Portola recognizes optimal performance with a variety of rewards. Our competitive total rewards program includes a selection healthcare insurance programs, income protection coverage, and tax savings options. Our compensation programs include competitive salary, equity participation, potential annual bonus incentives, and paid time off.
Health and Welfare 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 families achieve and maintain optimal health. Our HMO and PPO coverage options provide 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.
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 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 two 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 bi-weekly basis, personal/floating time, and 10 paid holidays.
Portola’s compensation philosophy links your pay to company and individual performance, which is central to continued success. Our Total Rewards Program allows for a compensation increase when you and the company perform well.
Our stock purchase program allows those that participate the opportunity to purchase shares of Portola stock at a discount. Employees are allowed contribute up to 25% of their earnings (IRS contribution limit is $25,000 per year)
We offer all newly hired employees a stock option grant. After the new-hire grant, additional stock options may be granted annually according to your individual performance and company performance.