Principal Financial Group Reviews | Glassdoor

Principal Financial Group Reviews

Updated November 29, 2017
559 reviews

Filter

Filter

Full-timePart-time

559 Employee Reviews

Sort: PopularRatingDate

Pros
Cons
  • Pay is often not competitive for like positions in the Des Moines market (in 32 reviews)

  • Drive time to work so it would be nice to work from home (in 9 reviews)

More Pros and Cons

  1. "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.


  2. "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.

  3. "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.


  4. "Middle Management Deadlock"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer in Des Moines, IA
    Former Employee - Software Engineer in Des Moines, IA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    flexible work schedule
    lots of time off (at that time)
    nice attached daycare at headquarters

    Cons

    too much & entrenched middle management

    Advice to Management

    your job is to find a way to say "yes" - to enable


  5. "Sr. Service specialist"

    StarStarStarStarStar
    Current Employee - Senior Customer Service Specialist in Des Moines, IA
    Current Employee - Senior Customer Service Specialist in Des Moines, IA

    I have been working at Principal Financial Group (Less than a year)

    Pros

    The wellness center is top notch. The equipment is very good.

    Cons

    The investment return on investments are low compared to others. Management from the Mason City office has a difficulty time communicating globally. They come across as bullyies and degrading to locations outside their locations.

    The office manager and assistant manager are extemely closed to convesation. If accepting a position find out all the management you will be involved with. There are many.

    Advice to Management

    Communicate to each other globally and realize the value of your team.


  6. "Financial Representative"

    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

    Flexible schedule, nice professionals, great available resources.

    Cons

    Commission based salary, not so stable.


  7. "Good company"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Principal Financial Group full-time

    Pros

    Great company with lots of benefits

    Cons

    very large company so not much individual artention

    Advice to Management

    Take more time with employees

  8. "Largely Corporate, but not terrible"

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

    I have been working at Principal Financial Group full-time (More than a year)

    Pros

    Lots of room to move around
    Culture is improving
    Great people work for this company

    Cons

    Certain metrics for performance are outdated
    Large company and very slow at change
    So much "pork" for IT debt

    Advice to Management

    High performance as an employee doesn't always equal great leadership skills as a manager


  9. Helpful (2)

    "A company that invests in its employees"

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

    I have been working at Principal Financial Group full-time (Less than a year)

    Pros

    Competitive Salary
    Great Benefits Package
    Passionate Colleagues
    Excellent Growth Potential
    Longevity
    Stability
    Innovative Company that is willing and open to adapt to new technology and economic trends.

    Cons

    The only one I can think of is too many software and system portals to use as a field employee, but other than that excellent place to be.

    Advice to Management

    Consolidate technology into a single platform for tracking business levers


  10. Helpful (1)

    "Leaders are iffy"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Marketing in Des Moines, IA
    Former Employee - Marketing in Des Moines, IA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Principal Financial Group full-time (More than 8 years)

    Pros

    Some good leaders are there

    Cons

    Your experience depends on your boss. If you have a crappy one, it will suck. If you have a good one, you're set. I had 10 bosses in 10 years. They like to move people around a lot.

    Advice to Management

    Train your leaders to become decent human beings.


Showing 559 of 634 reviews
Reset Filters