Principal Financial Group Reviews | Glassdoor

Principal Financial Group Reviews

Updated September 18, 2017
536 reviews

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3.5
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Daniel J. Houston
111 Ratings

536 Employee Reviews

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Pros
Cons
  • Pay is often not competitive for like positions in the Des Moines market (in 30 reviews)

  • Wish it was easier to work from home or if there were more locations around Des Moines to work from (in 8 reviews)

More Pros and Cons

  1. "Nice"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Pune (India)
    Former Employee - Anonymous Employee in Pune (India)
    Recommends

    I worked at Principal Financial Group full-time (More than 3 years)

    Pros

    Learning edge, Competitive pay scale

    Cons

    Work Life balance , work Enviornment


  2. "General"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Principal Financial Group full-time

    Pros

    Leading global fortune 500 company

    Cons

    Multi- layered levels of management with committee approach; lacking efficient delegated decision making process

    Advice to Management

    Greater recognition of employee innovative

  3. "Chielf Photographer"

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

    I worked at Principal Financial Group full-time

    Pros

    At one time, had a good PTO policy. When started many years ago, a much more family friendly company. Now, they are beholden to stock holders.

    Cons

    Demonstrates age discrimination. When employees get close to retirement age, many are let go or encouraged to leave. Very liberal organization to the point of being ridiculous. Seem to be focused more on social issues than completing the work at hand.

    Advice to Management

    Problems with middle management. Many middle managers are just self serving. Upper management is better but may be isolated from middle managers.


  4. "Good company to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Principal Financial Group full-time

    Pros

    Good work life balance

    Cons

    Slow Growth, compensation could be better


  5. "Good Company."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Marketing Associate in Des Moines, IA
    Current Employee - Marketing Associate in Des Moines, IA
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    Work life balance.
    Good people.
    Pay is ok.
    Lots of amenities on-site in DSM.
    Career growth options.

    Cons

    Slow to make changes.
    Slow to adapt to new technologies.

    Advice to Management

    Invest more in competing with technology.


  6. "Technical Lead"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Technical Lead in Pune (India)
    Former Employee - Technical Lead in Pune (India)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Principal Financial Group full-time (More than 10 years)

    Pros

    Great work life balance
    Cab facility
    great company if you do not have any financial liabilites

    Cons

    - lot of politics as in every other company

    Advice to Management

    Retain tenured talent


  7. "Great Culture!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Principal Financial Group full-time

    Pros

    1. Work Life Balance
    2. Competitive Pay
    3. Freedom to Ideate

    Cons

    1. Mid level Management
    2. No Growth Plan

    Advice to Management

    Performers must be pushed forward.

  8. Helpful (1)

    "FTO"

    StarStarStarStarStar
    Former Employee - Account Executive in Atlanta, GA
    Former Employee - Account Executive in Atlanta, GA

    I worked at Principal Financial Group full-time (More than a year)

    Pros

    Great benefit depending on how flexible your manager is... can also be used as work from home days. FTO was one of my favorite perks while working there

    Cons

    It can be complicated to use your FTO depending on your manager and coworkers. My coworkers made it complicated to use and some abused it.


  9. "Global career opportunity; small city life"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Director in Des Moines, IA
    Former Employee - Assistant Director in Des Moines, IA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at Principal Financial Group full-time (More than 10 years)

    Pros

    Principal is a global company and offers a variety of opportunities for individuals to work and travel internationally while residing a small city.

    Cons

    Seniority and job titles are very important and are often the primary factor in promotions and assignments, rather than skills, performance or potential. Pay is often not competitive for like positions in the Des Moines market.

    Advice to Management

    Do what you say you are going to do. If you want empowered employees and a flexible work environment, HR and leaders need to support and deliver that, not just "sell" the concept.


  10. Helpful (1)

    "Account Executive"

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

    I worked at Principal Financial Group full-time (More than 10 years)

    Pros

    This is a great company with strong Mid-Western values. They are consistent in their msg and make certain to not waiver in uncertain times for both their clients and employees. They are offer great benefits and are very family friendly.

    Cons

    Field offices offer less room for advancement unless you are willing to move.


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