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
2.0
Sep 7, 2023
Recommend
CEO approval
Business Outlook

Pros

You might get lucky with your immediate team, as I have, and love your coworkers. Jobs are stable, but as a result, slow. I have never worked anywhere where I felt I could be myself more than here, which is nice, but not everything you want from a *job*. There is a nice diversity program, although I haven't seen much of it since we temporarily went remote in 2020. Decent facilities but nothing special. Good retirement plan. Basically, work here if old & married & probably with kids.

Cons

Tone-deaf C-suite. Underpaying everyone below C-suite across the board. Posting $1 billion in profits and giving us maximum 3% raises and implementing hiring freezes is beyond ridiculous. Benefits are only worth it if you have kids and are married. Lack of training and opportunity to move within the company. Contractors are stiffed on pay and benefits, especially once things start to look tough financially -- you will get left behind (see: COVID pay cuts). The company starts to look pretty hypocritical when they preach about doing things for the good of the community and planet, and then charges you several hundred dollars a month to heat your house, for profit, using greenhouse-gas-emitting solutions. For crying out loud, have some integrity! There is a lot of turnover, since the company doesn't pay that well (they'll claim they pay well for the industry, which is hard to verify and frankly a BS excuse) and has no real incentives other than good retirement plans. Because of the high turnover due to lack of incentive, employees get stuck with an ever-growing pile of work, which leads to burnout and disillusionment. That's why I'm planning on leaving as soon as humanly possible. Return-to-work was never formally communicated until the final decision was made, which is pretty harsh considering the many lifestyle adjustments people will have to make, as we'd gotten used to fully remote, then one day a week in the office. I personally will have to figure things out with a pet sitter as my spouse's schedule changes constantly and I can't be home for my animal family anymore.

3.0
Jul 31, 2023

Once a good thing

Recommend
CEO approval
Business Outlook

Pros

Team members Interesting business model

Cons

Hybrid work environment of 20% time within the office was recently moved to a required 3 days in the office. This will largely impact people who are caregivers (those with young children, aging parents, chronically ill family members). There’s so much focus on shareholder value that they are willing to cut programs which impact customers and their employees to drive shareholder value. This is not a sustainable plan.

2.0
Jul 21, 2023
Recommend
CEO approval
Business Outlook

Pros

Lots of opportunities for advancement since decent amount of turnover.

Cons

Remote policy taken away. Bonuses probably suspended. Pay raises rumored to be suspended as well not to mention pay is lower than industry standards.

Viewing 16 - 18 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.