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Principal Financial Group

Engaged Employer

Principal Financial Group reviews

3.8

71% would recommend to a friend

(2,584 total reviews)
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Deanna Strable

81% approve of CEO

67% positive business outlook

Principal Financial Group has an employee rating of 3.8 out of 5 stars, based on 2,584 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
4.0
Apr 6, 2009
Recommend
CEO approval
Business Outlook

Pros

The Principal Financial Group has a great reputation in the Des Moines community. They are an established employer who is known to give their customers and edge in their retirement and insurance needs. Also, they provide their employees with an extensive (employee-paid) benefits package including 401(K), health, vision, dental, & a cash balance pension plan.

Cons

In my experience, the Principal Financial Group has not provided many chances to advance even before the current economic situation. Also, management frequently makes decisions without consulting with those who know the jobs best and can annalyze the impacts. Finally, the pay at the Principal Financial Group does not really seem to be tied to your experience or performance.

3.0
Apr 4, 2009
Recommend
CEO approval
Business Outlook

Pros

The people are great and the working environment is decent no frills.

Cons

The compensation, less competitive in the State in addition to the lack of perks if not located in the coporporate office.

4.0
Feb 26, 2009
Recommend
CEO approval
Business Outlook

Pros

Very good benefits package, flexible work schedules. Ethical company, good commitment to customer. Provided good severance to workers during recent reduction in force. Team members committed to doing a good job. Good commitment to local community - foundation sponsors a number of charities and community improvement initiatives. Senior management making special effort to communicate to employees and provide perspective on economic and competitive environment.

Cons

Slow implementation of new technologies, pockets of micromanagement, overly restrictive security department can interfere with timely completion of projects. Difficult to advance - have to 'prove yourself in the position' before promotion. Recent reduction in force could have been handled more tactfully - employees knew it was coming for weeks before the day of the reduction, causing significant tension.

Viewing 2563 - 2565 of 2,584 Reviews

Glassdoor has 3,074 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.