Xcel Energy

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Xcel Energy Reviews

Updated Jul 15, 2014

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All Employees Current Employees Only

3.3 107 reviews

67% Approve of the CEO

Xcel Energy Chairman, President & CEO Benjamin G.S. Fowke III

Benjamin G.S. Fowke III

(46 ratings)

69% of employees recommend this company to a friend

Review Highlights

Pros
  • Xcel Energy offers good pay, and a good benefits package including tuition reimbursement(in 15 reviews)

  • The pay and benefits are satisfactory to a point(in 8 reviews)


Cons
  • Somewhat resistant and slow to change(in 3 reviews)

  • Work life balance suffers for some jobs (leadership, engineering,(in 3 reviews)

107 Employee Reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    3 people found this helpful  

    Stay away from management

    Anonymous Employee (Current Employee)

    ProsSalary and benefits are pretty good, when compared to comparable positions in other organizations

    ConsSadly, the culture at the corporate headquarters has made a 180-degree turn with the new regime. Once a collaborative, collegial and positive ethos permeated the company's leadership and senior management. Contributors and middle managers earned their "seat at the table" and had a lot to contribute to the company's success. The result? Xcel Energy came roaring back from near bankruptcy and earned its place in the nation's elite, environmentally conscious utilities ("No. 1 wind power provider," don't you know). The company's leadership at that time provided solid direction, to be sure, but they confidently empowered employees to propel the ship to its goals.

    Today, most senior managers spend the majority of their time trying to politically out maneuver one another to capture as much corporate real estate as they can. Two re-orgs in two years. Really? Anyone who is too closely connected to some elements of the old regime have been or are being effectively shelved or "managed out," regardless of skills or capabilities. The new "up and comers" who are taking the place of those kicked to the curb are curiously connected to, or should we say related somehow to the king. Talk about things that make you go "Hmmmmm."

    Most disappointing is the plight of the middle management and contributor. Once they had a seat at the table, offering fresh ideas and strategies. Today, they have been kicked back into their workstations and turned into not much more than order-takers. Unfortunately, because the compensation packages are good relative to comparable positions, these poor folks will likely continue to grind out their existence being told how stupid they are by senior managers who have to hire outside consultants to tell them stuff that the company's own workforce already knows.

    Advice to Senior ManagementPlease leave.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    4 people found this helpful  

    Poor Leadership Development

    Director (Former Employee) Minneapolis, MN

    ProsXcel Energy offers competitive salaries and great benefits, and probably a little more job security than a lot of other companies. At the management level, they have a good annual incentive plan that paid out at least 100% every year of my tenure except one. They provide decent opportunities to train and learn within the company.

    ConsXcel does not do a good job of providing cross-training opportunities to create future leaders of the company. As a result, employees tend to get pigeonholed into certain departments or specialties, which makes it hard to move into higher level positions within the company - assuming you would want to. Executive team decision making is slow and ponderous, with many missed opportunities due to an inability to get sign off in time.

    Advice to Senior ManagementProvide more transparent career paths for your employees. The "Leadership Pipeline" is a good development course, but it should be followed up with individual career plans and a commitment by the company to offer exposure to different roles in the company to help advancement. Currently, development is very ad-hoc and mentors are not widely available in the company.

    No, I would not recommend this company to a friend

    • Culture & Values
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    2 people found this helpful  

    Very disorganized. Never knew who was in charge of the project.

    Anonymous Employee (Former Employee)

    ProsHonestly, I did not come across any pros during my time at Xcel Energy.

    ConsSenior management was very unorganized and unprofessional.

    Advice to Senior ManagementDo not switch project management companies midway through a project. It will only create more problems.

    No, I would not recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Great place to work

    Marketing Specialist (Current Employee)

    ProsCompetitive salary, benefits, tuition reimbursement, 401k, personal time off

    ConsCompany locations are spread out

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Great workplace and environment

    GIS Data Integrity Editor (Current Employee) Minneapolis, MN

    ProsFriendly employees and good place to work hands down.
    Management is very good and doesn't micro-manage
    Location of the office is easily accessible and plenty of off street parking

    ConsLength of employment is not consistent or steady unless offered a permanent position withing the company

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

     

    Decent paying job in a low-stress environment; not a place for the ambitious / impatient

    Anonymous Employee (Current Employee)

    Proscommensurate salary with decent benefits, good coworkers, job security

    Conslack of ability to move up, lots of people content with mediocrity

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    4 people found this helpful  

    don't work here as a non-union employee; I hope to leave soon.

    Non Union (Current Employee) Denver, CO

    ProsPay is decent. Job very stable. Does have a pension plan but honestly not worth a lot of money - a decent 401k somewhere else would be just as good.
    Work is interesting, often challenging. Lots of freedom to explore various technical solutions, and implement them. Lots of variety in work. Lots of responsibility in your specific area of expertise.

    ConsBenefit package sucks. Deductible so high you basically only have insurance for a catastrophic event. Pay lower than similar utilities. They constantly tell you that your pay and benefits are "comparable" - like if they say it enough you'll start to believe it.
    No chance for advancement/promotion based on merit - it is only about putting in the time(10,15 years). Will not happen before that no matter what.
    Duties/compensation vary significantly from area to area...some people doing much more than others with the same title/position/compensation. No correlation between compensation and workload/responsibilities. Does not matter how much you do or how well you do it - if you do nothing you'll maybe get 0.3-0.5% lower raise than someone who is exceptional. Basically no reward for hard work/success.
    Union employees are pampered, non union treated like galley slaves. I've seriously seen union guys spend the entire day surfing the net; non union spend the day working as hard as they can(working through lunch/no breaks) - yet the union guys are paid more.
    Upper management seems to only care about the value of the stock bonus they are getting. They shift budgets around constantly, often deferring much needed maintenance, solely to pad the books so they can keep the stock price up.
    Very much a mentality of anyone is replaceable. Several times very skilled people have left and they simply pile their workload on their overworked coworkers who just haven't left yet.
    I knew of an operations manager who left one of the power plants. Took quite a while to replace him - in part because the CEO had to approve refilling the position! Really? How many layers of management do you need? I think there at least 5 or 6 layers above me. Upper management seems to have no understanding of how electricity is actually made/distributed; they are just a bunch of accountants. Lots of half-truths. Management is constantly stressed/freaking out about the latest whatever.
    Many of the old employees seem to have spent their entire life at Xcel - and don't know anything else. Makes them blind to many of the internal problems. They don't know that things could be better - and so nothing changes for the better.
    Hugely bloated company. Many of the support organizations have forgotten their true purpose(support) and instead create so many internal processes that it makes it nearly impossible to get something done when working with them(especially the contract/sourcing group). The IT group is stuck 15 years in the past. Often have to convert files from other companies so you can open them in your antiquated software. Decent hardware but so full of company spy/control/bloatware that you waste a lot of time just waiting for the computer systems to respond. Supposedly going to be upgrading in the next year or so.
    Constant pressure to make everything a capital project. Will pour huge amounts of cash into anything that is "capital" but freak out about the smallest non-capital expenditure. Waste obscene amounts of money at times, then freak out about fixing small things.

    Advice to Senior ManagementTreat employees like you actually care. Pay skilled non-union at least as well as the union employees. Reward good performance and get rid of the losers. Maybe allow the holy "earnings per share" to drop a bit so we can actually fix the plants.
    Don't postpone our bonuses to try and play the "we're out of money" card with the union.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
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    • No Opinion of CEO

     

    Good place for your later years

    Senior Internal Auditor (Current Employee) Minneapolis, MN

    ProsGood benefits and a high level of job security

    ConsLower than average pay and slow process to climb the ladder

    Advice to Senior ManagementLook to the future, you are going to become a dinosaur

    Yes, I would recommend this company to a friend

     

    Decent place to work at.

    Lineman (Current Employee) Denver, CO

    ProsPay, Work environment, Safety, and benefits, 401k

    Conscommute, rules, management, Schedule, travel

    Advice to Senior ManagementLook out for your employees

    • Culture & Values
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    • Disapproves of CEO

     

    LooN

    Anonymous Employee (Former Employee)

    ProsGood starting salary, well known company, provides required service. Many of the people are hard working, dedicated, and very nice.

    ConsVery little advancement opportunity, lots of nepotism, favoritism. Bonuses are a factor of who you know, not what you do. Many hard workers not rewarded, many golden boys skate by easily.

    Advice to Senior ManagementBe open to employee input, don't be such a top down closed group. Could be more responsive to customer needs and wants instead of just complying with what commissions make them do.

    No, I would not recommend this company to a friend

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