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Principal Financial Group

Engaged Employer

PFG is good, PGS fails - Developer Principal Financial Group Employee Review

2.0
Aug 9, 2013
Recommend
CEO approval
Business Outlook

Pros

The review is about PGS, the Pune IT arm of PFG. Good work life balance in Pune. Good policies like cab transport, can take leave whenever you want. Many have misused the flexibility so that they did'nt need to work for years. Direct interaction with US team helps in gaining confidence to take complex work. This company is a very good place for those who want a very relax lifestyle , and don't care about career growth.

Cons

Poor management. The IJP system is flawed and is aimed to promote sycophants. Growth in terms of knowledge/system is discouraged. Participation in outside work (music, songs, dance, birthday songs) is considered more important than key projects. There are too many managers who dont understand why they exist and they pretend to know more than the HO folks. The so called L3,L2 (managers) get some one or two words from HO and then try to act as though they know it all. A level called AVP was created to "move up the value chain", so more festivities were executed! This company is good only for those who join managers and above. For any other level, team lead or developer, this company is only good, if you wish to take a break for 2 years from typically Indian IT service companies.

Explore other reviews about Principal Financial Group

5.0
Jun 24, 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

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Principal Financial Group Response
6d
Thank you for taking the time to provide this feedback. Your input is valuable as we work to improve as an employer.
2.0
Jun 4, 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.

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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.
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