A critical element of employee wellbeing is attributed to maintaining a balance between work and personal life, particularly as the world continues to adjust to the demands and stresses of COVID-19. TPL supports a working environment that accommodates this balance. Our workforce exhibited continued dedication and excellence to their roles and responsibilities during COVID-19, and as such the Company decided to maintain these programs today and will do so for the foreseeable future. Remote working, including enhanced work-from-home solutions and additional flexible hours, have proven to bring value to our employees’ work-life balance, while also promoting mental health within the workforce.
TPL has core working hours in which employees need to be present to support colleague engagement, innovation, and productivity. Depending on the role of the employee, TPL supports our workforce joining remotely as long as expected roles and responsibilities are managed.
Wellness also includes providing competitive mental health coverage to ensure our employees have the resources they need to promote their wellbeing. Our medical coverage supports mental health treatment, including wellness programs and access to employee assistance programs.
Compensation and Benefits
To foster the health and wellbeing of our employees and their families, we offer all of our full-time employees access to financial, health and wellness programs, including:
- A compensation philosophy emphasizing performance goals
- A 401(k) plan with company match incentives
- Paid time off for holidays, personal days, and vacations
- Heavily subsidized full medical insurance coverage for all full-time employees and their families
As part of TPL’s benefit program, the Company provides employees and their families access to our Employee Assistance Program. We also provide short-term and long-term disability insurance, maternity and paternity paid leave, paid and unpaid leaves of absences, and spousal and dependent care programs. At TPL, it is our responsibility to support the physical and mental health of our workforce. These programs are in place to address the variety of circumstances that impact the wellbeing of our employees. Additionally, the Company has a Wellness Room that provides personal space to employees when needed, particularly nursing mothers. We also have a newly constructed game room—stocked with free snacks and beverages—to help employees step away from work, to mentally and emotionally detach, and connect with their colleagues.
Employee Engagement, Education, and Professional Growth
To attract and retain talent, we support the professional development of all of our employees with a variety of opportunities for personal growth, including training, education support, mentorship programs, and internship opportunities. Some of our notable achievements include:
- All employees participate in our employee performance reviews —employees and managers to cover goals, development opportunities, strengths, and weaknesses
- All employees have access to applicable tuition reimbursement and continuing-education classes
- TPL hosts team recognition events, allowing employees to feel connected to leadership -- team members experience a sense of appreciation that builds TPL’s culture, and;
- During COVID-19, TPL prioritized continued contact and engagement with its employee base, including weekly department meetings that acted as a touch point for employees in a remote setting, facilitating support, team integration, and professional engagement.
TPL encourages the professional development of all of our employees through a variety of opportunities that drive personal growth, including training, education support, mentorship programs, and internship opportunities.
Our commitment to professional development is what helps TPL keep the best talent in-house, reflected by our employee retention and low turnover rates. We also engage in annual Employee Satisfaction Surveys to help TPL management understand how the organization can retain critical talent and continue developing the professional skillsets of our workforce. It also allows the broader employee base to provide feedback and observations to TPL’s leadership team, enhancing our culture and proactively addressing opportunities for improvement.
Diversity in the Workforce
We are committed to enhancing gender, racial, and ethnic diversity throughout our organization. We believe that diversity is an important factor in bringing people together, encouraging shared commitment, and fostering new ideas. We are actively reviewing and exploring the Company’s organizational dynamics to cultivate a more diverse workforce. To do so, the Company is looking at the holistic dimensions of diversity-- such as culture, age, generation, professional and life experience -- and incorporating these considerations into meaningful strategies and a roadmap for the future.
Providing a safe, inclusive working environment for our employees and contractors is a top priority for TPL. Our Code of Business Conduct and Ethics provides the foundation and framework for a business environment where discrimination and harassment of any kind is not tolerated, and all people are treated with dignity and respect.
TPL provides equal opportunity for all employees and consultants regardless of race, religion, gender, sexual orientation, age, ethnic or national origin, social origin, disability, family status, or any other protected status and personal characteristics for all aspects of employment, including recruitment and talent attraction, training and professional development opportunities, promotions, and all employee benefits. Our Policy on Reporting Concerns facilitates an anonymous option to report a violation, even on the behalf of another colleague—this is done through our Whistleblower Hotline. TPL is legally obligated to investigate any submissions and take immediate, appropriate action. This policy provides the foundation for the Company to maintain a productive and engaged working environment, inspiring confidence in the workforce that TPL remains committed to equality and respect.
Texas Pacific mandates trainings to ensure our workforce remains tolerant and respectful of colleagues and peers. The company requires the annual completion of the following trainings:
- Anti-Harassment and Anti-Discrimination
- Diversity Equity and Inclusion
- Anti-Bribery & Antitrust and Workplace Ethics
Texas Pacific is in compliance with applicable employment codes and guidelines, including ADA, Equal Opportunity Employment, Nondiscrimination, Anti-Harassment and Nonretaliation codes.