The Principal Financial Group is proud to be a presenting sponsor of the 2013 Inc. 500/5000 Conference. This premier event brings together the fastest growing privately held companies in the United States. This is my tenth year attending the event and as always, I find it truly inspiring. What these entrepreneurs have done, and will do, is simply amazing.
Although these companies span industries and geography, they have one thing in common. They realize that success is a result of taking action. Read more
October is a busy month. It’s National Book Month, National Cyber Security Awareness Month, Domestic Violence Awareness Month and National Employee Ownership Month, to name just a few of the topics that are commemorated. It’s the last of these that is the most interesting to me in my role as an Employee Stock Ownership Plan (ESOP) consultant.
If you’ve read my past blogs, you’ll have noted that there are many advantages ESOPs bring to the selling business owners, the company and the employees. So, why do we need a month to celebrate (other than the fact that everyone likes cake and ice cream)? Read more
Truth be told, most of us take the easy way whenever possible. There are those among us that choose to look beyond what is easy and take alternate paths. This hit home for me with my oldest daughter, Megan. She recently participated in the Basic Airborne Course at Ft. Benning, Georgia as part of her training through the United States Army Reserve Officer Training Corps (ROTC).
Only about two percent of ROTC cadets participate in the Basic Airborne Course. It is physically demanding (and there is the whole height thing as well). When she first mentioned it, I thought this too shall pass. After all, she is majoring in dietetics in college. I don’t expect that there is a big demand for dietitian paratroopers. But, Megan has never taken the easy way (too boring for her). Read more
Design is not just what it looks like and feels like. Design is how it works. - Steve Jobs
It’s doubtful that Steve Jobs was thinking about employee benefit programs when he made this statement. Yet, it’s as applicable to employee benefits as it is to technology. Good design is critical to achieving good outcomes.
A useful framework for benefit designs that produce good outcomes consists of the four B’s:
The tendency of many companies is to first and foremost look at budget. However, that is the one objective that is probably easiest to achieve (note that easy does not necessarily translate into pleasant). Companies can change employee contributions, retirement plan match rates or benefit levels to achieve their budget goal. Read more
What does it take to be the best? It depends on a lot of things. For class valedictorian, it is grade point that matters. Want a gold medal in the Olympics? You need to be the strongest, fastest or most accurate. To be President of the United States, you need more electoral votes than anyone else.
But, what about being the best in offering your employees financial security? For the past 11 years, the Principal Financial Group® has helped employers answer that very question through The Principal® 10 Best Companies for Employee Financial Security program. This program recognizes ten growing companies each year that demonstrate outstanding commitment to their employees’ total financial security, innovation and corporate culture. Read more