Director, Compensation — Lead Total Rewards

Xcel Energy; Minneapolis (MN); Hybrid; USD 148,000 - 211,000; Full time

Benefits offered by this job

Annual Incentive Program

Long Term Incentive

Medical/Pharmacy Plan

Dental

Vision

Life Insurance

Dependent Care Reimbursement Account

Health Care Reimbursement Account

Health Savings Account (HSA)

Limited-Purpose FSA

Transportation Reimbursement Account

Short-term disability (STD)

Long-term disability (LTD)

Employee Assistance Program (EAP)

Fitness Center Reimbursement

Tuition reimbursement

Transit programs

Employee recognition program

Pension

401(k) plan

Paid time off (PTO)

Holidays

Volunteer Paid Time Off (VPTO)

Parental Leave

Job summary

Xcel Energy in Minneapolis, Minnesota, is seeking a Director of Compensation to lead the design, development, and implementation of comprehensive pay and recognition programs. You will partner with HR, Finance and Legal to align plans with the Total Rewards strategy and support talent attraction and retention.

The role requires deep expertise in base pay, incentive plans, and executive compensation, plus strong leadership to guide a high-performing team and ensure compliance with evolving

Qualifications

• Bachelor’s degree in a HR, business, or related field; advanced degree preferred.
• 10+ years of progressive experience in compensation, with at least 5 years in a leadership or strategic role.
• Some exposure and working knowledge of executive compensation and LTI program administration.
• Strong understanding of relevant laws and regulations governing compensation programs at the federal and state levels.

Responsibilities

• Direct the assessment and development of broad-based employee compensation strategy, roadmap and programs to ensure alignment with business needs.
• Champion innovative program offers in response to business growth needs and supporting employee engagement.
• Assess market trends and formulate recommendations to maintain the right level of competitive market positioning within the larger total rewards framework.
• Make evidence-based decisions for continuous improvement by analyzing program costs, utilization, and claims data to optimize plan design and expenses while maintaining or enhancing value for employees.
• Provide leadership on program and policy implementation, administration, communication and change management for base pay and variable pay.
• Ensure business continuity through the ongoing development and maintenance of standard operational procedures and process documentation.

Skills

Thought Leadership

Analytical & Financial Acumen

Effective Communicator

Project Management

Organizational Planning

Influence & Collaboration

Detail Oriented

Tech-Savvy

Vendor Management

Team Leadership

Education

Bachelor's degree in HR or related field

Advanced degree preferred

Tools

HRIS

Compensation systems

Job description

Xcel Energy in Minneapolis, Minnesota, is seeking a Director of Compensation to lead the design, development, and implementation of comprehensive pay and recognition programs. You will partner with HR, Finance and Legal to align plans with the Total Rewards strategy and support talent attraction and retention.

The role requires deep expertise in base pay, incentive plans, and executive compensation, plus strong leadership to guide a high-performing team and ensure compliance with evolving