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Principal Financial Group

Engaged Employer

Good for people who want to run side business and don’t want to work in office. Also a great place to find love. - Senior Java Developer Principal Financial Group Employee Review

1.0
Jun 9, 2020
Recommend
CEO approval
Business Outlook

Pros

Cab service, Five star office with furniture and artifacts and not many people in sight

Cons

There is lots of mantra to grow in this company and one of them is by buttering. Work is not required because there are many managers who have not seen codes or been productive in ages. Other mantra is get very close to a senior management. You will lots of these very close couples and everyone around knows about it and makes fun of it but no one speaks of it. The cascading effect is now you see couples everywhere as the environment encourages it. Interference of these couples basis their likes and dislikes of others cause problems and issues. If highlighted the response you will get us it’s a personal matter. Many senior leaders have left the Organization and I am aware a lot of them are also trying since last few years but unable to get a job outside. So imagine the development you would get from such demotivated leaders. Most of the new management hired are people thrown out of other Organizations and we have taken them with open arms. HR should atleast do a good background verification on them.

Explore other reviews about Principal Financial Group

5.0
May 28, 2026
Recommend
CEO approval
Business Outlook

Pros

Three years in and still LOVE it. Great leadership. Work-like balance. Principal invests in their employees with training and professional development. It's very telling when literally thousands of employees have been there for 20-25-30+ years.

Cons

First time in a large company. Sometimes it is tricky to find the right internal partner to get the answer you need.

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Principal Financial Group Response
5d
We appreciate your feedback! Hearing that you felt supported reinforces what we're proud of—the strong community we've built together.
2.0
Jun 4, 2026
Recommend
CEO approval
Business Outlook

Pros

Decent work life balance and benefits. Principal offers a pension which is unheard of in today’s age.

Cons

Pay is below average and Principal does not offer inflation raises. Once you hit the midpoint of your salary, you will get a 0% raise until you’re promoted, which will take multiple years regardless of performance. Performance reviews are vague and often used against employees to avoid promotions. At least in my department, I’ve yet to see any of the remote workers be promoted. This is starting to affect attrition and we’re already starting to see people leaving. It’s well known at this point that the best way to get promoted is to leave Principal and get rehired, which even leadership has stated publicly. This is a huge frustration and blow to morale, as it starts to feel like employees need to compete against their co-workers for raises.

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