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Principal Financial Group

Engaged Employer

Good Work Life Balance - But No future for QA People - Pune, India - Associate Consultant - QA Principal Financial Group Employee Review

3.0
Feb 15, 2016
Recommend
CEO approval
Business Outlook

Pros

Company has great work life balance. If you have leave balance you can avail it anytime. As far as I know this is the most secure IT company in Pune. You don't need to wait for appraisal letters as you will get it before 31st of March for sure. Initial package is good. Cab facility (Home pick up and drop).

Cons

If you are QA then please please please dont join this company and spoil your carrier. QA people is like garbage boy for Principal Global Services. If you at all wants to stay here then you will need to be very extra ordinary means you need to have below things at its best level, 1) Most important you should be very good at managing and doing events. Even if you are not good at work that is fine but you should be good at some extra activities apart from work like managing events, birthday party , games for employee, take parts in annual functions and so on. 2) You should know the development skills as well. As a QA they expect you to play a role of BA, QA and events organisation then only you will be able to survive here otherwise they will not terminate you but you will not get promotion and salary hikes. 3) As a QA you can only achieve the level of Team Leader. They will never promote a QA person to the manager level as they have adopted Agile and they wants the Scrum Master from Development back ground only. So QA people have no future over here. 4) Rating systems are pretty pathetic. They can give all the bloody reasons if they want to screw you up and you don't remain with any choices here. 5) Principal is now not paying as per the markets. 6) No promotion for at least 3 years for new joiners. 7) No Onsite. Dont even think about this option. If you ask them for onsite then they will laugh on you.

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
21h
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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