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Principal Financial Group

Engaged employer

Out of Touch Decision Making - Senior Data Engineer Principal Financial Group Employee Review

3.0
Aug 10, 2023
Recommend
CEO approval
Business outlook

Pros

-Great flexibility if you can work remotely -Truly unlimited PTO -The internal IT community is very happy to help out across team lines -Building up an Inner Source culture

Cons

Recently, the decision was made to force employees within a 30 mile radius of the Des Moines Headquarters back into the office at least 3 days per week. Management claims this will not affect the opportunities of fully remote employees but time will tell if that is true. It is easy to feel left out when your in-office colleagues are participating in team building activities but there is no budget available to fly in remote employees. Management does not seem to understand that budget for travel is part of the cost of remote employees. It is very naive to ignore that piece of the equation, and does not align with the claim that Principal is remote friendly. Management just seems to be disconnected with what their employees want from a workplace. -Sometimes decisions are made before proper infrastructure or processes are in place -Compensation is typically below average -Not fully supportive of remote work

Explore other reviews about Principal Financial Group

5.0
Jun 24, 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

2.0
Jun 4, 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
1w
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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