Principal Financial Group reviews

I became a Principal employee through their recent acquisition of Wells Fargo Retirement division (IRT). The entire transition process was a disaster, leadership was largely absent and didn't give the impression that former IRT employees were valued. We truly were the ones that kept things from completely falling apart. We were moved over at the same pay rate, however, our roles at Principal came with many added responsibilities. Due to this, the position paid much more than our IRT pay. Principal refused to adjust pay to the position's pay scale which effectively made you work at a discount (actually paid below the position's minimum). This position in particular was instrumental in retaining clients, the majority of which did not like most things at Principal. No leadership, operational failures galore, angry clients, and paid under the pay range minimum. I stuck it out for a year post-transition in hopes that things would improve, they did not.

Management comes to meetings in bath robe when she showed up; advised of system issues and no resolution came until I was on a list for adherence issues and THEN she put me in touch with someone who fixed the issue immediately. Manager didn't know how to put in segments for make up time in schedule, took an hour to show me and still had to pass it on to one of my colleagues to show me how to properly do it. No communication to understand how much time can be used in system issues until you are written up. Manager does not know how to do the job. Opportunities were not clearly laid out AND I am being paid beneath the salary range for the job per the internal guidelines.