Principal Financial Group Reviews | Glassdoor.co.uk

Principal Financial Group Reviews

Updated 19 Mar 2020

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3.6
71%
Recommend to a Friend
89%
Approve of CEO
Principal Financial Group President and Chief Executive Officer Daniel J. Houston  (no image)
Daniel J. Houston
258 Ratings
Pros
Cons
  • "Des Moines is not an ideal place for young people and foreigners(in 35 reviews)

  • "There are no cons as from my personal experience(in 18 reviews)

More Pros and Cons
  1. "Receptionist"

    StarStarStarStarStar
    Current Employee - Anonymous Employee 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Principal Financial Group full-time

    Pros

    Very friendly environment and colleagues do their best to help you.

    Cons

    There maybe a lot of calls sometimes and your manager may not be able to answer

    Continue reading
    Principal Financial Group2017-10-21
  2. Helpful (14)

    "Work life balance and fun"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Associate Consultant 
    Recommends
    Neutral Outlook
    No Opinion of CEO

    I worked at Principal Financial Group

    Pros

    1) Nice package atleast 3 years back they were offering irresistable package for 2-5 yrs exp people.Heard that has been changed now. 2) Great work life balance as very less work pressure 3) Lots of fun activities, interest groups.Strongly suggest to participate as its the only thing brings you to focus 4)First in last out to compute your daily hours policy.Trust me you are gonna love this in company like this specially when its near to amanora, seasons 5)This should top the list-Free cab facility within 50 km range 6) Relaxed exit process

    Cons

    1)can you spend 8 hours without doing anything meaningful day by day?No right? 2)I was lucky to be under a cool manger but most of them are not 3)If you wanna learn google is open there so search and learn .Work is not going to teach you anything meaningful 4)Award is a joke there.Its there to demotivate the smart people and to encourages the eye candy of the managers 5)No onsite but you would be made aware of that at the time of joining 6) Hike is very very less and the vp is almost 15% of your package so to get that you have to KA(decode that) 7)There is merginal difference in developers and testers salary 8) You will have a very bad time if you are not good in singing dancing because 10% your VP is there to perform in annual function So you want to join this company ask yourself -Are you married and less ambitious ? -Is IT job is your side income and you have a primary business? -You just have 2-3 yrs of exp and looking for a cool 1-2 yrs doing nothing but fun. I am not being sarcastic here ,all of us have different priorities.

    Continue reading
    Principal Financial Group2014-09-05
  3. "Overall Good"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Analyst 
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Principal Financial Group full-time

    Pros

    Work life balance is good, Job Security is good

    Cons

    No wfh, Need more technical work

    Principal Financial Group2020-03-12
  4. "Pretty Good"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Contact Center Representative in Des Moines, IA
    Recommends
    Approves of CEO

    I worked at Principal Financial Group full-time for more than 3 years

    Pros

    Great benefits, good co-workers, great management

    Cons

    Changing to a "One Principal" mentality may not be for everyone, especially those not too keen on putting their own work on hold to help other departments when unexpectedly busy

    Principal Financial Group2020-03-11
  5. Helpful (1)

    "Not worth the stress"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Life & Disability Claim Analyst 
    Doesn't Recommend
    Neutral Outlook
    No Opinion of CEO

    I have been working at Principal Financial Group full-time for more than 3 years

    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.

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    Principal Financial Group2020-03-20
  6. Helpful (1)

    "Great place to learn"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Business Analyst in Pune
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Principal Financial Group full-time for more than 5 years

    Pros

    Great place to learn, 6 hours working policy, good amount of leaves.

    Cons

    Bad management from service oriented mindset

    Principal Financial Group2020-03-11
  7. "Great company, hard PTO policies"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Onboarding Specialist 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Principal Financial Group full-time

    Pros

    Excellent benefits, great culture and onsite gym

    Cons

    Very little leeway for PTO for parents

    Continue reading
    Principal Financial Group2020-02-14
  8. "Best First Job"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Photographer in Des Moines, IA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Principal Financial Group full-time for more than 5 years

    Pros

    flexible hours, amazing salary, great co-workers, in the field of which I studied.

    Cons

    9-5. Not much creativity needed.

    Principal Financial Group2020-02-13
  9. "Good place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Team Lead in Pune
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Principal Financial Group full-time for more than 8 years

    Pros

    Good culture. Helpful colleges. Making conscious efforts to change as per industry.

    Cons

    Not too many that I can remember.

    Continue reading
    Principal Financial Group2020-02-12
  10. Helpful (2)

    "Senior Management need improvement"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Consultant in Pune
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Principal Financial Group full-time for more than 3 years

    Pros

    1. Benefits and compensation are decent 2. Office Infrastructure is good

    Cons

    1. Senior Leadership is not what you expect. 2. Promotion and talent has no relation. 3. Opportunity is provided only if you make good terms with leadership. 4. Appraisals are based on your relationship with management and not based on your work and talent.

    Continue reading
    Principal Financial Group2020-03-14
Found 795 reviews