Principal Financial Group Inc.
Number of Employees: 13340
Number of IT Employees: 1574
IT Employee Promotions in 2003: 9 percent
IT Employee Turnover in 2003: 4 percent
Percentage of women IT managers: 43 percent
Percentage of minority IT managers: 5 percent
Percentage of women IT staff: 37 percent
Percentage of minority IT staff: 10 percent
Training days offered per IT employee in 2003: 3
Training budget per IT employee in 2003*: US$714
This top administrator of employer-sponsored retirement plans offers pension products and services, mortgage financing, mutual funds, annuities and investment advice. The company demutualized and went public in 2001. Headquartered in Des Moines, it serves more than 13 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the U.S. Effective July 2003, The Principal introduced "No Meeting Fridays" to ease schedules and give all employees time to catch up on work, e-mails, phone calls and customer contacts.