Invenergy Reviews | Glassdoor

Invenergy Reviews

Updated July 18, 2017
35 reviews

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3.5
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Michael Polsky
21 Ratings

35 Employee Reviews

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  1. Featured Review

    "After 1 year, this is what I have learned"

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

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

    Pros

    Company has a very innovative idea in the market place.
    Company seems very agile to a multitude of threats or obstacles to its success.
    Diverse workforce with a fun young culture guided by leaders and visionaries in the industry.
    Nicely renovated office space with lots of cool art.
    A place that lets you carve out your spot and push hard to succeed (if you don't work hard, don't expect to get much attention)
    Great company culture and values.

    Cons

    The company is growing rapidly so there is a large workload, but for those who are willing to accept challenges, this is a great opportunity to show value.
    Going along with the previous comment, the company seems under staffed in some areas. I see more and more people being hired every week, so hopefully this is helping.

    Advice to Management

    Continue rewarding those who work hard to create value at the company and want to be more ingrained at a higher level.


  2. "A great place to develop your career."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Engineer in Chicago, IL
    Current Employee - Operations Engineer in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    They are very good at promoting from within. There are a ton of opportunities for career growth and development. Very good company culture.

    Cons

    Compensation is usually below market value. It's definitely a driven environment and you can feel out of place if you aren't pushing yourself.

    Advice to Management

    A little more money can make people a lot more worth it.

  3. Helpful (5)

    "Much better opportunities out there"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Development in Chicago, IL
    Current Employee - Development in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Good PTO. Nice modern office.

    Cons

    Very cliquey. Be prepared to suck up to upper management to advance, but don't bother with the owner as he won't even make eye contact with you.


  4. "Great company in a growing field"

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

    I have been working at Invenergy full-time

    Pros

    Growth company in a fantastic field, especially if you care about the environment. Organization is fairly flat and senior management is approachable. Innovation is part of the culture. Chicago office is in a great location and the office has been recently remodeled and modern. Career opportunities are great.

    Cons

    Work/Life balance can and will take a hit within an entrepreneurial environment.

    Advice to Management

    Continue to evolve and improve work/life balance for employees by modernizing policy and improving business processes to streamline labor.


  5. Helpful (7)

    "Potential never came to fruition"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in Chicago, IL
    Former Employee - Analyst in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great PTO. Great employees; most are extremely passionate about their jobs, which creates a great working environment. Most of senior management is very down to earth and approachable.

    Cons

    Some groups within the organization, are, for lack of a better term, toxic. My departure was in large part because of the toxic group that I was a part of. Unfortunately some very great people are sprinting out of Invenergys doors due to a few bad apples ruining the bunch.

    Advice to Management

    Please take note of the groups that are struggling and take a deeper look at leadership within those groups, as opposed to only focusing on what the employee might be lacking. The group(s) are reflective of their leader(s).


  6. "IT Technician"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL
    Approves of CEO

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

    Pros

    Awesome company to work for.

    Cons

    There actually too many meetings on a daily basis.

    Advice to Management

    N/A


  7. "Accounting Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Accounting Manager in Chicago, IL
    Former Employee - Accounting Manager in Chicago, IL
    Recommends
    Positive Outlook

    I worked at Invenergy full-time (More than a year)

    Pros

    Invenergy is a very fast paced company, where opportunities can be what you make them. Because it is such a relatively young company, in an industry that has changed by the month the last few years, employees who are able to think on their feet, take initiative, communicate, and have a drive to succeed can very quickly establish themselves as integral parts of department, and company. Unlike many accounting jobs, collaboration with a large number of internal, and external groups is required, but again creates ample opportunities for individuals to establish themselves, and obtain visibility from other departments, management, and important suppliers/lenders.

    They recently made a jump to be increasingly more progressive, by completely building out all floors of their office, so that is about as contemporary of a space as you will find in Chicago. Additionally, they made capital investments into new Accounting and HR systems that will take them through the next ten years, once they get them in place, and can maximize the added benefits over their old solutions.

    For mid sized company, a lot of emphasis is placed on cross department development. They are not at the size to be able to effectively do rotation programs, but they do have a large number of committees and task forces which they involved employees of all levels in, to allow the employees to make the work experience as much of their own experience, as is realistic, and keep them as engaged as possible.

     Those that embrace the fast paced nature, and that are willing to get involved, beyond their core work requirements, tend to be rewarded. I personally received one promotions in my just under 2 years there, and saw a number of others with similar experience receive the same, and in cases multiple promotions in that time. It seemed like management understands that there were a number of processes, and systems, that needed improvement, but some were tedious, and those that showed that initiative, and were not complacent, were consistently rewarded. I would have stayed much longer but family obligations lead to a different path.

    Management also makes a point to spend time with each employee. Within the accounting group the VP/Controller and CFO each make a point to spend time with every employee within their organization each quarter to obtain feedback on how they are doing, and creating an open forum for any changes they feel could be beneficial.

    Cons

    Because it is so fast paced, and such a young company(half have been there less than 2 years), with so many assertive people, if you require a regimented training program, and a lot of hand holding, you will likely struggle. Your internal audiences on a daily basis(by department) can range from tax, to asset management, to finance and project management. Understanding how to communicate to various audiences, and the needs of each can be complicated, and those that lack the ability to do so, are not likely to be comfortable, or maximize their success. Unlike many accounting roles that are simple debits/credits on a few straight forward ledgers, the job can be incredibly complex with org charts with 1000's of entities, and projects with completely different rules depending on their various life cycles. Getting a greater understanding of the industry, and not just accounting guidance is necessary to add value. This can be a "Pro" for some, but others can really struggle managing their time,understanding all of the concepts, and what are the actual value added activities, which then can impact their work-life balance. Even those that are very successful tend to have steep learning curves. However, those individuals that get through that seem to do really well and have long tenures in the department, and organization.

    While the work is very rewarding it is also extremely fast paced, with something constantly going on, and often different, and it did seem there were a few people while I was there in other departments that were great contributors and leaders but seemed to get burnt out after longer tenures(4-8 years) and left.

    Advice to Management

    The workforce is very young at Invenergy, with many aggressively looking to make their mark, and become leaders in the energy field. Many look to obtain their MBAs as part of that pursuit. With the CEOs relationship with U of Chicago, it seems like a long term plan and investment should be made in the human assets they have, and value, that can lead them into the future of Invenergy, and not just in the office, and systems.

  8. Helpful (9)

    "Some Parts Good \ Others not so much"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Doesn't Recommend
    Positive Outlook

    I worked at Invenergy full-time (More than a year)

    Pros

    The people really are the story to Invenergy. Young, enthusiastic ready to learn. The company is growing and as such has a lot of processes \ procedures that are not defined. It's greenfield if you're the type to create a process vs. follow one.

    Cons

    Stay away from I.T. It's very much a "do as I say and not say as I do" environment. Expect to work long hours and create the appearance of availability; while leadership attends 10+ conferences is out of the office 47% of the time. Current leadership has no strategy or vision for the group and manages by crisis. If you consider yourself to have insight into your craft, be prepared to argue to move forward on relatively simplistic objectives.

    Invenergy is known for underpaying it's employees. Realize you're being underpaid by 40% and want a raise? Not happening. Earn a degree for which Invenergy could directly benefit? So what. To elevate yourself in a technology or degree DEMANDS you leave the organization.

    Invenergy prides itself on being a relatively flat organization, which in turn leads to minimum opportunities for advancement.

    CEO is depressing, during many town halls & company celebrations, you can count on him to suck the air out of the room. If you're looking to be inspired by a CEO, look elsewhere.

    Advice to Management

    know that there is a great deal of expertise & experience walking out the door frequently for a myriad of reasons and systematically try to solve them. Else, continue to witness the departure of valued associates.


  9. Helpful (4)

    "Regret ever taking this position.....Do Not Waste your Time"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Accountant in Chicago, IL
    Former Employee - Accountant in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Invenergy full-time (More than a year)

    Pros

    The positive of this organization is the talent that is housed in the staff. Also great PTO...when you can use it.

    Cons

    - Hardworkers are overlooked at Invenergy; advancement based on who you know versus output.
    - Turnover isn't uncommon within the firm due to limited appreciation for the talented staff. There have also been on the spot dismissals within the past year with no reasonable (aka do not worship management).
    - Speaking up against management on workload, favoritism, lack of development, or speak poorly of management in general you will have a target on your back and will likely mysteriously "quit" within the next 6 months.
    - Assignments very manual and time consuming and does not utilize its workforce as a lot of the work can be just data entry and frankly not challenging.
    - Very toxic culture - Extremely political and cliquey environment.
    - Huge double standard between management and staff, if staff does not meet deadlines they are scrutinized by management however if management do not meet deadlines any excuse is viable.
    - Meeting heavy where tons of meetings are scheduled but nothing is ever accomplished.

    My biggest complaint is that staff needs to constantly follow up with their manager on how to manage their team, in a way felt like you were chaperoning your own boss, Educating management on how to allocate work, how to manage, & how boost team camaraderie represented a very "green" & inexperienced leadership at Invenergy.

    Advice to Management

    Focus on development of advancing current staff instead of looking externally for candidates. Look at managers with high turnover to determine how to address issues within the team instead of sweeping it under the rug and assuming it is part of the "growing pains" of an entrepreneurial organization.


  10. Helpful (13)

    "Disappointed. I had high hopes for this company when I joined..."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Accounting in Chicago, IL
    Former Employee - Accounting in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Invenergy full-time (More than a year)

    Pros

    - Interesting industry. Learned a good amount
    - Met some smart, hardworking people
    - Decent happy hours outside of work
    - Decent Comp and benefits (Good bonus and excellent # of PTO days to make up for slightly lower than market salary),

    Cons

    - Very political and toxic culture
    - VERY cliquey- You're either in the "in" group or the "out" group
    - Very heavy work load, especially in Accounting and Portfolio Finance (Some due to turnover, some due to culture of "get everything 100% right" even if it's not material to do so...spending an hour to find $75 out of a million is not a good use of time)
    - Overall attitude of "That's not my issue" (Aka, very poor teamwork)
    - Very little career development for people in the "out" group
    - Have to be a loud mouthed demanding person who delegates everything if you want to get promoted.
    - Company posts fake reviews on glassdoor to make company look better than it is.

    Advice to Management

    - Stop with the department drama and protecting the "select few" while getting rid of the people who actually know what they're doing. Everyone can see it and everyone talks about it. You're not fooling anyone.
    - Stop pretending like the current processes and systems aren't that bad, they're awful and you waited way too long to upgrade everything.
    - Discuss with employees what they're next steps are to being promoted. Not saying a word about promotions or being vague about their future will NOT make them want to work harder.
    - If people aren't promotional material...TELL THEM, stop with the runaround. If your staff doesn't trust you, they're not going to be motivated to keep you happy.

    - STOP POSTING FAKE POSITIVE REVIEWS ON GLASSDOOR! <- This is one of my pet peeves.


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