The Principal® 10 Best Judging Process
How are winners selected?
An independent panel of financial services and human resources experts selects the winners based on their commitment to benefits that contribute most to the long term financial security of employees. Find out who is on the 2012 judges panel.
Do judges take into account the current challenging economic environment?
Judges evaluate entries in the context of current, economic realities. They recognize many companies may need to make adjustments in their programs. Judges will look for companies who are responding to those conditions in ways that least impact the long term financial security of their workforce.
Judges seek companies that continued to do an excellent job of providing the fundamental benefits that are core to long term financial security for employees.
What are the criteria?
The evaluation process has been designed in conjunction with Mathew Greenwald & Associates, Inc., a leading independent research firm based in Washington, D.C. The companies are evaluated based on criteria such as:
- The variety of financial benefits offered: Do the number and type of benefits cover key life events such as retirement, disabilities, death and illness?
- The financial value of benefits offered: How well do the benefits cover life events as measured by employer matches, co-pays, eligibility requirements, etc.?
- The level of commitment by the company to the financial security of employees as demonstrated by the way in which benefits are presented and managed: education, communication and the culture of the company determine how well benefits are maximized by employees and thus contribute to a sense of financial security.
- The judges consider each entrant’s industry, strength of benefits for that industry, and the demographics of each company’s work force when making their selection.
Providers of benefits are not named or considered during any part of the entry, judging, or recognition process.