Best Places to Work in IT 2017 Employer Profile

No. 18, Large

Principal Financial Group

Des Moines, Iowa [North Central]
Principal Financial Group
Credit: Peter Erickson

Why you want to work there

Principal Financial Group is committed to innovation and professional development and emphasizes an approach that involves experimentation, learning from successes and failures, and applying the lessons learned to further experimentation. In an effort to empower its IT workers to develop innovative new solutions, this Des Moines-based financial investment management firm has adopted agile/SAFe methodologies and has people work in self-governing teams to increase employee autonomy and move decision-making to those who are closest to the information. Principal provides formal professional development programs, but the company also believes that its culture offers IT employees numerous informal opportunities for growth.

Employee Statistics

Total U.S.-based employees: 10,050

Total U.S.-based IT employees: 1,779

IT employee turnover in 2016: 5%

IT promotions in 2016: 8%


Training days offered per IT employee in 2016: No set maximum

Training budget per IT employee in 2016: $618

PTO and Healthcare

Days of paid time off after one year of service: 21

Days of paid time off after 10 years of service: 26

Percentage of employee health insurance premium paid by employer: 80%