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Principal Financial Group

Engaged Employer

Principal Financial Group reviews

3.8

72% would recommend to a friend

(2,579 total reviews)
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Deanna Strable

82% approve of CEO

68% positive business outlook

Principal Financial Group has an employee rating of 3.8 out of 5 stars, based on 2,579 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
3.0
May 7, 2024

Uninspired

Recommend
CEO approval
Business Outlook

Pros

Benefits are comprehensive and affordable. Retirement benefits stand out among similar companies. Historically has been viewed as a stable "good" company to work for in the Des Moines area. Campus and fitness center are very nice. Pay is not high, but it is usually fair in most cases.

Cons

Flexibility and rhetoric around work life balance is deteriorating. Even a few years ago, this was a differentiator for Principal. Conservative and slow approach to almost everything. Be prepared for nothing to happen quickly. Lots of workers coming and going. With the churn of employees, culture is shifting in an unusual way. Connections with peers and management are usually not genuine. Pressure on benefits and pay. Many of the changes made in the past 10 years have worked against the employee.

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Principal Financial Group Response
2y
Thank you for taking the time to share experience. We remain committed to flexibility and supporting a variety of work arrangements to help balance the value employees place on flexibility with the value of working together in person when and where we can. We're also invested in building the best possible experience for our employees. It takes all of us to bring our enterprise strategy to fruition. We encourage you to have an open conversation with your leader and team about how you contribute to our success.
3.0
Aug 10, 2023
Recommend
CEO approval
Business Outlook

Pros

-Great flexibility if you can work remotely -Truly unlimited PTO -The internal IT community is very happy to help out across team lines -Building up an Inner Source culture

Cons

Recently, the decision was made to force employees within a 30 mile radius of the Des Moines Headquarters back into the office at least 3 days per week. Management claims this will not affect the opportunities of fully remote employees but time will tell if that is true. It is easy to feel left out when your in-office colleagues are participating in team building activities but there is no budget available to fly in remote employees. Management does not seem to understand that budget for travel is part of the cost of remote employees. It is very naive to ignore that piece of the equation, and does not align with the claim that Principal is remote friendly. Management just seems to be disconnected with what their employees want from a workplace. -Sometimes decisions are made before proper infrastructure or processes are in place -Compensation is typically below average -Not fully supportive of remote work

1.0
Apr 21, 2022
Recommend
CEO approval
Business Outlook

Pros

The buildings are very clean. If you are lucky you don't have to go there...

Cons

Tons of legacy technology. Massive reorgs happening. Totally disrespect people with experience unless you are cloud focused and totally woke. All the smart people are leaving.

Viewing 40 - 42 of 2,579 Reviews

Glassdoor has 3,068 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.