Xcel Energy reviews

3.3

55% would recommend to a friend

(297 total reviews)
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Bob Frenzel

33% approve of CEO

51% positive business outlook

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297 reviews

Reviews about "Compensation"

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4.0
Jul 10, 2022
Recommend
CEO approval
Business Outlook

Pros

It is a family oriented company with a lot of really great folks that work there. Full time non-bargaining employee starts with 17 days PTO per year (bumps up to 22 days after 4 years), plus 3 Floating Holidays, and 8-9 Observed Holidays. Bargaining (Union) employees have different schedule. 401K - a 50% match for the first 8% of your salary contribution. Cigna high delectable plan with access to tax benefited HSA account at Optum (which allows you to invest money after you've accrued $2000). They have a good Employee Assistance Program (EAP), which values mental health and other services to support employees. Offers eight free sessions with counselor of your choice (who accepts EAP) for each issue/event you call in. Tuition reimbursement program. After you've been in for about a year, you'll qualify for Maternity leave is 8-10 weeks (depending on type of delivery) and then a 4 week Parental leave for all new parents (includes adopted children). So for birth mothers 12-14 weeks in total. Bargaining employees do not have the same policy. Being a regulated utility once you're in, your job is pretty stable. Many employees have been in the company for many years and have just changed jobs as time progresses.

Cons

Management positions tend to work more than 40 hours a week and some salary positions as well. For hourly folks (Admins, Coordinators, Schedulers, etc.) you can only work overtime with approval. As hourly it is challenging to get a cash bonus and raises are typically around 1.5-3% (with current 2022 inflation they gave everyone an additional 2% on top of their annual raise in March). The best way for a raise is to get a new job title. Being a regulated company puts a lot of pressure to keep operation costs low.

5.0
Jun 27, 2022

Great

Recommend
CEO approval
Business Outlook

Pros

Flexible work schedule with remote

Cons

Salaries can be lower than market

3.0
Jun 2, 2022

Low salaries for engineers

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Very interesting projects, cutting edge problems to solve

Cons

low pay, bureaucratic leadership, and distant upper management - unaware of many of the challenges and problems on the ground. IT issues and internal employee technology needs are very behind the times.

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