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The Principal Financial Group Named Among "Best Places to Work" by Computerworld

Company recognized for eighth consecutive year

June 16, 2009 (Des Moines, IA) — The Principal Financial Group® was ranked 33rd on the list of the top workplaces for information technology (IT) professionals. This marks the eighth consecutive year the company has been recognized by IDG's Computerworld magazine. Results were published in the June 15 issue and at computerworld.com.

The Principal was specifically noted for its flexible work programs, including compressed workweeks, job-sharing programs and telecommuting. Also noted was the company's volunteer time off (VTO) program, which allots each employee up to eight hours of paid time each year to volunteer for non-profit organizations and schools in the community.

"Especially in today's environment, The Principal is honored to be recognized again by Computerworld as a great place to work for IT professionals," said Gary Scholten, chief information officer and senior vice president of the Principal Financial Group. "While we can't control the financial environment, our IT and business leadership teams take seriously the need to provide a stimulating and rewarding workplace. We recognize that the ability to retain our talented, engaged group of IT professionals is critical to The Principal's continued success."

IDG's Computerworld annual "Best Places to Work in Information Technology" survey ranks the top 100 work environments for technology professionals, based on a comprehensive questionnaire regarding company offerings in categories such as benefits, diversity, career development, training and retention. In addition, this year Computerworld surveyed more than 27,000 IT workers for the list, and their responses factored heavily in determining the rankings.

"To be among the Best Places to Work in IT, it's not enough just to seek out and hire the most talented IT people, offer them competitive pay and provide great benefits," said Scot Finnie, editor in chief of Computerworld. "The organizations that made this year's Best Places to Work list sustain a dynamic work environment in which IT professionals keep their hands on the latest technologies and work on projects that are business critical. In the months and years ahead, IT is going to become a key accelerator of business growth."

About Computerworld

Computerworld's award-winning Web site (Computerworld.com), weekly publication and focused conference series form the hub of the world's largest global IT media network. In the past five years alone, Computerworld has won more than 100 awards including the Magazine of the Year Award from the American Society of Business Publication Editors (ASBPE) in both 2004 and 2006, and the American Business Media's Neal Award for Best Web Site, Best Blogs and Best Article or Series in 2008. Computerworld leads the industry with an online audience of more than 2.5 million unique monthly visitors and a print audience of more than 1 million readers each week (IntelliQuest CIMS, Fall 2008). Computerworld also reaches more than 10,000 IT executives every year through its high-touch conference and custom summits.

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. A member of the Fortune 500, the Principal Financial Group has $236.6 billion in assets under management[2] and serves some 18.8 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 March 31, 2009
Questions?

Call 515.246.4907 or see the full Media Relations contact list.

Call 515.246.4907 or see the full Media Relations contact list.

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