Principal Financial Group

  www.principal.com
  www.principal.com
There are newer employer reviews for Principal Financial Group

1 person found this helpful  

Great company, if you happen to be in the right clique...

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

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

Pros

Principal used to be a great place to work. They had great benefits and promoted their culture as a positive reason to remain with the company. This was back when they regularly were named one of Forbes "Best Places To Work", in the mid 2000's.

Cons

There's a reason Principal is no longer named on the Forbes list. The atmosphere has really been degraded since 2008. Mid-management has gotten weaker and weaker, while upper management has become more focused on moving the stock price. This has led to a dilemma for many employees: do the right thing for the client and face a backlash from management or toe the company line and leave your professional integrity at the door. Their compensation package tells you all you need to know...

Advice to ManagementAdvice

Clean up the "good old boy (and girl)" network in middle management. It's a joke that certain employees are still employed, while great people are leaving out of frustration.

Neutral Outlook
No opinion of CEO

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

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  1.  

    good people, ethical company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Account Executive II in Chicago, IL
    Current Employee - Account Executive II in Chicago, IL

    I have been working at Principal Financial Group full-time (more than 8 years)

    Pros

    Room for development and growth within the organization

    Cons

    have to play politics at times

    Advice to ManagementAdvice

    align incentives with organizational goals then give more autonomy

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    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
There are newer employer reviews for Principal Financial Group

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