Company Profile
Principal Financial Group
Company Overview
________________________________________________________________
Industry
· Financial Services
Overview of the company
· 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 $195.2 billion
in assets under management and serves some 15.6 million customers worldwide
from offices in 11 countries throughout Asia, Australia, Europe, Latin America
and the United States. The Principal Financial Group, Inc. is traded on the New
York Stock Exchange under the ticker symbol PFG.
Types of opportunities
· As a successful and growing company, we’re always looking for more great
people to add to our team. And, you might be one of them. Did we mention you
don’t need to be a financial expert to apply? We’re looking for people who are
smart, energetic and creative to fill roles in several professions and fields,
including:
· Actuarial
· Accounting
· Equities/Asset Management
· Finance
· General Business
· Human Resources
Description of products/services
· For more than 125 years, The Principal has helped business owners, employees, investors, financial professionals—people just like you—achieve financial security and success.
Products for businesses:
· Retirement solutions
· Life & health insurance
· Business continuation
· Wellness programs
Products for individuals:
· Information Technology
· Journalism and Public Relations
· Marketing
· Real Estate
· Sales
· Wellness and Health
· Retirement solutions and investments
· Health & wellness services
· Banking products
· Life & disability insurance
Titles and descriptions of divisions
· Retirement and Investments -- The Principal® offers a wide range of workplace
retirement plans and programs. In addition, we offer investments for individuals
including mutual funds, annuities, rollover IRAs, traditional and Roth IRAs.
· Global Asset Management -- Principal Global Investors, a diversified asset
management organization and a member of the Principal Financial Group®,
manages over $158.9 billion in assets primarily for retirement plans and other
institutional clients.
· International Operations -- The international operations of The Principal provide a
variety of financial services products to meet the needs of growing businesses.
Through wholly owned companies and joint venture partnerships, we provide a
broad range of financial services in countries around the world.
· Insurance -- The Principal Financial Group offers group disability, life, vision and
dental insurance to growing companies across the United States. For
individuals, The Principal offers life and disability insurance, including high value
solutions for estate planning, business continuation, executive benefits and
financial planning to business owners, senior executives and key employees.
· Health and Wellness -- The Principal Financial Group is a leader in consumerdriven healthcare solutions, tailored to meet the needs of any size business. And through the Principal Wellness Company, a member of The Principal, we also offer integrated wellness programs that help employers to improve employee health, save money, reduce claim activity and save lives.
· Banking -- Principal Bank offers a cost-efficient, convenient way to do everyday
banking with personal bankers and internet access 24/7.
Achievements
· At The Principal, our core values guide what we do. And that has made us one of
the best retirement services providers in the U.S. We’re proud of our leadership
position in these areas:
• #1 in bundled 401(k) plans (Treasury and Risk magazine, May 2005);
• #1 in nonqualified deferred compensation plans (PLANSPONSOR magazine,
December 2005);
• #1 in employee stock ownership plans (PLANSPONSOR magazine, June
2004);
• #2 in defined benefit plans (internal research, December 2003);
• #3 in plan termination annuities (LIMRA,
September 2005).
While competitors have focused on Fortune 500 companies
· Principal Global Investors ranked #5 in net assets gained in 2005 (Money
Management Letter), reflecting exceptional investment performance.
Working Environment
· Of all of our accomplishments, The Principal takes the most pride in having
created one of the best places to work in the world. What’s it like here? Ask our
14,000 employees and you’ll probably get 14,000 different answers. But those
answers share some common themes. Things like opportunity, innovation and
integrity; fun, flexibility and fitness centers; great benefits and competitive pay.
Significant Awards
· Named by FORTUNE magazine as one of the 100 Best Companies to Work For
for the fourth year in a row. January 2006
· Voted one of LATINAStyle magazine’s 50 Best Places for Latinas to Work for
the eighth year in a row. August 2005
· Noted as one of the Top 30 Companies for Executive Women for the fourth
year in a row by the National Association of Female Executives. January 2006
· Named one of Working Mother magazine’s 100 Best Companies for Working
· Mothers. September 2005
· Ranked 37th on Computerworld magazine’s 100 Best Places to Work in IT.
June 2005
· Recognized as a Platinum Well Workplace by the Wellness Councils of
America. 2006-08
· Named one of AARP’s Best Employers for Workers Over 50 for the fourth year
in a row. September 2005
· Recognized by Essence magazine as one of 30 great places to work. May
2005
· Scored an 86 out of a possible 100 on the Human Rights Campaign
Foundation Corporate Equality Index. September 2005
Where the company is headed
· At The Principal, we’re focused on giving customers and edge – through
personal attention and understandable, affordable solutions. The needs of Baby
Boomers are creating great opportunities and The Principal is uniquely
positioned to help – through a broad array of accumulation tools, investments
designed specifically for retirement savings, retirement income management
solutions, and personalized guidance.
Similar opportunities exist in the seven countries in which we operate in Latin
America and Asia, where we’re focused on pre-retirement savings, long-term
mutual funds and post-retirement payout. We expect this opportunity to grow
significantly over time, especially as employer-based defined contribution
emerges in China and India. We’re also strongly positioned for success with
voluntary benefits, consumer-driven healthcare, and nonqualified solutions,
meaningful opportunities for each of our life and health insurance businesses.
Number of employees
· 14,500 employees worldwide
· 12,800 employees in the United States
Number of domestic/international locations
Domestic – The Principal has more than 230 local offices throughout the United
States.
International – The Principal has offices around the world, including Australia,
Brazil, Chile, China, Hong Kong, India, Malaysia, Mexico, Singapore and Europe.
Dress Code
· Our dress code is business casual. And, to wind down the week and jump-start
the weekend, Fridays are designated as Jeans Day. In addition, the company
encourages employees to show their Principal pride on Fridays by wearing
Principal logo merchandise, such as t-shirts and sweatshirts.
Diversity
· At The Principal, we know that success depends on diversity. Success in business and success in the community. We’re in the business of helping people reach financial security. And keeping them secure. From simple planning tools to a wide range of financial products, we’ve been helping individuals and businesses of all sizes for more than 125 years. You don’t have that type of success without an eye toward the future.
We’re champions of growing businesses—businesses owned by more women and minorities than ever before. From our sponsorship of research studies and unique networking events to our support of diverse suppliers, The Principal is committed to creating opportunities for entrepreneurs and employees alike.
· To us, diversity is not just about what makes each of us different. It’s also about what we have in common. And, it’s about how we can use all of those perspectives to create opportunities—not only for our employees, but also for our business. That’s why we look for diversity in the talent we hire. And provide the tools and opportunities to allow diversity to thrive once you’re here. Flexible work schedules, prenatal care programs, a Muslim prayer room, domestic partner benefits, resource groups for employees of varied cultural backgrounds. These are just a few of the dozens of opportunities we offer employees to create an environment of learning, sharing and excelling.
Training/Development
· Far beyond the time employees first step in the door, they’re given opportunities
to do new things, to share their ideas, to take risks. We think People
Development is so important we’ve made it one of our core values. It’s one
of the reasons we stay on top. We have the best and the brightest working here.
Through a number of training and development programs, employees are given
the tools they need to be successful now and in the future.
Working Hours and Vacation
· Balancing life and work is important. Eight to five. Part-time. Alternative work
schedules. Working from home. Offering flexible work schedules is just one way
our employees meet the many demands of life. And, because we all need time
off, employees get Personal Time Off and Volunteer Time Off too.
Career track/advancement
· One company, many jobs. That’s one of the great things about being a global,
diversified financial services company. The opportunities are endless. Our
internal job posting program makes it easy for employees to make the next step
in their career.
Notable Accomplishments / Recognition
http://www.principal.com/awards.htm