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Principal Financial Group

Engaged employer

I loved my job. But that all depends on what area of the company you work for. - Anonymous Principal Financial Group Employee Review

5.0
13 Nov 2014
Recommend
CEO approval
Business outlook

Pros

Great benefits including free fitness classes and exercise equipment or they pay a portion for gym memberships. They have onsite lunch rooms, Weight Watcher meetings, free lunch n learns, plus good pay and vacation.

Cons

I was treated great & loved my 30 year job. I was laid off and ended up working there a year later (different area) for 5 months and am still amazed at what they allowed to happen.

Explore other reviews about Principal Financial Group

5.0
24 Jun 2026
Recommend
CEO approval
Business outlook

Pros

good FTO policy good opportunity for career development flexible work arrangements

Cons

health insurance sucks - United annual reviews- everything's made up and the points don't matter more and more pressure to be in-office despite team members being remote

2.0
4 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Decent work life balance and benefits. Principal offers a pension which is unheard of in today’s age.

Cons

Pay is below average and Principal does not offer inflation raises. Once you hit the midpoint of your salary, you will get a 0% raise until you’re promoted, which will take multiple years regardless of performance. Performance reviews are vague and often used against employees to avoid promotions. At least in my department, I’ve yet to see any of the remote workers be promoted. This is starting to affect attrition and we’re already starting to see people leaving. It’s well known at this point that the best way to get promoted is to leave Principal and get rehired, which even leadership has stated publicly. This is a huge frustration and blow to morale, as it starts to feel like employees need to compete against their co-workers for raises.

1
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Principal Financial Group Response
1w
We appreciate you sharing your feedback. As a leader in retirement solutions and employee benefits, we strive to provide our employees with a competitive benefits package. Our global pay philosophy is guided by market-driven principles. and we leverage third-party market data to ensure our base salary and incentives remain appropriately competitive.
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