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Larry D. Zimpleman
I have been working at Principal Trust Company
Pros – Ethical company; competent management decisions; commitment to work-life balance; competitive salaries. Principal Trust is part of The Principal Financial Group, a large financial services firm, but we are a small office in Wilmington. We enjoy the benefits of a large company as well as the benefits of being a small company - a family atmosphere.
Cons – Because we are a small office, there is little opportunity for significant advancement. Jobs tend to become routine, and while some people like that, it's not for everyone.
Advice to Senior Management – Continue to seek input and feedback from employees - you're doing a good job, so don't let that aspect slip.
Yes, I would recommend this company to a friend
2011-05-11 05:24 PDT
1 person found this helpful
I worked at Principal Trust Company
Pros – Good benefit plan and no city taxes - these are the only reasons I can think of working there.
Cons – The management has no clue how to manage employees. There are zero job advancement opportunities and MANY layoffs. Watch your back if you work here - management works hard to make you think that you are being kept in the loop when really they are just looking for a chance to set you up for failure. There are a lot of lifers here and NO young people. Upper management have no clue (or MBAs for that matter). Most attended community college and outlived their peers for their way to the top. Terrible processes, too legalistic, the people are bitter. Only accept a job there if it is the last thing between you and sleeping on the street!
Advice to Senior Management – Stop micro managing and take some training courses
No, I would not recommend this company to a friend
2010-02-03 12:00 PST
I have been working at Principal Trust Company full-time for more than 10 years
Pros – It is Government job and well setteled
Cons – Low salary but free of tension
Advice to Senior Management – look at employes in very near
No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company
2013-02-28 02:56 PST
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