Xcel Energy reviews

3.3

55% would recommend to a friend

(297 total reviews)
avatar

Bob Frenzel

33% approve of CEO

51% positive business outlook

Reviews by job title

297 reviews

Reviews about "Compensation"

Return to all reviews
3.0
Apr 28, 2017

Was a great company

Recommend
CEO approval
Business Outlook

Pros

The pay is nothing to complain about, and the benefits as of now are pretty great.

Cons

The future for working class employees, ie the ones keeping the gas and electricity on and flowing, fixing faults, outages, broken lines, gas leaks, etc. Is looking worse and worse with every contract negotiation. The CEO and other executives can make millions or even tens of millions a year, get ridiculous raises, and want even more! Now they are looking to get that money from the working class that keeps this company going! Even going as far as to take retirement health benefits from current and future employees! That's a real nice thank you for giving them 30-40 years of your life for their business! Terrible communication, and really behind the times compared to many other utility companies. Company leaves standards vague and puts ALL of the responsibility on the employees. Terrible at parting with their money to get employees the help or tools that we need. Bottom line is that not too long ago this was a great company that seemed to care about their employees more than their budget, however since Ben took over everyone seems to have forgotten how and who makes this company function/money. If things keep going this way they are going to end up losing many employees to better companies. They also run a high risk of ending up on the news in a bad way...its going to be tough for them to fix broken lines, outages, etc. after they've ran off all of their OQ qualified workers! I wonder if Ben or any executive for that matter knows the first thing about fixing an underground fault? Or how to how to tap and stop 3" PVC gas line when it's broke and blowing 60 PSI in the middle of the road? This company needs to wake up and take care of the people who take care if them!

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.

2.0
Feb 12, 2017

Stable, yes.

Recommend
CEO approval
Business Outlook

Pros

Stable industry, great people, great location, good PTO and 401k packages. That's about it.....no real room to grow and they do reorganizations instead of fixing true problems.

Cons

Although stable, Xcel Energy is not competitive with their salary packages. I work full time, and can barely make ends meet.

Viewing 247 - 249 of 297 Reviews

Glassdoor has 1,298 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.