News Release
NuStar Ranked No. 37 on the List of Fortune’s 100 Best Companies to Work For
NuStar is one of only two energy companies on the magazine’s 20th
annual top employer list, and the only other
“NuStar had another solid year in 2016 despite the downturn in the
energy industry, and we owe all of our success to our employees,” said
NuStar President and CEO
“Of course, all of this is possible because of the special caring and sharing culture created by our Chairman of the Board Bill Greehey,” Barron added. “As he always says, if you take care of the employees, they will take care of our company, unitholders, customers and communities. Our employees proved that to be true again last year, as we achieved our financial goals; had one of our best years ever in terms of health, safety and environmental performance; executed our growth projects on-time and on-budget; and donated a record amount of time and money to worthy causes in our communities.”
NuStar was selected among hundreds of companies vying for a place on the
list this year. Applicant companies opt to participate in the selection
process, which includes an anonymous employee survey and an in-depth
questionnaire about their programs and company practices.
Some of the considerations in NuStar’s selection for the 100 Best honor include the company’s employee benefits plan, which has been rated the best in its industry by top human resources consultants; its reward and recognition programs; commitment to volunteerism and charitable giving; and special corporate culture. NuStar offers all-employee bonuses; a retirement savings plan that includes a 401(k) match of 100 percent up to 6 percent of pay and a company-funded pension plan; a health and wellness program; and much more. The company also has never had a layoff in its history, and instills in employees the philosophy that if they do a good job, they will always have a good job.
“Congratulations to the 2017 100 Best,” said
About
About The Fortune 100 Best Companies To Work For®
To identify the 100 Best Companies to Work For®, each year Fortune
partners with
Winning a spot on this list indicates the company has distinguished itself from peers by creating a great place to work for employees – measured and ranked through our analysis of the results of our Trust Index© survey and Culture Audit© questionnaire.
Through the Trust Index©, employees anonymously assess their workplace, including the honesty and quality of communication by managers, degree of support for employees' personal and professional lives and the authenticity of relationships with colleagues. Results from the survey are highly reliable, having a 95% confidence level and a margin of error of 5% or less. Companies' results on the Trust Index© survey are compared to peer organizations of like size and complexity. The Culture Audit© includes detailed questions about benefits, programs and practices.
About
View source version on businesswire.com: http://www.businesswire.com/news/home/20170309005957/en/
Source:
NuStar Energy, L.P., San Antonio
Investors, Chris Russell,
Treasurer and Vice President Investor Relations
Investor Relations:
210-918-3507
or
Media, Mary Rose Brown, Executive Vice
President,
Corporate Communications: 210-918-2314
website: http://www.nustarenergy.com