The Principal Financial Group Recognized as "Best Company" for Latinas and Workers over 50
Sept. 7, 2006 (Des Moines, Iowa) — The Principal Financial Group® has once again received a pat on the back from AARP and LATINA Style magazine. Both organizations acknowledge 50 employers from across the U.S. in their annual rankings, noting such attributes as professional opportunities offered, amenities and benefits, as well as the inclusiveness of the corporate culture.
"We are thrilled to be recognized by two such prestigious organizations. The success of the Principal Financial Group is tied not only to the diversity of our products and services, but also the wide diversity of our workforce," said Jim DeVries, senior vice president of Human Resources at the Principal Financial Group. "This blend of ages, cultures, ethnicities and backgrounds enriches not only the experience we provide our customers, but also our experience as employees."
The Principal Financial Group, headquartered in Des Moines, Iowa, employs more than 13,000 people from across the United States and 14,700 world-wide. This marks the fifth consecutive year the company has been recognized by AARP, and the ninth consecutive year by LATINA Style.
About AARP "Best Employers for Workers Over 50"
AARP invites employers to apply for the Best Employer designation by submitting an application describing their exemplary practices toward older workers. Key areas for consideration for award recognition by AARP are recruiting practices, opportunities for training, education and career development; workplace accommodations; alternative work options; employee health and pension benefits; retiree benefits; and age diversity of the workforce.
AARP is a nonprofit, nonpartisan membership organization that helps people 50+ have independence, choice and control in ways that are beneficial and affordable to them and society as a whole. AARP Foundation is an affiliated charity that provides security, protection and empowerment to older persons in need with support from thousands of volunteers, donors and sponsors. AARP has staffed offices in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.
About LATINA Style "50 Best Companies for Latinas to Work for in the U.S."
The LATINA Style 50 Report evaluates corporate America's career development opportunities for Latinas. More than 800 of the most prominent corporations in the United States were included in this year's extensive search.
Companies responding to LATINA Style's questionnaire were evaluated based on issues that LATINA Style readers identified as most important to them in the workplace. Among the principal areas of evaluation were: number of Latina executives, mentoring programs, Latina board members, educational opportunities, alternative work policies, dependent/child care support, employee benefits, women's issues, job retaining, affinity groups and Hispanic relations.
About the Principal Financial Group
The Principal Financial Group® (The Principal®)1 is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance and banking through its diverse family of financial services companies and national network of financial professionals. A member of the Fortune 500, the Principal Financial Group has $206 billion in assets under management2 and serves some 16.3 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.
1) "The Principal Financial Group" and "The Principal" are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.
2) As of June 30, 2006.
