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10 Companies Show What Makes Them the BestTen businesses recognized today by the Principal Financial Group® as this year's 10 Best Companies for Employee Financial Security are investing serious time and money into their employees' financial futures, but their employees are not the only ones reaping the benefits. The winning companies are able to better attract and retain top talent; 70 percent of this year's winners report voluntary turnover rates of 5 percent of lower, with two reporting rates of just 1 percent; much lower than the national average of 11 percent1. Executives at the winning firms assert that their benefit strategies also are critical to maintaining high levels of employee engagement, motivation, and productivity. "The most forward-thinking companies have made the connection between their employee's financial security and the success of their business," said Luke Vandermillen, vice president at The Principal®. "They understand that when employees are financially secure they create an environment where employees can do their best work, which leads to gains in employee retention, productivity, safety, customer service and profitability." This marks the 14th year The Principal has sponsored the program, which honors growing companies (five - 1,000 employees) for their commitment to employee financial security through outstanding employee benefits. An independent panel of judges selected The Principal® 10 Best Companies for Employee Financial Security - 2015 in a blind judging process to identify companies with an outstanding commitment to their employees' finacial security. Judges noted top trends among this year's winners:
And the winners are..... The Principal 10 Best 2015 winners are certainly a diverse group, working in industries from technology to construction and nonprofit. The smallest winning company has only 42 employees, whereas the largest has a workforce of 750. When it comes to company longevity, the winners run the gamut as well; the youngest company was founded six years ago and the oldest is 92 years old. The Principal 10 Best Companies for Employee Financial Security-2015:
2015 Honorable Mentions:
Learn more about the winning companies at www.principal.com/10best.
About the Principal Financial Group 1 United States Department of Labor: Bureau of Labor Statistics. National Compensation Study: Employee Benefits in United States, March 2015 2 "The Principal Financial Group" and "The Principal" are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group. 3 As of June 30, 2015. View source version on businesswire.com: http://www.businesswire.com/news/home/20150915005368/en/ |