Best Places to Work in IT 2009 Employer Profile

No. 33

Principal Financial Group Inc.

Des Moines, Iowa [North Central]

Why you want to work there

It's all about flexibility at this financial services provider in Des Moines. Because IT employees might be asked to work additional hours, follow alternate schedules or be on call outside of normal working hours, the company offers a variety of flexible work programs. Among other things, Principal Financial offers flexible hours and compressed workweeks, plus telecommuting, job-sharing and part-time employment opportunities. It also has an arrangement called the Makeup Time program that allows employees to take time off during a normal workday and make it up during the same workweek. Options for taking time off include traditional leave programs and a wide variety of alternatives, including personal time off, bought time off, time off for volunteer work, working caregiver leave and adoption leave. Requests for transfers are a common part of employees' development plans; IT professionals can request to work on a specific type of project within their current team, or they can ask to transfer to a team that does the type of work they're interested in. Across the company's various business units, there is little separation between the members of the dedicated IT staffs and the business professionals they support, and that setup fosters collaboration and alignment between the business and IT communities.

Rank by company size:
Large, No. 22

Employee Statistics

Total U.S.-based employees: 13,090

Total U.S.-based IT employees: 2,125

IT employee turnover in 2008: 9%

IT promotions in 2008: 9%


Training days offered per IT employee in 2008: 4

Training budget per IT employee in 2008: $914

Women in IT

Total percentage of women within IT: 45%

Percentage of IT managers who are women: 48%

Percentage of IT staffers (non-managers) who are women: 44%

Minorities in IT

Total percentage of minorities within IT: 9%

Percentage of IT managers who are minorities: 4%

Percentage of IT staffers (non-managers) who are minorities: 10%