Principal Financial Group Reviews

Updated March 18, 2015
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4.0
143 Reviews
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Principal Financial Group Chairman, President and Chief Executive Officer Larry D. Zimpleman
Larry D. Zimpleman
145 Ratings

143 Employee Reviews

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  1. Went looking for a job and found a career/passion.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Managing Director in Mount Pleasant, SC
    Current Employee - Managing Director in Mount Pleasant, SC

    I have been working at Principal Financial Group full-time (more than a year)

    Pros

    The company is amazing, the support staff is almost and less and their expertise in the field has made my job so much easier. I have found when I don't feel comfortable talking about a product we offer that I can very quickly find someone who is an expert to guide me. If you work hard they are very good about rewarding you for your efforts and promotions come very quickly.

    Cons

    The office is still small, and the previous director was retiring so we have had to start fresh with the local office

    Advice to ManagementAdvice

    A larger marketing budget would help us grow our footprint in Charleston.

    Recommends
    Positive Outlook
    Approves of CEO
  2. West so many years of my life.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Principal Financial Group

    Pros

    Good for managers, no work, so much time to paly, Participate in all iniciative no need to work.

    Cons

    management think they are too smart, so much politics, no value for talent. No groath. After spending 3 year, you will nowhere in industry.

    Advice to ManagementAdvice

    Be little transparent, value your key resources. Keep more resource then manager

  3. Excellent pay, benefits and work life balance at Principal. I'm proud to call Principal Financial Group my employer.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director in Des Moines, IA
    Current Employee - Director in Des Moines, IA

    I have been working at Principal Financial Group full-time (more than 10 years)

    Pros

    Leadership, work life balance, autonomy, development, pay and benefits

    Cons

    Normal large company red tape.

    Recommends
    Positive Outlook
    Approves of CEO
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  5. Good, then great...then horrible. Everything changed for the worse. Goodbye quality customer service.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Pension Call Centers in Des Moines, IA
    Current Employee - Pension Call Centers in Des Moines, IA

    I have been working at Principal Financial Group

    Pros

    Okay benefits. Not as good as competition.

    Cons

    Middle management no longer puts the customer first. Customers call fir help and get rushed off the phone. Instead of an eclectic group of financial professionals we morphed into unprofessional poorly educated call center employees. Hello Pune' call center. It's coming soon. Just a manner of time. .

    Advice to ManagementAdvice

    Pay attention to what lower middle management is doing. As a group they're untruthful and not trustworthy. Most of the quality employees have already left or looking to.

    Doesn't Recommend
    Neutral Outlook
  6. Solid Company with good reputation. I have worked for the company for many years and have learned a great deal while gr

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Service
    Current Employee - Customer Service

    I have been working at Principal Financial Group full-time (more than 10 years)

    Pros

    Great benefits, they do encourage career growth and community involvement. They also offer wellness facilities on cite and promote the use of that.

    Cons

    Culture has definitely changed since going public. I understand we need to be accountable to share holders now but we also need to be accountable to our customers (customers are still #1) and it seems like we are sacrificing customer service at times to cut corners.

    Advice to ManagementAdvice

    Keeping good employees on board and promoting and paying them well might be better than continually hiring and training new employees.

    Recommends
    Positive Outlook
    Approves of CEO
  7. Good company with fun people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Applications Developer in Des Moines, IA
    Current Intern - Applications Developer in Des Moines, IA

    I have been working at Principal Financial Group as an intern (less than a year)

    Pros

    Fun people, decent pay, flexible hours

    Cons

    Unfulfilling work that is typically pretty boring

    Recommends
    Positive Outlook
    Approves of CEO
  8. Real Estate Global Investors Internship

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Principal Financial Group

    Pros

    Employees are very friendly and easy to get along with. Good working environment and decent entry level pay.

    Cons

    Really large company hard to move up ladder to get promoted. In Des Moines and okay pay.

    Recommends
    Positive Outlook
  9. 1 person found this helpful

    Great benefits.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Investment Analyst
    Current Employee - Investment Analyst

    I have been working at Principal Financial Group

    Pros

    Upper management is strong. Ethics are truly in place at that level

    Cons

    Mid level management is terrible. Most micro manage instead of working as a team to meet goals. Many good jobs have been moved to Pune India and more to follow because they'll work for $2.00 an hour. Very high turnover stateside.

    Advice to ManagementAdvice

    Upper management needs to look into what middle management is doing.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  10. Proud to be associated with Principal

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Principal Financial Group

    Pros

    Good company, strong values, concern for clients & employees

    Cons

    Some occasional mixed messages come from senior management as the company tries to serve a variety of constituencies

    Recommends
    Positive Outlook
  11. 1 person found this helpful

    Great people! Greedy Management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Systems Analyst
    Current Employee - IT Systems Analyst

    I have been working at Principal Financial Group

    Pros

    Good people throughout the company. Middle management tries to take care of employees but to senior management, it is all about the bottom line.

    Cons

    Typical publicly traded company. The executive team only cares about shareholders. They can't figure out how to manage. They hire like crazy one year then lay people of the next.

    Advice to ManagementAdvice

    Get your act together. Figure out how many employees you really need so you are not constantly hiring and then reducing the work force.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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