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Principal Financial Group

Engaged employer

Love my team, not the company - Associate Accountant Principal Financial Group Employee Review

3.0
30 Nov 2023
Recommend
CEO approval
Business outlook

Pros

They are very supportive of employees growth and trying to give them opportunities. And I personally have a good leader who creates a supportive environment

Cons

The benefits are getting worse and worse and it seems like management is not able to keep to their word when it comes to hybrid/remote working. They also are paying below market value. Internal promotions seem to be less than what they offer externally.

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Principal Financial Group Response
2y
It’s wonderful to hear how supported you feel. We're invested in building the best possible experience for our employees and your feedback on hybrid/remote work and compensation are an important part of our growth as an employer. As a leading provider of retirement solutions and employee benefits, we support you the same way we support our customers—through holistic, competitive offerings designed to protect your financial and physical wellbeing. Total rewards is so much more than your paycheck. It includes compensation and incentive pay, health and welfare, retirement, and additional offerings. By reviewing your personal total rewards dashboard that just launched, we hope you can more quickly and easily see the full investment we make in you and take advantage of all we offer.

Explore other reviews about Principal Financial Group

5.0
24 Jun 2026
Recommend
CEO approval
Business outlook

Pros

good FTO policy good opportunity for career development flexible work arrangements

Cons

health insurance sucks - United annual reviews- everything's made up and the points don't matter more and more pressure to be in-office despite team members being remote

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Principal Financial Group Response
4d
Thank you for taking the time to provide this feedback. Your input is valuable as we work to improve as an employer.
2.0
4 Jun 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.

1
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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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