Xcel Energy reviews

3.3

53% would recommend to a friend

(1,072 total reviews)
avatar

Bob Frenzel

30% approve of CEO

49% positive business outlook

Xcel Energy has an employee rating of 3.3 out of 5 stars, based on 1,072 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Xcel Energy employee rating is in line with the average (within 1 standard deviation) for employers within the Energy, Mining & Utilities industry (3.7 stars).

Reviews by job title

1K reviews
1.0
Dec 4, 2023

Corporate disaster

Recommend
CEO approval
Business Outlook

Pros

Decent pay for professional work

Cons

The need to meet quarterly earnings targets drives this company to sell-out its own future and destroy the culture and morale of the workforce

1.0
Jul 21, 2023

Terrible CEO

Recommend
CEO approval
Business Outlook

Pros

Interesting work, overall good people except senior management.

Cons

Terrible CEO who is super focused on bottom line. Changed the flexible working from home to required office days Tuesday-Thursday. Got rid of performance bonuses to focus O&M cuts. Put in a hiring freeze when teams were short staffed. Xcel doesn’t do anything for its employees due to O&M cuts.

1.0
Apr 14, 2017
Recommend
CEO approval
Business Outlook

Pros

+ Stable job in a regulated industry. + Decent 401k & pension packages for Full-time employees.

Cons

Xcel Energy will forever stand out to me as a traditional top-down, shareholder/executive, suit held company with its bottom line always being it's ROI—not the environment, customers, or our communities as they'd like to have you believe via their public facade. As others have mentioned, the corporate culture here is hostile, negative and incredibly stale; This has been a known issue internally for a while now as the company itself was undergoing a corporate "culture change initiative" during my time there. There's a huge problem with nepotism and hierarchies embedded within the company. To be promoted and to retain your position once you're hired you need to appease and align yourself with the ‘right people’ even if they're completely inept or unlikable. Promotions aren't frequent, and there is limited advancement as most positions are reserved for someone's relative or friend regardless of their abilities, skills or educational background. Because of this, some people get by doing less than others with the same title/position/compensation while others are forced to do all the work out of fear of losing their job. There's absolutely no correlation between compensation and workload/responsibilities. - Slow and bureaucratic through and through. Adapting very poorly to millennials work environment. - Disingenuous leadership. Senior leaders give the pretense of cooperation but are generally unwilling to work together. - Management is there solely for the advancement of their own careers. They are egomaniacs and couldn’t care less about lower level representative, assistant, or associate employees. Most spent their workdays in pointless meetings in private offices trying to politically outmaneuver one another to capture as much corporate real estate as they could. - Teams/Departments are competitive rather than collaborative. There is very poor cross-departmental communication and little respect for each department's role. Contractors are viewed and treated as being inferior to full-time employees and are not given benefits, sick days, or holidays off. - Speaking of sick days, Xcel offers its full-time employees a horrible high deductible healthcare coverage through Medica with prescriptions through Express Scripts. You better be saving in your HSA because you’ll need it. - IT and the Business Systems department is 5-10 years behind the times. Computers and internal networks are incredibly slow. Business processes don't make any sense. The company headquarters didn't even have employee Wi-Fi until the relocation to the new HQ in 2016, something standard pretty much everywhere else almost a decade ago.

Viewing 10 - 12 of 1,072 Reviews

Glassdoor has 1,297 Xcel Energy reviews submitted anonymously by Xcel Energy employees. Read employee reviews and ratings on Glassdoor to decide if Xcel Energy is right for you.