Invenergy reviews

3.4

53% would recommend to a friend

(414 total reviews)
avatar

Michael Polsky

52% approve of CEO

47% positive business outlook

Invenergy has an employee rating of 3.4 out of 5 stars, based on 414 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Invenergy employee rating is in line with the average (within 1 standard deviation) for employers within the Energia, mineração, utilitários industry (3.7 stars).

Reviews by job title

414 reviews
1.0
Mar 20, 2024
Recommend
Business Outlook

Pros

-You will work with some of the best and smartest people that you will ever meet -The work can be interesting, but be prepared to be overworked -It is a well known company within the energy industry and a good place to get started

Cons

-Pay is low compared to competitors and you need to basically hope you never have to use your health insurance -You get a decent amount of PTO days but that includes your sick time for the year and they provide a limited number of holidays off in comparison to just about every other company -The company is very top heavy and it will never cease to amaze you the sheer number of VPs, SVPs, and EVPs that exist. With that being said, actual leadership within the company is lacking to say the least because they care more about their own pay and status than the wellbeing of their employees. Senior leadership is also made up of predominantly older white men that collectively lack a single original thought of their own and are simply there to enforce the wishes of Michael Polsky -They do not value any sort of work life balance and at the insistence of the owner have eliminated the previous hybrid WFH policy. Their old school way of thinking still equates productivity to seats in a chair unless of course they need you to work long hours to complete a task - only then is it perfectly acceptable to log on nights and weekends from the comfort of your home -You are seen and treated as replaceable, even if you are a top performer -They grew too fast and hired too many people and now they are trying to force people out or lay people off (we haven’t forgotten about the NY office yet have we??)

2.0
Aug 24, 2023
Recommend
Business Outlook

Pros

-Convenient location in the loop by both Union Station and the subway. -There is a lot of potential in the energy market for Invenergy to continue to grow. -The Company is well funded by partial owners Blackstone and the Renewable Energy Act. The threat of this private company being sold to a new party is very low. -The Technology department is very transparent about progress, projects and praise within the group by way of quarterly meetings.

Cons

-Work from home regulations have been slowly stripped away. Any job currently posting as a hybrid job in Chicago will most likely require you back into the office fully within a year. -You will go through at least five interviews with multiple departments you may rarely interact with. -The company has a high turnover. Me and one other person were hired to our team of 6 in October of 2021. We are now in August 2023 the most senior members of the team aside from our department manager who hired us. -Your manager on hiring will not necessarily stay with you after a year or more. Multiple middle managers are being hired and input from teams addressing concerns are not taken into consideration. -There is a major disconnect between department managers and upper management. i.e. Upper management met with our department for input on WFH. We addressed the happiness with the current system and its work life balance. That very day an email went out regressing the weekly 2 off/3 on site schedule to now being 6 days a month. -Managers will not fight for you. Any concerns are met with deft ears as they state they want your feedback but will constantly state their hands are tied. -I began work as a contract to hire and I regret being hired on full time. As a contractor you have the power to govern yourself more and I highly recommend it. -On the point of contract versus full time. They use a yearly bonus system to incentivize you to stay on. This will be about 8-10% of your salary but it is taxed HEAVILY. Also your yearly QoL raises will be around 3-4% at most. You will not get the bonus as a contractor but QoL raises will be addressed at the end of contracts. -There are constant space issues. It is a growing company and they are trying so hard to get you to come into the office. However, you will more than likely be stuck with hoteling your desk or just trying to find space to use your laptop for half a year or more. The company has doubled down on leasing more space in the corporate office instead of allowing WFH but it is not planned for completion until 2024.

3.0
Oct 22, 2018
Recommend
Business Outlook

Pros

Everyday presents a challenging work environment, if that's appealing to you. Great industry exposure because Invenergy is a renewable energy industry leader and well respected within the industry. Very intelligent colleagues and overall fairly friendly people. Good PTO starting off (21 days). Bonus structure/target was reasonable (15%). Met or exceeded target bonus every year. Great place to gain experience, especially if you're young (20's & early 30's). Opportunities to advance up the ladder if you work hard, show leadership, and innovative thought. Privately held company so very nimble and can adapt to evolving industry. Developers typically develop both wind and solar (depending on market). People are super hard working. Office space is very modern and enjoyable. One South Wacker is a great downtown location. Plenty of company sponsored and non company sponsored social events. Regular guest speakers come to the HQ. State of the art control center. Very collaborative work environment. Invenergy is not scared of taking on a controversial project. Willing to spend money during development and is very aggressive with pursuing land and queue positions. Relationship with GE for turbines.

Cons

Lower end of the industry pay scale. Most days are fire drills, which is exhausting and makes getting burned-out very easy. Expect to work after hours, weekends, and PTO days. Management can set unrealistic expectations for some groups which adds to the daily dire drills. A common saying around the office is, "that's the Invenergy way." This phrase means fire drills occur often and win an RFP or secure an off take agreement and figure out how to execute on what's required second. This mentality is often at the root of fire drills and day to day craziness. Timelines are often not realistic thus causing developers to push everything along as fast as possible at the expense of pushing other groups too much. Management knows everyone is operating well over their bandwidth. Much more turnover the last year or so. Exposure to upper management is often dependent on your individual manager. Some managers buffer everything some are more willing to let those interactions occur organically. Invenergy occupies all of floors 18 & 19 and some of 20. 18 & 19 are total opposites in term of environments and interaction between the floors is very minimal. 20 is mainly legal and is nothing like 18 & 19. Working from home isn't common. Tech challenges with new software implementations. Getting invoices paid on time is way more challenging than it should be. Invenergy is not scared of taking on a controversial project. Could be more active in the M&A space but often low-ball offers.

Viewing 22 - 24 of 414 Reviews

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