Principal Financial Group

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

2 people found this helpful  

Exited the Medical Marked too soon.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Sales Support Specialist in Atlanta, GA
Current Employee - Sales Support Specialist in Atlanta, GA

I have been working at Principal Financial Group

Pros

Principal is a very conservative and ethical company

Cons

I was downsized because Principal exited the Medical Market, along with about 1500 other employees.

Advice to ManagementAdvice

I believe we should have stayed in the medical business for at least another year. It was a bad idea to be the first carrier to exit the business because of Obama care.

Disapproves of CEO

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

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  1.  

    Good place to work if you don't mind no recognition for the work you do.

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

    I have been working at Principal Financial Group

    Pros

    Work/life balance is great
    Flexible work weeks
    Telecommuniting
    Benefits are good

    Cons

    Low pay for level of work expected
    Little to no recognition for above average work
    Promotions not a all based on job requirements, but on time in company, not time in the discipline.
    IT department is very unorganized and does not follow procedures.
    Organizational structure is constantaly changing.

    Advice to ManagementAdvice

    Start looking at your job requiremets and look at the peoples experience and then consider promotions.

    Recommends
    Approves of CEO
  2. 2 people found this helpful  

    Good place to start a career but advancement opportunities end quickly.

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

    I have been working at Principal Financial Group

    Pros

    Flexible work schedules for non call center employees.

    Flat organizational structure in IT gives everyone a voice.

    Benefits have been recently cut but would still rate them as slightly above average.

    The people you work with are generally smart, nice, and fun to work with.

    On site fitness centers.

    Cons

    Flat organizational structure in IT limits advancement opportunities at a point just below management level. At that point, your career becomes a job.

    Heavy process in some IT units limits productivity. In some areas a lot of red tape needs to be cut to get things done. There are priority committees for the priority committees that then need to talk to priority committees at the organization level.

    Salary is below average in the Des Moines market. Company tries to make up for it wih flexible schedules and offerring a good work/life balance . However, if you spend your time working on dashboard projects you may find it hard to maintain a work/life blance.

    Advice to ManagementAdvice

    People who make extraordinary efforts to implement projects on dates arbitrarily set by management need to be rewarded beyond their base compensation. When people are working 60, 70, 80, and even 90 hours works weeks for 6 weeks to implement urgently needed solutions, the reward needs to be more than a pat on the back.

    No opinion of CEO
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