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Principal Financial Group

Engaged Employer

Principal Financial Group reviews

3.8

71% would recommend to a friend

(2,586 total reviews)
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Deanna Strable

81% approve of CEO

68% positive business outlook

Principal Financial Group has an employee rating of 3.8 out of 5 stars, based on 2,586 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 20, 2020
Recommend
CEO approval
Business Outlook

Pros

- Pay is decent, especially for someone recently entering the workforce. - Days go by fast. - Good-ish benefits. - Gym, free parking at DSM campus when open.

Cons

The stress this job will bring is unbearable. There is no where near enough time to get everything done in the day, with extremely high pull expectations on top of dealing with incoming calls from claimants (and not just your claimants, you are required to be on hunt group, so you are taking calls from others claimants as well). Claimants constantly frustrated, rightfully so, as you are so overworked it is virtually impossible to adequately help them. I seriously had to get a therapist because of this position and was crying on a regular basis, both during and outside of the workday. Especially in a work from home environment now where it is hard to escape, I would not recommend this position.

2.0
Mar 19, 2020

Not worth the stress

Recommend
CEO approval
Business Outlook

Pros

Ability to work remotely, flexible work schedules

Cons

Worked to death. Expectations are unrealistic. Caseloads are unmanageable. The phone rings nonstop so you feel more like a call center employee rather than a claim analyst at times. You are expected to take your own calls plus everyone else’s. You are expected to work your own claims plus everyone else’s. The turnover is high, leading to “abandoned caseloads” which must be absorbed by those remaining. It’s not realistic to keep up with. There is no such thing as a 40 hour workweek although you’re expected to be able to meet expectations without overtime. Claimants are often disgruntled because of timing and communication issues - the reason behind that is no one has the time to do everything we’re expected to do in an 8 hour workday. I work nonstop just to maintain and it’s a vicious cycle. It’s exhausting and anxiety inducing. Everyone is burnt out, including management. You are also “feedbacked” to death. There is endless scrutiny over every single action taken on a claim - and feedback/direction is often subjective depending on who happens to review a claim at any given time. Impossible to take PTO without working around the clock nonstop to get caught up afterwards.

2.0
Jan 21, 2020
Recommend
CEO approval
Business Outlook

Pros

Very nice gym at HQ that's free to use, free parking, tunnels to avoid weather between parking garage/different buildings. Most people in PGI (think Wall St) seem to enjoy what they do. Pretty good benefits.

Cons

Mgmt wants to keep everything like it has been, not open to new ideas, you won't be recognized for being good at your job. Everything is about being friends with mgmt and not about merit. Training is lacking and you will be faulted for not doing more yourself. I asked for more work, was not given any, and then reviewed poorly for not being able to read minds and take work from others (that I wasn't trained on). Pay is exceptionally poor and raises are non-existent. Good luck surviving long enough to get a promotion after being overworked and underappreciated.

Viewing 124 - 126 of 2,586 Reviews

Glassdoor has 3,077 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.