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Principal Financial Group

Engaged Employer

Good for people who want to run side business and don’t want to work in office. Also a great place to find love. - Senior Java Developer Principal Financial Group Employee Review

1.0
Jun 9, 2020
Recommend
CEO approval
Business Outlook

Pros

Cab service, Five star office with furniture and artifacts and not many people in sight

Cons

There is lots of mantra to grow in this company and one of them is by buttering. Work is not required because there are many managers who have not seen codes or been productive in ages. Other mantra is get very close to a senior management. You will lots of these very close couples and everyone around knows about it and makes fun of it but no one speaks of it. The cascading effect is now you see couples everywhere as the environment encourages it. Interference of these couples basis their likes and dislikes of others cause problems and issues. If highlighted the response you will get us it’s a personal matter. Many senior leaders have left the Organization and I am aware a lot of them are also trying since last few years but unable to get a job outside. So imagine the development you would get from such demotivated leaders. Most of the new management hired are people thrown out of other Organizations and we have taken them with open arms. HR should atleast do a good background verification on them.

Explore other reviews about Principal Financial Group

5.0
Jun 24, 2026
Recommend
CEO approval
Business Outlook

Pros

good FTO policy good opportunity for career development flexible work arrangements

Cons

health insurance sucks - United annual reviews- everything's made up and the points don't matter more and more pressure to be in-office despite team members being remote

2.0
Jun 4, 2026
Recommend
CEO approval
Business Outlook

Pros

Decent work life balance and benefits. Principal offers a pension which is unheard of in today’s age.

Cons

Pay is below average and Principal does not offer inflation raises. Once you hit the midpoint of your salary, you will get a 0% raise until you’re promoted, which will take multiple years regardless of performance. Performance reviews are vague and often used against employees to avoid promotions. At least in my department, I’ve yet to see any of the remote workers be promoted. This is starting to affect attrition and we’re already starting to see people leaving. It’s well known at this point that the best way to get promoted is to leave Principal and get rehired, which even leadership has stated publicly. This is a huge frustration and blow to morale, as it starts to feel like employees need to compete against their co-workers for raises.

1
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Principal Financial Group Response
1w
We appreciate you sharing your feedback. As a leader in retirement solutions and employee benefits, we strive to provide our employees with a competitive benefits package. Our global pay philosophy is guided by market-driven principles. and we leverage third-party market data to ensure our base salary and incentives remain appropriately competitive.
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