Principal Financial Group Inc.

Principal Financial Group Inc.

Des Moines

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

What's special?

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.

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