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

Reviews by job title

297 reviews

Reviews about "Compensation"

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3.0
Mar 6, 2013
Recommend
CEO approval
Business Outlook

Pros

Lots of vacation time, easy to move departments, pension, and stability (rarely have layoffs and hard to get fired).

Cons

Catastrophic insurance (single person's deductible is 3000K)-this is ok if you don't have a chronic condition or need insurance, forced to use a mail order pharmacy, no innovation-over half the company is over 50 years old and have been there their entire lives. They have never worked anywhere else. So their attitude is this is the way I have been doing it for 30 years and this is the way I will do it. There are a large amount of people over 65 yeras old. This is ok, except a majority of them do not like to use computers, so everything is on paper. Many of my counterparts just surf the web all day! If you liked to be challenged this is not the place for you. BUT it doesn't matter to the company, because it is paid by the public, whether they have overhead, duplicate jobs, or people who do not provide value. Also, you have to work with people who should be fired. Lower then average pay.

3.0
Jan 18, 2013

Utility Job

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

You will likely have a job for life if that is what you are looking for. There is a significant mix of contractors that work with full time staff and you get to meet some bright individuals. The pace is not very intense. The benfits package including the paid time off is very good.

Cons

Utilities are a slow paced industry with little inovation. The raises are typically small and the bonuses are not very impressive. Excellence and people that strive for excellence are rarely found in this industry. And if you happen to be one of these people the compensation guidelines are too rigid to recognize you. Way too much emphasis placed on years of service.

3.0
Sep 30, 2012

Interesting culture,.... Not impressed

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Stability, benefits, pay is comparable to market rates, great office location, break room goodies are plentiful, on site exercise facility and on site cafeteria. It's like a government job. You just have one job to do,.... which is outlined in your position title. You, rarely, do work outside of that title. You really don't have to go out of your way to look like a top performer. Just work on projects that have exposure and take all the credit for the successes.

Cons

The culture is weird to say the least. People are nice but in a cautious way, almost fake and forced. Also some of the younger folk who have never worked outside of Xcel Energy need to learn how to communicate better and learn more about professionalism. If you can "build relationships" and wear really nice, expensive clothes and have a pretentious attitude... you can make a name for yourself, quickly. If you can get past that and the fact that they are not early adopters of anything innovative,.... it's the place to be. It's like working a government job but with a few perks of being a large corporation. Also some parts of the company are still ol' boys club. Oh and employees that say this company location (1800 Larimer) is diverse are highly mistaken. It's like everyone that works here long enough lives in a Xcel Energy bubble which is definitely not realistic by any means. I also think that most tenured employees act entitled. It's weird to say the least.

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