A Purpose-Driven Organization with Strong Values and Growth Opportunities - Associate Director, Talent Acquisition Principal Financial Group Employee Review
Inclusive Culture - Principal truly lives its values - diversity, equity, and inclusion are not just buzzwords but embedded in everyday practices.
Career Development: Ample opportunities for learning and growth through structured programs and leadership support.
Work-Life Balance: Flexible work arrangements and wellness initiatives make it a great place to thrive personally and professionally.
Global Exposure: Cross-functional collaboration and global projects provide enriching experiences.
Ethical Leadership: Recognized as one of the World’s Most Ethical Companies, which reflects in decision-making and governance.
Cons
Change Pace: With transformation initiatives underway, adapting to new processes can feel challenging for some.
Tech Enablement: While improving rapidly, certain legacy systems still need modernization for seamless experience.
Principal Financial Group Response
5mo
Thank you for your feedback. We’re glad to hear that you value our inclusive culture, ethics, global collaboration, and the opportunities for learning and development. These are core strengths we continue to invest in for our employees. While we continue to work with some legacy systems, we’re actively investing in modernizing our platforms through the use of AI, automation, and other emerging technologies. Feedback like yours helps us prioritize and accelerate these efforts.
Explore other reviews about Principal Financial Group
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
Principal Financial Group Response
4d
Thank you for taking the time to provide this feedback. Your input is valuable as we work to improve as an employer.
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
Principal Financial Group Response
2w
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.