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Principal Financial Group

Engaged Employer

Principal Financial Group reviews

3.8

72% would recommend to a friend

(2,592 total reviews)
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Deanna Strable

79% approve of CEO

69% positive business outlook

Principal Financial Group has an employee rating of 3.8 out of 5 stars, based on 2,592 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
Apr 28, 2017
Recommend
CEO approval
Business Outlook

Pros

For Pune location: 1. Good joining compensation 2. Group Insurance policy 3. Free transport (cab) facility 4. Comparatively less work pressure (due to this, most spaces are occupied by married women, mostly mothers - for years) 5. Salary received on last working day of every month.

Cons

For Pune location: 1. the way in which the performance appraisal process is carried out by management (this happens twice a year and is the period when employees are frustrated and pissed off the most) 2. no transparency in promotion policy; Managers and HR are incapable of answering the related questions and always provide fancy sounding answers to fool the employees. 3. unapproachable or non-responding Human Resource (HR) department. 4. Lack of technical knowledge to most of the managers / leaders. If you wish to have manager's guidance in technical areas, then it is myth in Principal Pune. 5. Following the Agile principles for the namesake; actually no department has come out of waterfall mindset yet. Still they boast of Agile world. Clear Over-hyped here. 6. Middle management is not capable of taking cues from top management goals and derive business unit level goals for Pune employees. Here they are completely dependent on US based counterparts. So rest of the App developers / BAs / POs / QAs get dragged behind such copy+pasted strategy. 7. Mid management does paperwork for planning but lacks the drivers for executing the same; also it lacks managers who can lead from front to implement the plans. Due to this most of the plans have never come into existence and remained on power point slides. 8. Only 4 organizational leaves per year in addition to 30 individual leaves. 9. Cafeteria food quality can definitely be improved. 10.Career growth gets stopped after a while. 11.Favoritism is promoted a lot by managers / leaders. 12.Managers/ leaders are not aware of your work so before appraisals they try to get that knowledge from their favored employees (who can easily malign or downgrade your work). 13. Too old technologies to work upon. Other competitors and even the start-ups are providing better technologies. 14. Lack of transparent communication at most of the levels. 15. Not much motivation and time given for practical innovation.

5.0
Apr 21, 2017

Perfect work life balance

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Best company with tons of employee benefits

Cons

None. Cannot think of anything.

4.0
Apr 18, 2017
Recommend
CEO approval
Business Outlook

Pros

Work life balance is very good apart from decent salary. The best part being that everyone is approachable and you can discuss things with them easily. What I have observed is that your concerns are listened and worked upon. Takes initiatives for the employees to make them capable with new technologies.

Cons

HR is the worst section here, some HR people had with the company from the start and thinks the are the big shot here; team matters a lot when getting a promotion, so good teams means good visibility.

Viewing 2077 - 2079 of 2,592 Reviews

Glassdoor has 3,084 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.