Extremely competent staff employees who work hard for bottom quartile pay, matched with poor management execution. - Recensione dipendente - Dipendente anonimo presso Principal Financial Group

2,0
17 apr 2011
Dipendente anonimo
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Fellow staff employees at Principal Global Investors are well qualified and very competent. Many employees have significant experience, although company doesn't necessarily value this.

Svantaggi

Company pays long time employees poorly, taking advantage of limited opportunities in the Midwest markets. Historically anyone who dared raise objections to any management move was labeled "not a team player", with career opportunities truncated. During crisis of 2008-2009, significant staff was laid off, while virtually no managers lost their positions. Employees have consistently voiced complaints in employee surveys, with limited actions by management (I don't plan to fill out survey again anytime soon -- questions about management performance are limited and rigged to be vague).

Esplora altre recensioni su Principal Financial Group

5,0
28 mag 2026
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Three years in and still LOVE it. Great leadership. Work-like balance. Principal invests in their employees with training and professional development. It's very telling when literally thousands of employees have been there for 20-25-30+ years.

Svantaggi

First time in a large company. Sometimes it is tricky to find the right internal partner to get the answer you need.

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Risposta di Principal Financial Group
3d
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2,0
4 giu 2026
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Decent work life balance and benefits. Principal offers a pension which is unheard of in today’s age.

Svantaggi

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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