This report analyzes and compares PROSPERITY BANCSHARES' 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
PROSPERITY BANCSHARES has top-notch 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 PROSPERITY BANCSHARES. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: PROSPERITY BANCSHARES believes that career planning of each employee is a key to a successful business and offers great opportunities so that the employees can reach their full potential. PROSPERITY BANCSHARES has great resources at its disposal to achieve this goal.
- COACHING AND MENTORING: PROSPERITY BANCSHARES believes that an excellent coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: PROSPERITY BANCSHARES offers superb development resources to enable its employees to grow on a personal and a professional plan. With access to superb intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: PROSPERITY BANCSHARES has a valuable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: PROSPERITY BANCSHARES offers a wide variety of superior courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by PROSPERITY BANCSHARES to grow as leaders and learn how to make tough calls.
- ONBOARDING: PROSPERITY BANCSHARES offers a remarkable Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, PROSPERITY BANCSHARES implemented a valuable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: PROSPERITY BANCSHARES realizes that continuous education is a key to success so it has an extraordinary Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
|Career planning Benefits|
|Coaching and mentoring Benefits|
|Development resources Benefits|
|GED reimbursement Benefits|
|Leadership programs Benefits|
|Recognition programs Benefits|
|Tuition reimbursement Benefits|
PROSPERITY BANCSHARES offers remarkable 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 PROSPERITY BANCSHARES's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: PROSPERITY BANCSHARES does not offer counseling.
- DENTAL PLAN: PROSPERITY BANCSHARES cares about its team members' dental health so it offers an exceptional 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: PROSPERITY BANCSHARES offers a valuable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: PROSPERITY BANCSHARES does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: PROSPERITY BANCSHARES has a superior healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: PROSPERITY BANCSHARES offers an outstanding maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: PROSPERITY BANCSHARES has implemented a superior telehealth policy for its members to use any time of the day, every single day. PROSPERITY BANCSHARES covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: PROSPERITY BANCSHARES has an extraordinary Vision Plan for its team members who can count on coverage of a wide variety eye exams and procedures, as well as vision-related medical devices.
|Dental Plan Benefits|
|Health Insurance Benefits|
|Health Plan Incentives Benefits|
|Healthcare Spending Accounts Benefits|
|Maternity support program Benefits|
|Vision Plan Benefits|
Team members enjoy valuable financial benefits at PROSPERITY BANCSHARES. 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. PROSPERITY BANCSHARES offers valuable life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect PROSPERITY BANCSHARES to partially cover the expenses.
- 401(K) PLAN: PROSPERITY BANCSHARES knows how important it is to think about retirement and start saving on time. That's why it offers a great 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and PROSPERITY BANCSHARES will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, PROSPERITY BANCSHARES provides resources which will help team members decide what to do with their 401(k) plan. PROSPERITY BANCSHARES offers a great vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: PROSPERITY BANCSHARES has an impressive Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: PROSPERITY BANCSHARES has a good bonus plan that takes into account the individual efforts of a certain team member, as well as the results that those efforts generated.
- CHILDCARE DISCOUNT: PROSPERITY BANCSHARES does not offer childcare discount.
- COMMUTER BENEFIT: PROSPERITY BANCSHARES has a suitable commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: PROSPERITY BANCSHARES has a valuable daycare spending account that fills from each paycheck before taxes. This allows team members to partially cover costs of daycare while they are at work.
- DISABILITY: PROSPERITY BANCSHARES has a great disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a great coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: PROSPERITY BANCSHARES offers an excellent life insurance program. It is one of the best in the country and offers free life insurance for team members. The policy pays up to three years worth of salary to beneficiaries. This excellent life insurance package contains dependent policies as well.
- PAID TIME OFF: PROSPERITY BANCSHARES wants for its team members to lead a happy and fulfilled life so it has a solid 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: PROSPERITY BANCSHARES recognizes the importance of giving back to the community so it offers a solid volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by PROSPERITY BANCSHARES, on volunteer work of their choice.
- PARENTAL LEAVE: PROSPERITY BANCSHARES has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
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|Adoption assistance reimbursement Benefits|
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|Childcare discount Benefits|
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|Daycare flexible spending account Benefits|
|Life insurance Benefits|
|Paid time off Benefits|
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|Parental leave Benefits|
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