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Principal Financial Group

Engaged Employer

Principal Financial Group reviews

3.8

71% would recommend to a friend

(2,587 total reviews)
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Deanna Strable

81% approve of CEO

68% positive business outlook

Principal Financial Group has an employee rating of 3.8 out of 5 stars, based on 2,587 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Principal Financial Group employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

3K reviews
2.0
Nov 8, 2015

No appreciation

Recommend
CEO approval
Business Outlook

Pros

Corporate benefits, onsite gym, views from the top floor windows

Cons

After the 2008 financial crisis, the company took away a lot of the extra perks and laid off the more 'expensive' employees. The ones that were left were stuck absorbing all the extra work, with little to no raises each year. There is a yearly bonus, but nothing to be too excited about. Goals are a joke just like other corporations and there is 'never any money' for raises or promotions. Employees work their butt until they realize that is getting them nowhere. The culture was depressing with good reason. My department continuously did very poorly on the employee survey, and one year, we even 'got in trouble' for having such bad company reviews! If you manage to get a promotion/raise, there are 10 additional duties/goals added and you're on the chopping block for the next round of layoffs. And portfolio managers and other non-marketing leadership run the marketing department.

3.0
Sep 21, 2015

Unspecified

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

benefits, retirement plan, and you find supportive people internally from other departments, development events and PTO is a plus!

Cons

management is horrible! the leader from my department is not very supportive and the work environment is not friendly nor caring about or development. unfortunately, is very hard to move to another position, because there is a lot of lack from support from the leader. Also, from my personal experience, I LOVED the company and really did put a lot of effort into my work and everything and it was NOT appreciated. So, overall a big lack of understanding and support from leader.... gossip and terrible work enviornment and felt bullied!!!!

3.0
Sep 18, 2015
Recommend
CEO approval
Business Outlook

Pros

Good benefits overall. Lots of opportunities to change jobs within the company.

Cons

Salaries are not the greatest relative to other similar employers. The company is too large and bureaucratic to adapt quickly to changes in its environment. Management was out of touch and resistant to new ideas.

Viewing 136 - 138 of 2,587 Reviews

Glassdoor has 3,078 Principal Financial Group reviews submitted anonymously by Principal Financial Group employees. Read employee reviews and ratings on Glassdoor to decide if Principal Financial Group is right for you.