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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
Nov 22, 2023
Recommend
CEO approval
Business Outlook

Pros

Good work life balance Good community

Cons

Low pay compared to other companies

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Principal Financial Group Response
2y
We appreciate you taking the time to share your experience. We're invested in building the best possible experience for our employees and your feedback is an important part of our growth as an employer.
3.0
Nov 17, 2023

No work life balance

Recommend
CEO approval
Business Outlook

Pros

Flexible Remote Decent pay Great coworkers and local management

Cons

Workload became overwhelming, working massive amounts of overtime during busy season. Management wouldn’t hire additional staff and told us it was going to be like that for a couple of years. Suspected they were looking to automate much of the job as they were tracking our tasks closely and looking to standardize as much as possible. Part of the job was outsourced to another country, but not in my area.

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Principal Financial Group Response
2y
Thank you for sharing your perspective. We're invested in building the best possible experience for our employees and appreciate your feedback on workload as it helps us to grow and improve.
4.0
Nov 16, 2023

Flexibility

Recommend
CEO approval
Business Outlook

Pros

-Good benefits -Work life balance -Transparent

Cons

-Pay is not changed to areas standard of living -Development is not a priority

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Principal Financial Group Response
2y
Thank you for sharing your perspective. We’re committed to providing you with the resources and opportunities you need to thrive. As a Principal employee, you set the tone for your career. We encourage you to check out communication on the intranet about networking, advancement opportunities and programs (of which there are many both remote and in-person). 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. We use third-party market data to help ensure base salary and incentives are appropriately aligned.
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