Principal Financial Group Jobs & Careers

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30+ days ago

Corp Negotiator

Principal Financial Group Des Moines, IA

Negotiate small to medium size contracts for goods and services that reduce cost and risk. Consult with customers and vendors… Glassdoor


30+ days ago

IT Application Analyst (Java

Principal Financial Group Des Moines, IA

EXCITING DISTRIBUTED SYSTEM SUPPORT OPPORTUNITY! Want to drive strategy on innovative projects? Now is the time to take your career to the next… Glassdoor


13 days ago

Sr Internal Auditor I

Principal Financial Des Moines, IA

of this role include: Analyzing business processes and assessing the adequacy of… Glassdoor


10 days ago

Extended Accounting Internship Program (January 2015 through August 2015

Principal Financial Group Des Moines, IA

*Please note that these opportunities require interns to be available for 40-hour work weeks from January through mid-August 2015.*Passionate… Glassdoor


30+ days ago

New Business Case Coordinator - Individual Life

Principal Financial Des Moines, IA

Are you a motivated office professional looking to utilize your strong multi-tasking abilities with a great company? Do you enjoy being challenged… Glassdoor


30+ days ago

Commercial Real Estate Extended Internship Spring/Summer 2015

Principal Financial Group Des Moines, IA

will include researching potential investments, consolidating investment information and reporting on current investment portfolios while also… Glassdoor


5 days ago

Morley Financial - Client Service Advisor

Principal Financial Des Moines, IA +2 locations

Morley Financial Services is seeking top talent to join our team as Client Service Advisor in our Portland, Oregon office. The firm was founded in… Glassdoor


6 days ago

Sales and Service Specialist (Philadelphia

Principal Financial Des Moines, IA +2 locations

along with other administrative office duties as assigned. This critical position… Glassdoor


5 days ago

Business Services Support Associate II

Principal Financial Group Des Moines, IA

Are you organized and detail-oriented? Do you have strong time management skills? Do you want to be a part of a high performing team? If yes, keep… Glassdoor


10 days ago

Asst Marketing Director

Principal Financial Group Des Moines, IA

Do you have what it takes to fulfill a key marketing role on our USIS/Group Benefits Marketing Team? If so, ask yourself these questions: Am I a… Glassdoor


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Principal Financial Group Reviews

190 Reviews
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Principal Financial Group Chairman, President and Chief Executive Officer Larry D. Zimpleman
Larry D. Zimpleman
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  1. 1 person found this helpful  

    Weak Pune Management, good for short term stay

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Consultant  in  Pune
    Former Employee - Consultant in Pune

    I worked at Principal Financial Group full-time for more than 5 years

    Pros

    Principal Global Services, the IT & ITES extension of Principal Financial Group provides excellent facilities like cab service (yes AC cabs!) and Industry average pay. Your salary will usually be around the average salary for typical captives like RBS, Wellsfargo etc. Thanks to the US office, the work load is usually never heavy, and typical of a reversal role in IT outsourcing, the US office usually works extra, while the India office has less work. There are Pune employees who have not worked for several years.
    Work and direct interaction with US office is the highlight of being in PGS and hence there is no onsite to play work related stunts.
    If you work hard, you can learn a lot and use it after you leave PGS and join other companies.

    Cons

    Due to captive nature of organization, there is no outward thinking and management is more on operations side - ie simple supervisory job. the senior managers in PGS don't act or work because there is not incentive for them to perform.
    Promotion is in the form of IJP and is highly controversial. There are instances of employees being promoted because they played "Tambola" (Bingo) and hence contributed to organizational activities and therefore promoted! Promotion has come in the form of shooting an email to the CIO on asking how backups are taken!!
    Decisions are based on hearsay and loose talk - anyone can "conspire" against anyone by going to the senior management and saying that "he/she said like this...." and the management takes decisions on such loose talk. In fact, the concept of "spies" aka "khabaris" is common in PGS. Every manager has a gossip monger and more the filthy talk, better is the reward granted in promotions or townhall awards.
    Unethical practices like personal relations being favoured in job selection and promotions.
    Learning in technology and business is strictly restricted. Even exams for certifications can't be refunded, and domain knowledge and skill building is a strict no no. There are weird reasons for not supporting knowledge like "We don't want to build knowledge, we build relations".
    Some managers curse and use abusive language to employees and despite complaining to higher ups, things have been hushed up making a mockery of the so called employee values and ethical policies.
    Birthday celebrations for the so called top management are executed in style, the most of the lazy bunch practice for a day and when the d-day arrives, what you see is songs, Mexican waves, balloons and sycophants that can put the the middle age dark world to shame.
    You may be wondering what is US office doing despite knowing the razzmatazz in Pune? Perhaps, US office is the main culprit in the kind of total waste of Princial's public shareholder wealth. The cost to PGS is a hedge to the ineffective team of PGS so that US jobs are safe.

    Advice to ManagementAdvice

    None, they are in a world of their own!

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO