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Employer Profile

No. 49
Principal Financial Group Inc.
Des Moines [North Central]
Why You Want to Work There
For IT employees at this financial services provider, working additional hours or alternate work schedules, or being on-call to solve problems or answer questions, goes with the territory. In return for their flexibility, the Des Moines-based company offers technology and benefits programs so employees can achieve better work/life balance. Programs include flexible work arrangements/flexible hours, so employees can start or end the workday earlier or later than usual; flexible lunch hours, so employees can extend their lunchtimes to attend appointments, run errands or exercise; and make-up time, where employees take time off during a normal workday and make it up during the same workweek. The company also offers telecommuting, for all or part of a day or week as part of their regular work schedule; compressed workweeks, through which employees may work 40 hours in fewer than five days; and job sharing, under which two employees share one position, alternating work days/hours. The company also offers part-time schedules for employees who want to reduce their work schedules. Employees also have access to traditional leave programs and a wide variety of time-off programs, including personal time off, bought time off, volunteer time off, working caregiver leave and adoption leave. Cash is king: Through PrinPay, all full- and part-time nonexecutive employees are eligible for awards ranging from 4% to 30% of salary. Leaders can nominate employees for discretionary retention awards, which recognize extraordinary contributions/special achievements and are designed to reward strong performers.
Rank by company size Large, No. 29
Employee Statistics
Total employees 11,504
Total IT employees 1,915
IT employee turnover in 2009 8%
IT employee promotions in 2009 1%
Training
Training days offered per IT employee in 2009 2
Training budget per IT employee in 2009 $340
Women in IT
Total percentage of women within IT 45%
Percentage of IT managers who are women 44%
Percentage of IT staff who are women 45%
Minorities in IT
Total percentage of minorities within IT 8%
Percentage of IT managers who are minorities 5%
Percentage of IT staff who are minorities 9%