Principal Financial Group

www.principal.com
Employer Engaged

138 Employee Reviews Back to all Reviews

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  1.  

    Great company

    • 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 full-time (more than 8 years)

    Pros

    People, culture, stability, future growth potential

    Cons

    Comp less competitive than other top companies in their peer group

    Advice to ManagementAdvice

    Break down some political barricades between operating units

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Good work life balance

    • 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

    Work life balance, flexibility, benefits

    Cons

    Compensation as compared to market

  3.  

    Lots of opportunities for development.

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

    I have been working at Principal Financial Group full-time (more than 5 years)

    Pros

    Employees are supported in their decisions to move between departments and professional development is encouraged. For the most part they also support work life balance and have options to work remote some days of the week (depending on your department) or flexible starting/stopping hours.

    Cons

    They seem reluctant to pay market salaries even when they say they are going to start doing so- I was always at the 25th percentile in pay and it's hurting me now that I am job seeking. Also there are a lot of "lifers" there and it's hard to get people to accept change.

    Advice to ManagementAdvice

    Keep up the ethical "tone at the top."

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    Outstanding opportunities for working women

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

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

    Pros

    Company is very pro-women advancement, and is extremely conscientious to be open to all cultural, gender, and other backgrounds without bias. The work is very interesting and they are open to discussion and suggestions

    Cons

    Some of the entry level positions are very numbers-driven and unrealistic on time demands. It can be very stressful to work here

    Advice to ManagementAdvice

    Please leave room for quality along with demanding the quantity. If you look only the numbers of calls made or the number of calls/emails taken care of...the question is... were they really taken care of. Was the question really considered and addressed rather than just firing off a quick reply without understanding what that customer was asking? When the numbers are too high,I can guarantee that many of the responses were of a mediocre nature, and creating many problems down the line for our company.

    Recommends
    Positive Outlook
    Approves of CEO
  6. 1 person found this helpful  

    Okay company to work for.

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

    I have been working at Principal Financial Group full-time (more than 5 years)

    Pros

    PTO accrual, ability to purchase time off, stock purchase options, decent insurance costs

    Cons

    Public company - focused more on shareholders than employees

    Advice to ManagementAdvice

    Listen to employees more. Quit wasting money and use that to increase wages instead.

    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    If you are a man you will fit right in and be treated like royalty. Women steer clear. I regret making this career move.

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

    I have been working at Principal Financial Group full-time

    Pros

    If you are a man the office manager will love you and let you work your own schedule, get special treatment, etc.

    Cons

    Gender bias..men are wonderful, women..ehhhh, bullying by management. Senior management doesn't listen to employees at office level when they complain about a manager. Not following legal and ethical guidelines like they should. Doing whatever it takes to make the sale at all costs. Management thinks they are above the law for some reason.

    Advice to ManagementAdvice

    Listen to your employees. Take complaints seriously and do something about it. Treat all employees fairly whether they are hourly, salary, male or female.

    Doesn't Recommend
    Disapproves of CEO
  8.  

    I interviewed and was hired as a Investment Advisor Representative with this company. The process was smooth but long.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Investment Advisor Representative in Roseville, CA
    Current Contractor - Investment Advisor Representative in Roseville, CA

    I have been working at Principal Financial Group as a contractor (more than a year)

    Pros

    They are really concerned with that the applicant understands the difficulty of the road ahead.

    Cons

    The testing phase is without pay. An applicant is required to cover the costs of the tests/prep, can be over $1000.

    Advice to ManagementAdvice

    I think the management is doing a good job of informing and inspiring potential job applicants.

    Recommends
    Positive Outlook
    No opinion of CEO
  9.  

    Intern

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Principal Financial Group

    Pros

    Fun, Challenging, Welcoming, Good Pay, Good experience

    Cons

    City can be small, Difficult to meet people, Iowa complex

  10.  

    Principal Financial is an excellent place to work!

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

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

    Pros

    Excellent benefits, good pay, very supportive of work/life balance, maintains a positive working environment, focused on employee safety, lives core values

    Cons

    Technology efforts are typically focused on client experience. Would like to see more technology enhancements aimed at the internal employee experience.

    Advice to ManagementAdvice

    Ensure all senior leaders are focused on the greater good of the organization, not solely focused on what the see as good for just their business unit

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Global perspective from solid company

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

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

    Pros

    Global perspective and lots of capital for growth.

    Cons

    Slow to capitalize on what they have. Self perspective of outsiders being more capable.

    Advice to ManagementAdvice

    Encourage your employees to pursue growth not buy it and overspend.

    Recommends
    Positive Outlook
    Approves of CEO

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