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Principal Financial Group

Engaged Employer

They believe their own hype - Software Engineer Principal Financial Group Employee Review

2.0
Sep 12, 2023
Recommend
CEO approval
Business Outlook

Pros

Not too many, since they’re currently forcing employees back into the office. Flexibility was their biggest benefit.

Cons

I witnessed a pattern of behavior over the years where older employees were strategically targeted in order to force them out. In IT, many older female employees were pushed out - throw in a bit of sexism to boot. It’s a common strategy - they’re following a management playbook that has IBM embroiled in at least one lawsuit over age discrimination. It’s a bad look for a retirement services company. They also use their “soft benefits” as justification for underpaying employees. Be aware that they no longer have much to differentiate them from the rest of the corporate pack. There are no substantial raises for the majority of employees. Team reorg and manager churn is an issue. It’s difficult to form a cohesive, functional team when upper management keeps moving the pieces around, trying to find the magic combination where they can get all the work done without hiring more people. Team management should be a valued skill, as opposed to a career stepping stone. I averaged one new leader per year. Don’t tell me that works for anyone.

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
1d
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.

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