Principal Global – “Extremely competent staff employees who work hard for bottom quartile pay, matched with poor management execution.”

Pros

Fellow staff employees at Principal Global Investors are well qualified and very competent. Many employees have significant experience, although company doesn't necessarily value this.

Cons

Company pays long time employees poorly, taking advantage of limited opportunities in the Midwest markets. Historically anyone who dared raise objections to any management move was labeled "not a team player", with career opportunities truncated. During crisis of 2008-2009, significant staff was laid off, while virtually no managers lost their positions. Employees have consistently voiced complaints in employee surveys, with limited actions by management (I don't plan to fill out survey again anytime soon -- questions about management performance are limited and rigged to be vague).

Advice to Senior Management

The lack of respect for staff employees at the top of the organization is palpable. With this type of leadership, dysfunctional environment will likely continue.