There are newer employer reviews for Principal Financial Group

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Compensation

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

I worked at Principal Financial Group full-time (more than 10 years)

Pros

Great benefits. Work cuulture is one of the best.

Cons

Low salaries. Not close to market.

Recommends
Neutral Outlook

199 Other Employee Reviews for Principal Financial Group (View Most Recent)

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  1.  

    Overall good ethical company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Transactions in Raleigh, NC
    Current Employee - Client Transactions in Raleigh, NC

    I have been working at Principal Financial Group full-time

    Pros

    Good benefits, work/life benefits, concern for individual

    Cons

    Limited advancement potential in my area

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    Average/Good company overall; be aware of what dept you work in, make a huge difference(stay away from RIS)

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

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

    Pros

    -Salary is competitive in most roles (compared to large markets)
    -PTO and general benefits are great, best I've seen or had
    -Plenty of non work functions; cheap tickets, socials, etc
    -Several gyms and locker rooms(very outdated though but are about to remodel), Upper Mgmt is proactive with health
    -dining options

    Cons

    -Each dept is run COMPLETELY different
    -Numerous people in roles they are not qualified for or have 0 experience in
    -promotions and salary are based on time at PFG, not your skill set or performance;
    hard to get a fair look when wanting to change areas, pigeon holed to same area for long time unless VP/C level. A lot of people in same role/area for 10+ yrs. get title promotions is all!
    -people can just hide behind monitor or not be at desk and float by
    -Mgmt makes up meetings so they don't have to work, pass off tasks to those below, Mgmt does very little, just talk about things and do nothing
    -people are ask to meetings they have no business being in; politics and kissing!
    -culture is promoted but it is not the best; a lot of talk but no walk
    -Downtown traffic and not much for attractions
    -Remodel is going to take a long time and cause a lot of headaches
    -dining is expensive

    Advice to ManagementAdvice

    Look at what you managers actually do! I don't mean C level either. VP's, directors, asst directors, asst managers don't do anything in the dept's i know. most are unqualified for their roles & ask others (in lower roles) what they should do. Get buy in from lower levels and stop glad handing "management" (used loosely)

    Recommends
    Neutral Outlook
    Approves of CEO
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