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Principal Financial Group

Engaged employer

Good if u wanna chill - T2 Analyst Principal Financial Group Employee Review

2.0
25 May 2019
Recommend
CEO approval
Business outlook

Pros

I have been working at Principal Financial Group full-time for more than 3.5 years Pros 1. High amounts of free time - so much that u feel underutilised but its good if u wanna switch. Study and switch to companies with 2x salary and less toxicity 2. Health benefits. Leave policy. 3. Recroom.

Cons

Cons - 1. Recroom. I have seen people playing TT all day in rec-room and get hikes better than some people who work hard all day (includes me obviously) 2. Unfair treatment. They say they use market correction my foot. They pay differently even among teams and boast of being fair. I mean come on, isn't that funny. People who do not understand basic programming stuff get same hikes are people who do good just cuz of manager bias or cuz manager is of opposite sex. 3.They dont follow on their words - Managers are only for the sake of approving leave. Do nothing sit all day in single place and talk big words. Leadership just talks about big terms and do nothing on it. 4. Leadership does not care about a persons career growth. U wil be treated as a resource and not a human. So much that I am planing to switch back to the company I came from. I wish I never switched to Principal global for the same of higher package - my friends at my previous org make more than me and half of them have been onsite too.

Explore other reviews about Principal Financial Group

5.0
2 July 2026
Recommend
CEO approval
Business outlook

Pros

Great worklife balance and flexible hours

Cons

Not top end in pay within the industry

2.0
4 June 2026
Recommend
CEO approval
Business outlook

Pros

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

Cons

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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Principal Financial Group Response
2w
We appreciate you sharing your feedback. As a leader in retirement solutions and employee benefits, we strive to provide our employees with a competitive benefits package. Our global pay philosophy is guided by market-driven principles. and we leverage third-party market data to ensure our base salary and incentives remain appropriately competitive.
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