Director, Compensation

Xcel Energy

Xcel Energy

Software Engineering
Minneapolis, MN, USA
Posted on Thursday, June 29, 2023

Are you looking for an exciting job where you can put your skills and talents to work at a company you can feel proud to be a part of? Do you want a workplace that will challenge you and offer you opportunities to learn and grow? A position at Xcel Energy could be just what you’re looking for.

Position Summary

Provides leadership of the Company’s broad-based employee compensation and recognition programs. Develops and implements compensation strategies to assure attraction and retention of desired talent.

Essential Responsibilities

  • Strategy and Program Design: Directs the design and assessment of broad-based employee compensation strategy, roadmap and programs to ensure alignment with business needs while remaining market competitive. Assesses market trends and formulates recommendations to maintain the right level of competitive market positioning within the larger total rewards framework. Partners with Workforce Analytics team to assess the effectiveness of existing programs (e.g., cost vs. benefit, usage, and employee value proposition) through metrics and dashboards. Advises on pay decisions, policy interpretations and job evaluations including the design of creative solutions to specific compensation-related programs.
  • Operational Excellence: Provides leadership on program/policies implementation, administration, communication and change management for base pay and variable pay. Ensures team members stay abreast of regulatory changes and business processes remain compliance with applicable federal, state and local requirements (e.g., FLSA, 409a, pay equity, wage notices, etc.). Partners with Workforce Analytics team to track and assess operational efficiency, workload and potential resource/knowledge gaps. Establish approach and consistency within the team on process documentation, cross training and operational support structure. Ensure strong partnership with other cross-functional partners and alignment on ownership
  • Team management and development: Encourages team growth through skill development, coaching and training, alignment in performance expectations and establishing a focus on networking. Fosters a culture that drives employee development and empower ownership/decision making mindset. Manages departmental budgets and expenses within corporate guidelines. Responsible for all staffing related actions.
  • Regulatory support:Collaborate with internal partners to develop and implement strategy to obtain regulatory recovery on employee labor costs. Oversee the coordination and preparation of testimony, responding to regulator requests and acting as HR’s witness for regulatory proceedings. Prepare to attend and participate in regulatory recovery cases as needed.

Minimum Requirements

  • Bachelor’s Degree in Business/Human Resources or related field or a combination of education and experience providing equivalent knowledge.
  • Master’s degree is preferred.
  • 10 years progressively responsible experience in compensation or total rewards with five years of management experience.
  • Proven organizational and communication skills to effectively address all levels within the organization.
  • Effective project manager with ability to develop an overall project plan with clear deliverables and manage a project team.
  • Demonstrated knowledge/experience with government regulations pertaining to Human Resources and broad- based compensation and recognition systems.
  • Advanced analytical, consulting and influencing skills, with a track record of identifying issues and formulating solutions.
  • Demonstrated experience with various HRIS and compensation systems

Preferred Requirements

  • CCP certification Workday compensation and advanced compensation modules

As a leading combination electricity and natural gas energy company, Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need. If you’re ready to be a part of something big, we invite you to join our team.

All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Non-BargainingThe anticipated starting base pay for this position is: $136,000.00 to $192,666.00 per yearThis position may also be eligible for the following benefits and/or pay components: Pay - Annual Incentive Program, Pay - Long Term Incentive, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Reimbursement Account, Health Care Reimbursement Account, Health Savings Account (HSA) (if enrolled in eligible health plan), Limited-Purpose FSA (if enrolled in eligible health plan and HSA), Transportation Reimbursement Account, Short-term disability (STD), Long-term disability (LTD), Employee Assistance Program (EAP), Fitness Center Reimbursement (if enrolled in eligible health plan), Tuition reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Personal holidays, Volunteer Paid Time Off (VPTO) (full-time employees only), Parental Leave

Pay and benefit packages may vary based on position. Some employees are under collective bargaining agreements, which determine the benefits they will receive. If the information conflicts with the terms of the written plan documents governing the plan, the plan document will control. Benefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part.

EEO is the Law | EEO is the Law Supplement | Pay Transparency Nondiscrimination | Equal Opportunity Policy (PDF) | Employee Rights (PDF)

Xcel Energy endeavors to make https://www.xcelenergy.com/ accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact Xcel Energy Talent Acquisition at recruiting@xcelenergy.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.