Principal Financial Group Employee Reviews

Found 129 reviews matching the search
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The insanity of micro-management
Technology Lead Analyst (Current Employee) –  Des Moines, IASeptember 15, 2016
Talking to your co-workers about retirement, the upcoming cubs game, or the principal classic. If you are management or are one of their special people. Come in at 9 sit down for 15 go have coffee, scurry off to nonsense meeting. Sit and fumble with your new IWatch that you are unable to figure out. Go have a two hour lunch. Come back and belittle your staff for their inability to decipher what is really desired about your inability to make any decision. Go get more coffee, laugh about the evening plans. Cut out around 3:30 because hey you sent two emails and did about 15 minutes worth of work.


In IT your co-workers are generally pretty decent.  However if you are to survive do not offer your opinions, ideas, or strategies.  If you have passion for your career, check it at the door.  Career advancement forget about it unless you are a Des Moines forty under forty. Are you a forward thinker? This is completely unnecessary Principal wants to outsource everything. "Knowledge Worker" is the buzz word of the day sorry but willingness knowledge and know how have no place at the Principal. Are you capable of leading change teaching your colleagues lay down a logical strategy for the path forward you will only spin your wheels here.  In the rest of the world, Principals IT management, would be unable to secure a job as an elevator operator.  Though the management team loves to talk in analogy's and made up acronyms. So here is the deal if you are at all decent in your career field accept the fact that you will be completely micro-managed.

Pro's
They will pay you. but if you
  more... are lucky the raises are a meager 2%.
401K match is talked up as a 6% match on 8% contribution what they don't tell you is that there are loopholes on the match and much of your retirement savings will be eaten up by plan fee's. Review Principal's recent litigation history.
Health Insurance is OK but nothing special.
The Health Insurance will cover your out of work alternative lifestyle partner. Principal will not however cover your working spouse if they have a lousy insurance plan.
The sales piranha's will readily come a knocking to sell their insurance and fee based investment products. I swallowed it hook line and sinker.  The truth is like everything shop around talk to multiple folks find something that truly suits your needs.  In <99% of the time you will be able to find a more suitable product for less money.
  less
Pros
You can get paid to just show up.
Cons
MICRO-MANAGEMENT
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Inept Local Management Drives Away Employees
Agent (Former Employee) –  MarylandSeptember 6, 2016
Turnover is excessive as employees are driven away by the disingenuous nature of the managers. General disregard of comp and labor laws.
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Cedar Falls Management
Customer Service Specialist II (Current Employee) –  Des Moines, IAAugust 16, 2016
Productivity is the main concern; little personal development; Micro-management; Metrics and numbers are what matters to management. If you like the metrics and production numbers, then this is a good position.
Pros
Work life balance
Cons
Management
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Slave labor environment management chained you to your desks, EXTREME unrealistic productivity goals!
Life and Disability area (Former Employee) –  Des Moines, IAJune 15, 2016
Slave labor environment management chained you to your desks, EXTREME unrealistic productivity goals, every day is push, push, push never any help from management to jump in and assist the team or department! NO positive feedback ever from management, just criticism! HIGH TURN OVER RATE!
Co-workers were great, feel bad for everyone still there. The majority of co-workers in the department self-medicated or were taking high doses of prescriptions for severe depression and anxiety due to such harsh working conditions for so long.
No life balance.
Pros
Nothing
Cons
Everything
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Principal Financial Group
Sales Associate (Current Employee) –  New York, NYMay 8, 2016
Overall a great company with great people. Great work life balance with an opportunity to advance. Very extensive and well thought out training program
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Engaging atmosphere with great tools and support
Financial Representative (Former Employee) –  Grand Rapids, MIMay 2, 2016
A team-centric environment that gives you the support needed to build a successful business. Senior advisors are willing to help on virtually all appointments.
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Excellent Work/Life Balance and overall great place to work
Individual Investor Specialist (Former Employee) –  Des Moines, IAMay 2, 2016
Many excellent aspects to working for PFG including Training, Coaching and Management.

If you perform well in your position advancement is a given.

Productivity is a secondary concern but if you are within all other metrics the productivity will be there.
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Overall good place to work
New Business Case Manager (Former Employee) –  Charlotte, NCApril 24, 2016
While only there for 3 years, this was a good place to work. Good training made available. Many changes made in local office several years ago, that changed the atmosphere.
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Drama drama drama
Investor Specialist I (Former Employee) –  Grand Island, NEApril 6, 2016
This job was terrible. All your manager cares about is whether or not you make them look good. I was treated terribly. I was picked on even though I was making my goals and numbers. The team that I was on is known for being a dramatic team who chooses to 1 perosn to pick on at all times no matter how good at their job they are. I went to HR and my manager's manager about how I was treated and nothing was done. Principal does not care about their employees.
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Great company to work for!
Office Administrator (Current Employee) –  Downers Grove, ILApril 1, 2016
The Downers Grove location is a great place to work. I find everyone there to be very friendly. The office environment is casual and relaxed.
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work environment
Administrative Assistant (Former Employee) –  Charlotte, NCMarch 23, 2016
The work environment was pleasant. The work was easy But if you are a fast worker such as myself then there tends not to be enough work to keep you busy. But overall a descent place of work.
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Global Investment
Accountant Internship (Former Employee) –  Des Moines, IAMarch 23, 2016
A great place to work overall! I loved working with my leaders and mentors. It has been well worth being there. It was such a learning advancement for myself.
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Great Place to work
Client Service Associate (Current Employee) –  Mason City, IAMarch 19, 2016
Principal Financial Group is a great place to work if you like to work with 401 k plans. The benefits provided by the company is outstanding since it is fortune 500 company.
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Good solid company that is aware of work life balance
Sales Representative (Former Employee) –  Los Angeles, CAMarch 14, 2016
This is a great company. They take good care of their people and really have a passion for the business they conduct. I would encourage any serious professional to give thought to working at The Principal.
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Overall a very enjoyable place to work
Applications Associate 1 (Former Employee) –  Des Moines, IAMarch 2, 2016
I enjoyed working for this company very much. They have an excellent grasp of work/life balance and the importance of maintaining ones health.
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Great company
Talent Acquisition Intern (Current Employee) –  Des Moines, IAFebruary 6, 2016
Principal is a great company, wonderful culture of growth and inclusion. I highly recommend it to job seekers. The company encourages work/life balance with great benefits like PTO and paid holidays.
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Great company!
Contact Center Manager (Former Employee) –  Des Moines, IAFebruary 2, 2016
Principal Financial Group is an excellent company that operates with a very high level of integrity in everything they do. The opportunities for the development of employees and leaders are endless. Company truly believes in the good of 'giving back' and provides numerous volunteer opportunities for employees to get involved.
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Enjoyable job
New Business Case Coordinator (Current Employee) –  Des Moines, IAJanuary 5, 2016
There are plenty of opportunities for growth, decent management, great benefits, depending on the department will depend on how you can evaluate the job.
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Enjoyed the work Stats to complicated to meet
Dental Claims Analyst (Former Employee) –  Des Moines, IAJanuary 3, 2016
I enjoyed the work in the dental claims department but had a hard time meeting the stat requirements. The work was very interesting and I enjoyed it. However, trying to meet the stats requirements was extremely difficult. It was also difficult to get answers needed to complete work because we were technically only able to ask questions when it was scheduled question time.
Pros
Interesting work / Flexible Schedule
Cons
Stats were to hard to meet
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Challenging Environment with High Stress and High Rewards
Agent (Current Employee) –  Maitland, FLDecember 18, 2015
Principal Financial Group is a challenging place to work. This comes from the need to be self motivated in an arena that is hostile to agents. The average public has a skewed concept of what we do and as a result, the hardest part of the job is finding people willing to meet with us. This isn't without it's reasons, but the majority of agents are sincere, high integrity persons who genuinely desire to help people protect their families from the unknown. Once these initial barriers have been breached, the career is a solid, rewarding endeavor.
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Overall rating

4.0
Based on 194 reviews
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Ratings by category

Work/Life Balance
4.1
Compensation/Benefits
3.9
Job Security/Advancement
3.5
Management
3.5
Culture
3.9