There are newer employer reviews for Principal Financial Group
There are newer employer reviews for Principal Financial Group

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Helpful (1)

Started good, ended bad.....

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

I worked at Principal Financial Group full-time (More than 5 years)

Doesn't Recommend
Neutral Outlook
Disapproves of CEO
Doesn't Recommend
Neutral Outlook
Disapproves of CEO

Pros

I did go through a training program and I appreciate that. Okay benefits, low wages.

Cons

No hope for advancement unless you are in good with the management team. The pay is low and they wont let you apply for jobs within the company that are more than one notch above where you are currently at. It is not a family friendly place if you are one of the many low level employees. It apparently is family friendly if you are a high level employee, and get all kinds of perks. Middle managers think they are God....It was only after I left and was at another job that I realized how suffocated I was at PFG.

Advice to Management

Nothing... it is what it is.

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  1. Helpful (1)

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

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

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

    Neutral Outlook
    No opinion of CEO
    Neutral Outlook
    No opinion of CEO

    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 Management

    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.


  2. Helpful (3)

    Overall good ethical company

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

    I have been working at Principal Financial Group full-time

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Good benefits, work/life benefits, concern for individual

    Cons

    Limited advancement potential in my area


There are newer employer reviews for Principal Financial Group
There are newer employer reviews for Principal Financial Group

See Most Recent

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