Dynegy Reviews

Pros

every other Friday off is nice to have.

Cons

Management needs to not be so greedy.

Pros

There are nice people in the office.
Easy access to interstate.
Pay is in line with other companies in the area.

Cons

People are trying to save their jobs by throwing others under the bus.
No opportunity for advancement.
Benefits are cut to the point of almost being uninsured.
No communication.
Promotions based upon tenure, not capability.

Advice to Senior Management

There needs to be better communication and acknowledment of employees. Pay attention to the employees and let themknow they are valued instead of reminding them after multiple layoffs they are lucky to have a job.

Pros

Great compensation and benefits. 9/80s was a great idea but they were recently taken away

Cons

Lack of communication from management or told one thing but the result is just the opposite

Advice to Senior Management

Be more open and candid with your employees

Pros

Before the downturn, compensation and benefits a little ahead of the curve. At one point the company actually cared about employee morale.

Cons

Since the downturn and aborted buyouts, working at Dynegy has become a daily game of wait and see. Not much forward thinking being projected.

Advice to Senior Management

Communication is key in times of hardship. Closed doors and eerie silence is not the way to ensure continued support from the bottom up. Try treating each employee as a valued stakeholders and not as expendable cattle. A lot of talent could be saved that way.

Pros

Flexible Work Schedule is terrific for maintaining a work/life balance. Compensation and benefits tend to be on the generous side; however, employees are absorbing more of the benefit costs in 2011.

Cons

Preferential treatment (favoritism) observed for select individuals, with promotions awarded to this group only. Employee’s annual performance rating is not based on contribution or achievement, but is determined by forced distribution or relative ranking, which directly contributes to the annual adjustment and incentive amount received.

Advice to Senior Management

Dynegy has the potential to be a wonderful place to work, if 1) communications were more forthcoming and less after the fact, and 2) favoritism/preferential treatment is acknowledged and eliminated, thus ensuring everyone has the same opportunity to succeed within the organization.

Pros

Dynegy allowed staff employees to work a 9/80 schedule which gave every other Friday off. Pay and benefits are in line with industry average. Company provides short term incentives.

Cons

Company sold over half of it's assets and advancement opportunities disappeared. Senior leaders promote via good ole boy system rather than by merit and potential.

Advice to Senior Management

Senior leadership should take a better look at succession planning. There is a reason the company had to sell half of its asset base.

Pros

company is in disarray and no management

Cons

bad company, bad management, everything sucks

Advice to Senior Management

management need to be smart . Bad selling the company to others.

Pros

Dynegy acquired our power plant in 2007. Overall it has been a reasonable company to work for. The benefits and salary package that was negotiated by our union was good and for the most part I believe that the majority of people were happy with it. The company allowed a significant amount of time off for one of the employees for the birth of her daughter and several weeks of post natal care, this was in part due to California law, but the company gets credit where it is due for allowing her to use vacation and sick time to make up for shortcomings in pay.

Cons

The company as a whole is failing miserably but has amazingly stayed afloat this long. The company jumped on the debt bandwagon like every other nitwit in this country from the home flippers to the too big to fail banks. The lack of fundamental economic understanding and foresight is excusable for the GED crowd, but if your in an executive position you'd better be damn sure you're too big to fail before you take on a debt to asset ratio that big. Dynegy was not too big to fail. Recently the company has given the union and represented employees a big middle finger during contract negotiations. This is due to the fact that the company is going to be acquired and split up by Blackstone Group and NRG and therefor had no incentive to negotiate until after the deal passed. This didn't stop them from wasting many hours of the union reps time. Any shareholder with a significant amount of money in Dynegy has basically lost their ass.

Advice to Senior Management

Good luck with your future endeavors, I hope they are more successful than Dynegy.

Pros

People are nice. 9/80's a good.

Cons

Pitiful stock price. No social events.

Advice to Senior Management

Get out of your offices and circulate among the workers.

Pros

competitive salary & bonus package

Cons

incompetent management with weak skills

Advice to Senior Management

make a correct strategic decison for once