Does Principal Financial Group pay their employees well?

According to anonymously submitted Glassdoor reviews, Principal Financial Group employees rate their compensation and benefits as 3.7 out of 5. Find out more about salaries and benefits at Principal Financial Group. This rating has been stable over the past 12 months.

How satisfied are employees working at Principal Financial Group?

71% of Principal Financial Group employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated Principal Financial Group 4.0 out of 5 for work life balance, 3.9 for culture and values and 3.6 for career opportunities.

What are the top reviewed jobs at Principal Financial Group?

Software Engineer (159) , Analyst (103) , Financial Advisor (53) , Data Engineer (45) , Senior Software Engineer (45) , Retirement Specialist (44) , Software Developer (42) , Intern (38) , Business Analyst (31) , Process Specialist (29) , Associate Consultant (24) , Financial Analyst (24) , Software Engineer(Internship) (24) , Client Service Associate (23) , Senior Analyst (22)

What are the pros of working at Principal Financial Group according to real employee reviews?

"Great benefits and the company overall is working to have the employees to be more antonymous." ((in 237 reviews)); "Very fulfilling work with great people" ((in 155 reviews)); "good pay and bonuses ." ((in 103 reviews)); "Good work culture and processes" ((in 92 reviews)); "providing jobs and good salaries" ((in 61 reviews))

What are the cons of working at Principal Financial Group according to real employee reviews?

"Management is poor at highest and mid levels" ((in 110 reviews)); "Most managers have next to no idea what an employee is doing and rely very heavily on surveys given to each team." ((in 44 reviews)); "There is no training and you are literally thrown into the fire and nobody helps you." ((in 39 reviews)); "The policies that govern the requests for time off extremely difficult to deal with." ((in 12 reviews)); "management has gotten weaker and weaker, while upper management has become more focused on moving the stock price." ((in 11 reviews))

What are employees saying about Principal Financial Group layoffs in 2026?

Explore Glassdoor’s employee reviews to understand what current and former employees are saying about Principal Financial Group layoffs and their outlook for job security at Principal Financial Group in 2026.

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Principal Financial Group

Principal Financial Group reviews

3.8

71% would recommend to a friend

(2,585 total reviews)

Deanna Strable

81% approve of CEO

67% positive business outlook

Ratings by category

4.0

Diversity & inclusion

4.0

Work/Life balance

3.9

Culture & values

3.7

Compensation and benefits

3.6

Career opportunities

3.4

Senior management

Principal Financial Group has an employee rating of 3.8 out of 5 stars, based on 2,585 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).

Ratings by demographic groups

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Reviews by job title

3K reviews

3.0

May 22, 2025

could be a lot better

Retirement operations specialist

Recommend

CEO approval

Business Outlook

Pros

I love the flexibility that I get to work full-time remote. My team's pretty great. That's really about it.

Cons

Pay is pretty dismal to be honest. I was told that when I was hired my bonus would be 5% of my pay in fact was not. I did not receive a compensation increase due to it being my first year which I think dumb. Especially in this economy where everything is so expensive. I advise this to my manager and their recommendation was that I work more over time. Why would I want to work more overtime when my company that makes billions of dollars a year can just I don't know give me a livable wage. Not getting paid. A livable wage makes me feel extremely undervalued at my job.

Principal Financial Group Response

Thank you for sharing your perspective. 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

Aug 19, 2024

Dreams Die Here

Specialty benefits

Recommend

CEO approval

Business Outlook

Pros

Because they specialize in benefits, they do have good benefits.

Cons

Way too much bureaucracy and corporate politics. A lot of top leadership is very petty. Personnel decisions based more on who you are friends with than contributions. Lackluster culture.

Principal Financial Group Response

Thank you for taking the time to share your experience. If there is anything else you’d like to share, you can anonymously report through the Ethics Hotline (1-866-858-4433) or the Unethical or Fraudulent Activity Reporting form: https://secure.ethicspoint.com/domain/media/en/gui/54514/index.html.

1.0

May 2, 2024

Call Center

Financial counselor

Recommend

CEO approval

Business Outlook

Pros

Good compensation and an extensive training period.

Cons

Can change your schedule and make you work as late as 9 pm. Very similar to a call center job and can get incredibly draining and repetitive. No organization at all.

Viewing 64 - 66 of 2,585 Reviews

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could be a lot better

Dreams Die Here

Call Center

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