Going Downhill - Software Engineer Principal Financial Group Employee Review

They will pull the rug out from under you with no legitimate reason (i.e. hire you as a remote worker and then force you to come in with the only reason being "management feels this will be better for you"). Our health benefits have gotten progressively worse. There is no transparency or clarity as to what you will be doing in 3-6 months. Even at the end of last year there was a consistent vibe around the company that we don't know what would be happening in the new year. Upper management will talk the talk of "we want empowered workers" but will sneer when you point out that current policy decisions don't fit that talking point. Pay is low even for the Des Moines area, it is "made up for" by having a market-based bonus that's not guaranteed. In the last few years PFG got rid of inflation-based raises. With the record inflation of the last few years, you can perform great and get a pay increase that doesn't even keep pace with day-to-day living. This is stellar as in 2023 PFG did over $400 million in stock buy backs (so the money exists). Every team that I am aware of is continually understaffed, and when staff is added it comes in the form of contract workers so "we have some fat that can be carved off if times get tough".