A Mother's Work is Never Done: The Principal Financial Group Recognized for Helping Moms Balance
The Principal on list of "100 Best Companies for Working Mothers"
September 22, 2009 (Des Moines, IA) — For the eighth year, the Principal Financial Group® has been named to the Working Mother 100 Best Companies list, appearing in Working Mother magazine's October 2009 issue. The company's culture and programs supporting work-life issues greatly contributed to The Principal® once again making the prestigious list.
"We are very pleased to be recognized again by Working Mother. This honor is especially rewarding, as we seek to provide employees meaningful amenities and workplace programs that add value to their lives," said Ralph Eucher, senior vice president, Human Resources at The Principal. "Helping employees balance multiple and increasing commitments is a priority for us. Well-balanced employees are happier and healthier, which makes their lives better and the company stronger."
The Principal offers employees a number of programs to help balance responsibilities in and outside of the office, including: flexible work arrangements, free access to on-site financial service professionals, an on-site child development center at the corporate headquarters and a paid time off program for employees to volunteer at their choice of not-for-profit agency.
"The Working Mother 100 Best Companies stand head and shoulders above the rest," said Carol Evans, president, Working Mother Media. "For example, in the last year, we saw the number of companies nationwide offering flexible work arrangements diminish five percentage points, while the 100 Best Companies stayed steady at 100 percent. The 100 Best provide leadership where and when we need it most, furnishing a framework of support for working families during good times and bad. If all companies adopted these best practices, more families could weather the economic storm."
The Principal Financial Group was selected for the 2009 Working Mother 100 Best Companies based on an extensive application with more than 500 questions. The application included detailed questions about workforce, compensation, child care, flexibility programs, leave policies and more. It also checked the usage, availability and tracking of programs, as well as the accountability of managers who oversee them. Seven areas were measured and scored: workforce profile, compensation, child care, flexibility, time off and leaves, family-friendly programs, and company culture. A complete list of the 2009 Working Mother 100 Best Companies can be found at www.workingmother.com.
About Working Mother Media
Founded in 1979, Working Mother magazine reaches 2 million readers and is the onlynational magazine for career-committed mothers. Its 23-year signature initiative, Working Mother 100 Best Companies, is the most important benchmark for work/life practices in corporate America. Working Mother is published by Working Mother Media, which was founded in 2001. Working Mother Media includes the National Association for Female Executives (NAFE), Diversity Best Practices, the WorkLife Congress, the Multicultural Women's Conference and Town Halls. Working Mother Media's mission is to champion culture change. For more information, visit www.workingmother.com.
About the Principal Financial Group
The Principal Financial Group® (The Principal ®) 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 $257.7 billion in assets under management 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.