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Principal Financial Group

Engaged Employer

SAY No to Claim Life if you want to Live Your Life - Senior Claims Examiner- Claim Analyst Principal Financial Group Employee Review

3.0
May 9, 2016
Recommend
CEO approval
Business Outlook

Pros

All of the fringe benefits are positive- Flexible in the hours you actually work, good food , healthy options and homemade options with on site cafe, good work out facility, decent benefits, clean working environment.

Cons

Management is cliquish, HR is sub-par, and the salary can be at the bottom of the range They are working on this in the claims department trying to bring up the pay to be on par with other claims departments in the area. If you are hired hourly you are expected to work 50 plus hours as needed. Which ends up being all the time. So the flexibility is just in the hours you work but you will actually be working all the time. Good if you just want to make money and have no life. Claim work is exhausting. It has a very high burnout rate and management does not have a clue on how to fix the problem- which seems simple HIRE more people and increase retention of the employees you already have, by treating them better! Career opportunities are non existent in the Claim department.

Explore other reviews about Principal Financial Group

5.0
May 28, 2026
Recommend
CEO approval
Business Outlook

Pros

Three years in and still LOVE it. Great leadership. Work-like balance. Principal invests in their employees with training and professional development. It's very telling when literally thousands of employees have been there for 20-25-30+ years.

Cons

First time in a large company. Sometimes it is tricky to find the right internal partner to get the answer you need.

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Principal Financial Group Response
1w
We appreciate your feedback! Hearing that you felt supported reinforces what we're proud of—the strong community we've built together.
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
8h
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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