Van Meter Recognized for Providing Employee Financial Security
For the 14th year in a row, The Principal Financial Group, in partnership with Inc. Magazine, announced the winners of The Principal® 10 Best Companies for Employee Financial Security. New this year – they included three Honorable Mentions, one of which is Van Meter Inc., a 100 percent employee-owned, Iowa-based, electrical wholesale distributor.
The Principal 10 Best Companies for Employee Financial Security is a national program that recognizes small and mid-sized companies that excel at giving their employees a financial edge. Winners and honorees are selected by an independent panel of experts based on the full scope of their commitment to their employees’ financial security.
Van Meter President and CEO, Kevin Powell, in large part attributes the honor to being employee-owned. “As an employee-owned company, we all have a personal stake in our success,” says Powell. “This motivates each of us to work hard and challenge one another. Because it is our company, we’re empowered to make decisions and do what is best to serve our customers and each other.”
The Principal Financial Group understands that financial security is a critical element in employers’ success in recruiting, retaining and motivating their employees. And growing businesses that provide for their employees financial futures deserve to be recognized.
As reported in Inc. Magazine, this year’s winning companies separated themselves from the pack due to the scope of the financial benefits they provide. Luke Vandermillen, vice president at The Principal, points out, “The most forward-thinking companies have made the connection between their employees’ financial security and the success of their business. 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.”
A complete list and company profiles on the 2015 winners of The Principal 10 Best and Honorees can be found online at here.