Ofgem Reviews

Updated August 19, 2015
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3.5
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Ofgem Chief Executive Dermot Nolan
Dermot Nolan
4 Ratings

18 Employee Reviews

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  1. Great place to work if you are looking to retire soon or take maternity leave

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Ofgem (More than a year)

    Pros

    Nice office location. Good work life balance. Depending on how much work you do, you can build up flexi time. Depending on which department/area you join, you will be given quite a lot of exposure to different lines of work across the company.

    Cons

    Slow moving. Senior Management suffer from not being able to take a decision which leads to paralysis and meaningless data analysis of the work being carried out. Very low pay and no sign of improvement in the near future. Staff retention rate extremely low due to lack of promotional prospects and too many egos sitting at Senior Management level.


  2. Hard work but gained lots of experience

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Manager, Networks in London, England (UK)
    Former Employee - Senior Manager, Networks in London, England (UK)
    Recommends
    Neutral Outlook

    I worked at Ofgem full-time (More than 3 years)

    Pros

    You develop a lot, as there is a huge amount of projects to work on, typically with a significant impact on consumers and the UK economy. You are at the forefront of economic regulation - every other regulator in the UK and across the world looks up to Ofgem. People are typically highly skilled, motivated to do a good job, and generally friendly

    Cons

    The workload can feel exhausting and never-ending. Pay is pretty poor compared to how much value you add. When I was there, personal politics at senior management level sometimes got in the way of "doing the right thing" and often resulted in an additional workload for staff.


  3. Great place, good work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Ofgem full-time

    Pros

    Really interesting work that drives real positive benefits for consumers. You get to work on high profile cases that often receive lots of media attention. Get a lot of responsibility from very early on.

    Cons

    Can sometimes be slow to get promoted and you have to interview to attain it. Not the greatest number of development opportunities.


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  5. Helpful (1)

    Good, but pay is too low.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Manager in London, England (UK)
    Current Employee - Assistant Manager in London, England (UK)
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Ofgem full-time (Less than a year)

    Pros

    Great office and benefits. If you're in a good team you will do very well.

    Cons

    Pay is low for the amount of work you do. High staff turnover. People often pass on rubbish work packaged as 'a development opportunity'.

    Advice to Management

    There are too many of you


  6. Meaningful career path

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Negative Outlook
    No opinion of CEO

    I have been working at Ofgem full-time

    Pros

    Broad skills used Challenging work but can lead to overtime Clear organisational purpose with good awareness of consumer benefit Flexible working Good development opportunities and future career prospects in consultancy, industry (eg energy, water networks, telecomms), and public sector

    Cons

    Opaque decision making at senior levels Can lack direction at mid and junior levels Pay Competency based progression puts a cap on specialisation, meaning broad skills are preferred

    Advice to Management

    More scrutiny of analysis supporting decisions is needed - decisions can be too prompt, or be founded on untested analysis Pay is poor


  7. Varied work, sometimes quite administrative

    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Current Employee - Economist in London, England (UK)
    Current Employee - Economist in London, England (UK)
    Doesn't Recommend
    Neutral Outlook

    I have been working at Ofgem full-time (More than a year)

    Pros

    Lots of varied projects and process to be involved in, opportunity to engage with stakeholders regularly, friendly colleagues. Good work life balance at more junior levels.

    Cons

    Economist in some teams, particularly the more political ones, end up doing very little economics. Policy decisions often made on a 'what feels right' basis.

    Advice to Management

    Don't advertise for economists unless you want them to (and give them the opportunity to) use economics as the main part of their jobs. Make decisions more evidence based and robust, this can let you be less risk averse in how things are worded.


  8. Good but dull

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Flexible working is an option

    Cons

    Lots of work and expectation to work overtime all the time

    Advice to Management

    Involve others in decision making and use factual stats to make decisions


  9. Low staff retention - low motivation

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Manager in London, England (UK)
    Current Employee - Senior Manager in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Ofgem full-time (More than 3 years)

    Pros

    If you are looking for work in the public sector it may be a good starting point, especially if you are early in your career. It also helps to be proactive in be seen in doing things and play along with management's tune. Good pension scheme - if you can trust that you will get it back in the future. Good level of communication among colleagues

    Cons

    The pay package is generally low. Staff retention is not on management's list of priorities. People with actual industry knoweldge may be perceived as people with unrealistic views. You need to be a political animal with low ambitions for your career to survive. Decsisions are not always based on the merits of the numbers, which can be very frustrating and demotivating for employees

    Advice to Management

    No advice - doubt it will be heard as internal feedback has been neglected.


  10. Great experience in the energy/ regulation sector

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    No opinion of CEO

    Pros

    Good work and life balance and some interesting opportunities. Great people.

    Cons

    High staff turnover. Salary not very competitive


  11. Helpful (2)

    Great people plus challenging and interesting work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Economist in London, England (UK)
    Current Employee - Senior Economist in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Ofgem full-time (More than 3 years)

    Pros

    Stimulating GB and EU driven project based work with exposure to a diverse range of stakeholders. Operating in an increasingly high profile political environment adds an interesting dimension. Colleagues are friendly, sociable, knowledgable and motivated.

    Cons

    Ofgem seems to be in perpetual state of reorganisation and reprioritisation. Management structure has too many layers and this hierarchy leads to bottlenecks. IT resources are poor and show no noticeable signs of improvement.

    Advice to Management

    Greater focus on staff retention, organisational priorities and better dissemination of information to staff.



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