Principal Financial Group - Great company, if you happen to be in the right clique... | Glassdoor
There are newer employer reviews for Principal Financial Group
There are newer employer reviews for Principal Financial Group

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Helpful (2)

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

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Sales/Service
Current Employee - Sales/Service
Neutral Outlook
No opinion of CEO

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

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.

Other Employee Reviews for Principal Financial Group

  1. Helpful (1)

    "good people, ethical company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Executive II in Chicago, IL
    Current Employee - Account Executive II in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Principal Financial Group full-time (More than 8 years)

    Pros

    Room for development and growth within the organization

    Cons

    have to play politics at times

    Advice to Management

    align incentives with organizational goals then give more autonomy


  2. Helpful (3)

    "Overall good ethical company"

    StarStarStarStarStar
    • 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
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Principal Financial Group full-time

    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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