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..."

Star Star Star Star Star
  • 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 (3)

    "Worse place I have ever worked"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    I worked at Principal Financial Group full-time (More than 5 years)

    Pros

    Benefits were the only positive thing I had while employed there

    Cons

    Horrible management. They talk down to you and bully you. The HR dept seems to only be there to support the managers.


  2. "PFG helps employees strike the right balance"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Approves of CEO

    Pros

    Managers strive to help employees achieve a work/life balance.
    The integrity displayed by upper management and career agents of Principal Financial Group is very impressive.

    Cons

    Principal Financial Group is generally a fairly conservative company.
    It's somewhat frustrating for people that want a more energized and fast paced environment.

    Advice to Management

    Do more to encourage new ideas and break down the hurdles that tend to stop idea generation and implementation.
    Understand what really drives the highly talented employees and do more to satisfy their needs.

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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