Principal Named a Best Place to Work in Money Management by Pensions & Investments for Ninth Year
Principal Financial Group® announced today that its global asset management arm, Principal Global Investors®, is ranked a Best Place to Work in Money Management by Pensions & Investments for the ninth consecutive year. Principal earned the No. 5 spot in the category of 1,000-plus employees for 2020.
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“This may be the most significant year to earn recognition as a top workplace in money management given the unprecedented challenges everyone has faced through this global pandemic,” said Pat Halter, president for Principal Global Asset Management and CEO for Principal Global Investors. “This year’s award, along with recognition the last eight years, is a testament to our employees, leadership team, and the culture we collectively work to create in order to help deliver results for our clients.”
Principal Global Investors is the 27th largest manager of institutional assets1 in the world with approximately $507.3 billion in total assets under management2.
Pensions & Investments partnered with Best Companies Group, a research firm specializing in identifying great places to work, to conduct a two-part survey process of employers and their employees.
The first part consisted of evaluating each nominated company’s workplace policies, practices, philosophy, systems, and demographics. This part of the process was worth approximately 25% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process was worth approximately 75% of the total evaluation. The combined scores determined the top companies.