Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Products May 8, 2004
Principal Offers Free Benefits Benchmarking Tool
August 29, 2002 (PLANSPONSOR.com) - Plan sponsors
can now compare their benefits programs against national
averages with a free benefits benchmarking guide from
Principal.
Reported by Nevin E. Adams
The Principal Best Practices Guide for Employee Financial Security is a compilation of best practices from The Principal 10 Best Companies for Employee Financial Security.
Included in the Best Practices Guide are:
- a benchmarking worksheet for companies to compare themselves to others across the nation and The Principal 10 Best Companies
- a worksheet to account for the “hidden” costs of staffing – including hiring, replacing staff, and terminating staff
- suggestions to help companies align their benefits programs with their employee base through a series of questions designed to establish the firm’s overall benefit philosophy
The guide also includes case studies of The Principal 10 Best Companies with examples of their best practices and a list of resources
The Principal Best Practices Guide is available at http://www.principal.com/theprincipal10best/bestpractices.pdf