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Principal Financial Group

Engaged Employer

Principal Financial Group reviews

3.8

74% would recommend to a friend

(412 total reviews)
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Deanna Strable

81% approve of CEO

72% positive business outlook

Reviews by job title

412 reviews

Reviews about "Compensation"

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4.0
Apr 22, 2024
Recommend
CEO approval
Business Outlook

Pros

Good work life balance Nice people to work with Has cash balance pension

Cons

Compensation is not competitive. Hard to get promoted Not very support remote work arrangement

avatar
Principal Financial Group Response
2y
Thank you for sharing your perspective. Principal has been committed to providing a tailored approach to life and work for our employees for more than 50 years. We remain committed to flexibility and supporting a variety of work arrangements. Our guidance helps balance the value employees place on flexibility with the value of working together in person when and where we can. As a leading provider of retirement solutions and employee benefits, we offer our employees a competitive benefits package. One of our guiding principles of our global pay philosophy is to be market driven. This means that total pay is set and administered in alignment with the external labor markets in which we compete for talent.
4.0
Apr 14, 2024
Recommend
CEO approval
Business Outlook

Pros

Strong culture of integrity, doing what's right, great people to work with, career development opportunities.

Cons

Base pay seems lower than peers. At higher levels career advancement is difficult. Don't feel contributions are recognized; sometimes feel taken for granted.

avatar
Principal Financial Group Response
2y
Thanks for sharing your perspective. We're invested in building the best possible experience for our employees and as a Principal employee, you set the tone for your career. Put your ambition and curiosity to work with chances to explore different assignments, roles, and opportunities across our network. We're committed to providing you with the resources and opportunities you need to thrive.
3.0
Apr 2, 2024

Overall - 4/5

Recommend
CEO approval
Business Outlook

Pros

Really good compensation package in my humble opinion. Good ability to work remote if you want to stick in one area. Great ability to move around in the company.

Cons

There are never enough people and they tend to go back on what they say during the interview. E.g. "Fully Remote" changed to "Hybrid" or "If the business needs change, you have to move at your own expense or it is considered voluntary resignation"

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