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Principal Financial Group

Engaged employer

Ensure you are selecting your manager not the job - Business Analysis Sr Analyst Principal Financial Group Employee Review

2.0
7 Dec 2024
Recommend
CEO approval
Business outlook

Pros

A great place to work if you have a great leader.

Cons

Your manager determines: Your mental health Your promotions Your career goals Your work-life balance Your best interests During the interview process I met with my manager, and we had great connection. Shortly after starting my manager was changed and I received a toxic manager who not only demoted my career but my physical, emotional and mental health. Human resources did not provide any support when asked, everything is determined by your leader.

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Principal Financial Group Response
1y
Thank you for bringing this to our attention. At Principal, we take these matters very seriously. We’re committed to providing a diverse, equitable, and inclusive work environment, free of unlawful discrimination, and harassment. 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.

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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