We believe actions speak louder than words. That's why we encourage our employees to get involved in the causes that are important to them.
The Principal Volunteer Network
Formed in 1972, The Principal Volunteer Network is the oldest corporate volunteer program in Iowa. The program facilitates thousands of hours of employee volunteerism each year, with much of that work done on employees’ own time.
Committed to promoting volunteerism throughout the company, the network is made up of employees from the Principal Financial Group® who actively seek to contribute and improve quality of life in their communities.
To encourage employee volunteerism, The Principal offers a benefit called Volunteer Time Off (VTO). Through VTO, employees can use eight hours of paid work time per year to volunteer in the community for nonprofit organizations, such as schools or places of worship. The benefit gives employees the chance to use their skills to help others in need.
In 2014, approximately 3,700 employees logged almost 25,000 hours of VTO. Over the last 10 years, Principal employees have logged a total of almost 274,000 hours of VTO.
How employees use their VTO
Des Moines Days of Action
In 2014, 1,400 employees in central Iowa participated in this program to meet the evolving needs of the community and company workforce. The program features approximately 20 projects that allow volunteers to help out at various times throughout the year in a number of causes, including those relating to children, the elderly, the homeless, the environment and animals. The projects are selected each year by the all-employee Days of Action committee, with input from employees of The Principal.