coverage options offer a network of providers for California-based and out-of-state employees. In addition to our medical programs, Portola offers dental and vision coverage to employees and their families.
Health and Wellness Programs
Your well-being, productivity, and happiness depend on balancing your life at home and your life at work. Our Employee Assistance Program helps you address life’s daily challenges, like preventing identity theft, parenting, education, financial and legal questions, addiction and recovery, and emotional health.
Income Protection Programs
All full-time employees receive company-paid life insurance coverage up to 2 times their annual salary. In case of a loss of income due to a disability, employees are insured for short-term and long-term disability. In addition, sick leave is offered to all employees.
Portola offers a tax-deferred retirement savings plan through its 401(k) program. Beginning on the first day of the month following the date of hire, participating employees are eligible to contribute a percentage of their pre-tax income from a variety of Fidelity’s professionally managed funds. In addition, we offer a modest annual match, based on company performance.
For additional tax savings, we offer health and dependent care reimbursement programs that allow employees to set aside a portion of their salary on a pre-tax basis to pay for qualified health and dependent care expenses.
Portola offers all employees time away for rest and relaxation, including paid vacation time accrued on a biweekly basis, personal/floating time, and 10 paid holidays, including an end-of-year holiday shutdown. All employees are also eligible for a week of sick time upon hire.
Compensation and stock purchase program
Portola’s compensation philosophy links your pay to company performance and individual performance, which is central to our continued success. Our Total Rewards Program allows for a compensation increase when you and the company perform well.
Our stock purchase program allows those who participate with the opportunity to purchase shares of Portola stock at a discount. Employees are allowed to contribute up to 20% of their earnings (IRS contribution limit is $25,000 per year).