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Principal Financial Group

Engaged Employer

Principal Financial Group reviews

3.8

72% would recommend to a friend

(2,587 total reviews)
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Deanna Strable

81% approve of CEO

69% positive business outlook

Principal Financial Group has an employee rating of 3.8 out of 5 stars, based on 2,587 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 Finanzas industry (3.7 stars).

Reviews by job title

3K reviews
2.0
Sep 4, 2024
Recommend
CEO approval
Business Outlook

Pros

Very light workload. If you're able to put in a few hours a day you will rise to the top performers list

Cons

Leadership is a mess. Technology is decades old. Change is nearly impossible to make. Only those who have been there at least 10 years have any kind of pull on technical approach. Pay is below average and leadership refuses to accept that this is why people are leaving.

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Principal Financial Group Response
1y
Thank you for taking the time to write a review. We're invested in building the best possible experience for our employees, and seek to foster an innovative, inclusive, and collaborative culture. In that spirit we encourage you to visit the HR Service Center to provide your feedback.
4.0
Sep 3, 2024
Recommend
CEO approval
Business Outlook

Pros

They have good benefits and PTO.

Cons

Lack of pay or loyal employees.

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Principal Financial Group Response
1y
Thank you for for taking the time to leave a review. As a leading provider of retirement solutions and employee benefits, we offer our employees a competitive benefits package. One of our guiding principles of our global pay philosophy is to be market driven. This means that total pay is set and administered in alignment with the external labor markets in which we compete for talent. We use third-party market data to help ensure base salary and incentives are appropriately aligned.
1.0
Sep 3, 2024
Recommend
CEO approval
Business Outlook

Pros

Nice flexibility. Most coworkers are easy to work with.

Cons

Two reorgs in the first 8 months I've been with the company. A sure sign management doesn't know what they are doing when the only solution is to shuffle people around and hope it helps. A clear bias is shown towards Des Moines-local employees. My direct manager (or "leader" in Principal-speak) was completely clueless as to what it took to lead a team. I spoke with my leader's leader about it and was brushed off. People don't leave bad jobs, they leave bad leaders. For a company that specializes in benefits, requiring 3 years of employment before 401k matching is vested is lame.

avatar
Principal Financial Group Response
1y
Thank you for taking the time to write a review. We're invested in building the best possible experience for our employees, and seek to foster an innovative, inclusive, and collaborative culture. In that spirit we encourage you to visit the HR Service Center to provide your feedback.
Viewing 400 - 402 of 2,587 Reviews

Glassdoor has 3,078 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.