Director, Regulatory Compliance Specialist, HR​/Recruitment

Xcel Energy (NASDAQ:XEL) is a leading energy provider and Fortune 500 company, dedicated to serving millions of electricity and natural gas customers across eight states:
Minnesota, Colorado, Wisconsin, Michigan, North Dakota, South Dakota, New Mexico and Texas. We make energy work better for our customers, helping them thrive every day. That means always raising the bar-delivering better service and providing more reliable, resilient, and sustainable energy. Xcel Energy is a place where you’ll have opportunities to grow, expand your skills, and help lead the clean energy transition.

We offer meaningful rewards, recognition, and support to help you build your career and make an impact - both on the job and beyond. Most importantly, it means you’ll be joining a company that knows employees are the driving force behind its success and is committed to helping you be your best.

Xcel Energy supports a hybrid work model to enable collaboration and flexibility. Many roles are expected to work onsite three days per week (Tuesday–Thursday); however, work location expectations vary based on role, team, and business needs.

Director, Compensation

Position Summary

A visionary leader responsible for the design, development and implementation of the Company’s broad-based employee compensation and recognition programs. This role requires a deep understanding of base pay, incentive plans, recognition and executive compensation. Serves as the leader that position compensation programs to align with business needs the Total Rewards strategy to support the attraction and retention of desired talent. The Compensation Director is a crucial role on the Total Rewards leadership team to foster partnerships across HR and collaborate with Finance, Legal, Regulatory to align plan design and enhance the employee experience and organizational performance.

Essential 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.

• Ensure team stays abreast of regulatory changes and that business processes remain compliant with applicable federal, state and local requirements (e.g., FLSA, 409A, pay equity, wage notices).
• Ensure strong partnership with other cross-functional partners and alignment on ownership.
• Collaborate with internal partners to develop and implement strategy to obtain regulatory recovery on employee labor costs.
• Oversee the coordination and preparation of testimony, respond to regulator requests, and act as HR's witness for regulatory proceedings.

• Serves as a rate case witness and attends hearing when applicable.
• Acts as a backup to the Executive Compensation & LTI Senior Manager.
• Support the preparation of proxy filings.
• Serves as an understudy on preparation of materials for the Governance, Compensation and Nominating Committee (GCN) meetings.

• Build, mentor, and…