Principal Financial Group Reviews | Glassdoor

Principal Financial Group Reviews

Updated April 21, 2017
500 reviews

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500 Employee Reviews

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Pros
Cons
  • slow advancements unless you move to Des Moines (in 29 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. Helpful (2)

    "Information Security Analyst - Senior"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Information Security Analyst - Senior in Des Moines, IA
    Current Employee - Information Security Analyst - Senior in Des Moines, IA
    Doesn't Recommend
    Negative Outlook

    I have been working at Principal Financial Group full-time (More than 5 years)

    Pros

    Flexible work environment
    Low pressure atmosphere

    Cons

    10 years behind the curve on security practices/view points
    Business puts low value on security
    Very low salaries for high demand skills
    Politics more important than skills for advanced promotions

    Advice to Management

    Move away from broad job classifications, salaries need to be commensurate with skill level AND market demand. The "benefits" you tout as differentiators are not.


  2. "IT Intern"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Des Moines, IA
    Former Employee - Anonymous Employee in Des Moines, IA
    Recommends
    Positive Outlook

    Pros

    Principal has a great work environment with great people working in it. And the renovated office spaces are very conducive for collaboration.

    Cons

    The atmosphere can change from department to department. I had a very open and collaborative team, but I know not all teams are that way. They are also a little slow in adopting agile.

    Advice to Management

    Keep challenging and engaging your employees. The internship provided a lot of opportunities to challenge interns to learn more and become better employees and people.


  3. "Meeting Planner"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Meeting Planner in Des Moines, IA
    Former Employee - Meeting Planner in Des Moines, IA
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Best job! I loved working for this company. Great benefits!

    Cons

    Department manager should share same feelings about flex time and wellness time as the company culture offers.


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  5. "Don't work at a field office"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Support Specialist in Waltham, MA
    Former Employee - Sales Support Specialist in Waltham, MA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    I worked at a field sales office. The reps I supported were amazing as was the sales manager. The size of the team lead to establishing amazing relationships.

    Cons

    Sales staff was commission only and as a result they could be demanding and difficult to work with. Commute was brutal.

    Advice to Management

    None


  6. Helpful (2)

    "Sr Sales Support Specialist"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Sales Support Specialist in Des Moines, IA
    Former Employee - Senior Sales Support Specialist in Des Moines, IA
    Doesn't Recommend
    Negative Outlook

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

    Pros

    PFG has the best daycare in Des Moines. They also offer pension with the 401k.

    Cons

    Favoritism of management, no work/life balance, unrealistic expectations with low pay. Every year management gives the "2.8% bucket" lecture... hard workers who aren't the favorites get even less of a raise. They expect employees to come back from maternity leave, get no training, then produce the same amount of work as those fully trained. Forget about calling in! After calling in 3x in one year, management made up a "policy " threatening termination of employment if it continued to occur even AFTER physicians notes were furnished and when employee proved the policy didn't exist PRIOR to the call ins. Sales staff are unreasonable and unprofessional yet I was to support them with high degree of professionalism, total double standard.

    Advice to Management

    Learn what ethics means. Mass email robbing employees of 7%of their salary. A year later, another mass email that you are exiting medical business and mass layoffs will ensue. You are screwing with employees lives. As one of the bigger employers in Des Moines, you should set a standard for high standards, not be the reason for other employers to brag about their ethics and your lack there of.


  7. Helpful (2)

    "Defined benefit technician"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Defined Benefit Technician in Cedar Falls, IA
    Former Employee - Defined Benefit Technician in Cedar Falls, IA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Casual dress and that about it for pros

    Cons

    Started promised 40+ hours a week was lucky to get 20. Training was a disaster. Everyone does something diffent from training manuals provided. Uper management has no clue. We were gave projects with a different trainer for each one. Sometime trained and then retrained after half project was finished.

    Advice to Management

    Train the trainers. Learn communication and consistancy.


  8. "Accountant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Des Moines, IA
    Current Employee - Anonymous Employee in Des Moines, IA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Principal Financial Group full-time (More than 3 years)

    Pros

    Senior leaders are genuinely interested in personal development and aiding employees to meet their career goals. Salaries are more than fair and the bonus program is generous.

    As an employee, I am pushed to be innovative in my space and share ideas. As a leader, I am taught to coach my direct reports to do the same.

    Principal is financially conservative but socially liberal and is doing a great job of developing a culture of inclusion and diversity.

    Cons

    They tighten up budgets when the economy gets rough, but doesn't loosen reigns when the market stables. Like many companies around the world, employees are asked to do more with less.

    Advice to Management

    Continue to actively listen to employees and demonstrate you are really listening.


  9. Helpful (2)

    "I had a horrible experience working here."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Retirement Specialist in Des Moines, IA
    Former Employee - Retirement Specialist in Des Moines, IA
    No opinion of CEO

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

    Pros

    Climate-controlled office. Indoor plumbing. Briefly spoke with a celebrity on the phone at my oh-so-glamorous call center cubicle. Having learned that I will never work at such a horrible company again.

    Cons

    Feeling like a number in a large, hierarchical, dysfunctional organization. Micromanaged to cellular level. Pretty much stuck at my cubicle the whole day without much freedom to walk around.

    Advice to Management

    I don't even know where to begin...


  10. "Director"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Managing Director in Parkland, FL
    Former Employee - Managing Director in Parkland, FL

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

    Pros

    Products - training - compensation - helpful - teamwork - trips - marketing - advanced training - benefits

    Cons

    flexibility - cost to keep office- upper management doesn't play a role or care what goes on locally.

    Advice to Management

    Pay attention to what the advisory have to say - they know more then you think


  11. "Awesome Company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Senior Management
    Former Employee - Anonymous Employee in Des Moines, IA
    Former Employee - Anonymous Employee in Des Moines, IA
    Recommends
    Approves of CEO

    Pros

    Principal was all in all a great company to work for. Dan Houston is an awesome CEO who is doing great things with the company: One Principal & empowered employees. The people are friendly and they really are about work-life balance.

    Cons

    There really weren't any cons to working at Principal. Maybe all the construction that is going on but it is what it is and will look great after it is all complete.



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