Principal Financial Group Reviews | Glassdoor

Principal Financial Group Reviews

Updated August 1, 2017
522 reviews

Filter

Filter

Full-timePart-time

522 Employee Reviews

Sort: PopularRatingDate

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. "financial advisor"

    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
    No opinion of CEO

    Pros

    Good company, good people to work with

    Cons

    No base salary, have to work hard to get commission


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

    StarStarStarStarStar
    • 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

  3. "Exitd"

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

    Pros

    Professionally handled. They were not judgemental.

    Cons

    They demand performance. I missed my goals.

    Advice to Management

    Take personal complications into account.


  4. Helpful (3)

    "Sr Sales Support Specialist"

    StarStarStarStarStar
    • 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.


  5. Helpful (1)

    "Project Management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Principal Financial Group full-time

    Pros

    Good benefits, and Updating work spaces

    Cons

    IT management only cares about the bottom line vs people


  6. Helpful (3)

    "Defined benefit technician"

    StarStarStarStarStar
    • 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.


  7. Helpful (1)

    "Accountant"

    StarStarStarStarStar
    • 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.

  8. Helpful (6)

    "I had a horrible experience working here."

    StarStarStarStarStar
    • 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...


  9. "Changes are a coming...."

    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

    Principal is a conservative yet forward thinking company. With new DOL regulations beginning 1/1/17 they are positioned to stay an industry leader.

    Cons

    It feels like salaries are going down as commissioned positions are affected by the DOL rulings.

    Advice to Management

    This ia rhe time to be a leader in human capital AND AUM. Please be sure to price jobs a little higher today, the rewards will come back 10 fold.


  10. "Awesome Company"

    StarStarStarStarStar
    • 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.


Showing 522 of 585 reviews
Reset Filters