Principal Financial Group

  www.principal.com
  www.principal.com
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Principal Financial Group Reviews

Updated 12 September 2014
Updated 12 September 2014
189 Reviews
3.8
189 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Principal Financial Group Chairman, President and Chief Executive Officer Larry D. Zimpleman
Larry D. Zimpleman
120 Ratings

Review Highlights

Pros
  • work life balance, collaborative work culture, approachable leadership, good salaries (in 38 reviews)

  • Great benefits, which is nice because salaries are less than annual averages (in 15 reviews)


Cons
  • Parking is a little ways away since we're located in downtown Des Moines (in 11 reviews)

  • could make work environment more appealing such as offering ergonomic options to offices and desks (although this is currently in progress) (in 6 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Associate Manager - Product Development and Research

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate Manager - Product Development and Research  in  Mumbai
    Current Employee - Associate Manager - Product Development and Research in Mumbai

    I have been working at Principal Financial Group full-time for more than a year

    Pros

    Good work culture and organisation environment.

    Cons

    I enjoyed working with this company. Couldn't find anything to mention here as such.

    Advice to ManagementAdvice

    Empowering people is really magical. I could take pride of what I used to do.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Great organisation and Amazing People

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

    I worked at Principal Financial Group full-time for more than 3 years

    Pros

    Seasoned organisation & employee centric. Gives opportunities to employees to experiment and be creative with enough liberity.

    Cons

    Traditional Thinking especially on Technology advancement, Adoption of newer business ideas yet focused on doing whats best known to the company over the last 100+ years

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    good co. to learn business with technology

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate Manager  in  Pune
    Current Employee - Associate Manager in Pune

    I have been working at Principal Financial Group full-time for more than a year

    Pros

    work life balance, collaborative work culture, approachable leadership, good salaries

    Cons

    slow growth prospects, perception based management style,

    Advice to ManagementAdvice

    walk the talk!!

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Good work life balance

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

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

    Pros

    I worked with Principal global services, Pune for 5 years. It's well known as sister company of Principal financial group(USA).
    HR Policy are employee friendly
    Less complex work.
    Good work life balance
    Good pay. Very domain centric, if you have good domain knowledge they u are paid well.
    It is a good place for working women

    Cons

    Employees interests are not considered while allocating projects. Hence employes gets bored with repetitive work.
    No onsite opportunities.
    Growth opportunities are less.
    Management isn't transparent and

    Advice to ManagementAdvice

    Management should take actions to build knowledge across team rather than letting it accumulate with one person to avoid dependencies.

    Recommends
    Positive Outlook
  6.  

    Fixing in Interviews

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Principal Financial Group

    Pros

    Nothing as such. Only good pay on initial recruitment. Good life balance.

    Cons

    Candidates referred by employees are getting selected even though they are not possessing required skills and good candidates are thrown out just to make room for references. Spouses and friends are being brought who are actually not worth than just trash. Specifically BA team.

    Advice to ManagementAdvice

    Look into the selection process and HR TEAM. Make the right selection otherwise it would be just garbage company.

    Neutral Outlook
    No opinion of CEO
  7.  

    best company I had found to work with!!!!

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

    I worked at Principal Financial Group full-time for more than 3 years

    Pros

    its the best company for work culture and quality of work

    Cons

    more job opportunities will enhance company.

    Recommends
    Positive Outlook
    Approves of CEO
  8. 2 people found this helpful  

    PFG is good, PGS fails

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

    I worked at Principal Financial Group full-time for more than 3 years

    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.

    Advice to ManagementAdvice

    Management does not understand what advice is and are grossly incompetent to understand and implement any action.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    One of the Bad HR Team & Head

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Team Leader  in  Pune
    Current Employee - Team Leader in Pune

    I have been working at Principal Financial Group full-time for more than 3 years

    Pros

    Good Policies, Benefits, Best Business Head across market. Work Life Balance.

    Cons

    HR Team specially AVP HR, PA System, IJP's

    Advice to ManagementAdvice

    Remove the AVP HR.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 2 people found this helpful  

    Your last choice of employment

    • 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 3 years

    Pros

    Good infrastructure and good people at the headquarter in the Des Moines but equally disapppointing people at Pune office. Some processes which are outsourced like payroll processing and payment is on time.

    Cons

    There are too many levels in the organization. Moment you join, you will realize your level and all the levels above you make you realize that they are there to make your life hell. If you are a hard worker, stay away because you might be disappointed by the comments like "hard work wont lead you towards growth meeting the senior management expectation would." Senior management expectations are all about song and dances in the open houses, literally. If were not good at extracurricular activities at your school/college, don't even think of getting to PGS, you might end up ruining your career and PGS culture and so called values.

    Advice to ManagementAdvice

    keep the hierarchies less and change the India management completely for L1, L2 and L3 you won't miss anything and company will function as it is today and shareholder's money would be saved.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11.  

    The Best experience of my career till now.

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

    I worked at Principal Financial Group full-time for more than 8 years

    Pros

    HR Policies are the best. and am proud to be an employee of such Company.

    Cons

    Top level management never tried to understand the problem at local level and buttering was admired.

    Recommends
    Positive Outlook
    Approves of CEO

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