Compensation Analyst / Consultant

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

The Compensation Analyst supports the design, administration, and ongoing maintenance of the company’s broad-based compensation programs. This role provides initial job evaluation support by reviewing job documentation, preparing first-level assessments, and coordinating with senior Compensation Consultants for validation and final recommendations.

The analyst assists with compensation data pulls, market analysis, survey participation, and recurring reporting to ensure accurate and timely information is available for program decisions. The role also supports key initiatives such as the job architecture project by maintaining job data, updating documentation, and ensuring alignment across systems and stakeholders.

The position collaborates with Compensation team members, HR partners, and HR Technology to support annual compensation processes and ensure consistent application of compensation practices across the organization.

Compensation Analyst - compensation range: $62,500 - $88,766 Essential Responsibilities

- Support the administration, documentation, and communication of one or more of the company's rewards programs including but not limited to short-term incentives, sales incentives, employee recognition or special pay programs.

- Support compensation processes including but not limited to the annual base pay and incentive cycle, annual surveys process, salary structure updates, market reviews, and regulatory proceedings/filings.

- Design, build, interpret and deliver compensation metrics, reports, audit checks and tools on a scheduled or ad hoc basis to inform compensation program decisions, forecast and monitor program/process effectiveness and ensure data integrity/accuracy.

- Provide technical expertise and support in the design, development, implementation, and administration of compensation programs and processes in partnership with compensation team members, HR consulting, HR technology, HR operations, business systems and business leaders.

Minimum Requirements

- Bachelor's degree in a business-related field, or an equivalent combination of education and relevant experience.

- At least 2 years of applicable reporting, analytics, program administration or related experience.

- Strong data management, analytical and reporting skills with demonstrated ability to summarize and present complex data in an organized, concise manner as well as problem solving, collaboration, and partnership capabilities.

- Requires intermediate to advanced Excel skills and working knowledge of Word and PowerPoint.

- Ability to work independently with moderate guidance and manage multiple projects and priorities.

Preferred Requirements

- Prior experience with job evaluations and market pricing.

Compensation Consultant - compensation range: $71,900 - $102,100

Essential Responsibilities

- Consultation: Provide technical expertise and support in the design, development, implementation, and administration of compensation programs and processes in partnership with compensation team members, HR consulting, HR technology, HR operations, business systems and business leaders.

- Reporting/Analytics: Design, build, interpret and deliver compensation metrics, reports, audit checks and tools on a scheduled or ad hoc basis to inform compensation program decisions, forecast and monitor program/process effectiveness and ensure data integrity/accuracy.

- Program Administration: Lead and coordinate the administration, documentation, and communication of one or more rewards programs including but not limited to short-term incentives, sales incentives, employee recognition or special pay programs.

- Process Support: Leads or supports compensation process including but not limited to the annual base pay and incentive cycle, annual surveys process, salary structure updates, market reviews, and regulatory proceedings/filings.

Minimum Requirements

- Bachelor's degree in a business-related field, or an equivalent combination of education and relevant experience.

- At least 4 years of applicable reporting, analytics, program administration or related experience.

- Knowledge and experience related to compensation principles and concepts, compensation consulting, salary survey administration, and job evaluations/market pricing strongly preferred.

- Strong data management, analytical and reporting skills with the ability to interpret and clearly communicate the data.

- Requires advanced Excel skills and working knowledge of Word and PowerPoint.

- Ability to work independently with moderate guidance and manage multiple projects and priorities.

- Professional compensation certification from a recognized professional or educational organization is preferred.

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.

Individuals with a disability who need an accommodation to apply please contact us at recruiting@xcelenergy.com.

Non-Bargaining

The anticipated starting base pay for this position is: $62,500.00 to $102,100.00 per year

This position is eligible for the following benefits: Annual Incentive Program, 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, Volunteer Paid Time Off (VPTO), Parental Leave

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.

In any materials you submit, you may redact or remove age-identifying information including but not limited to dates of school attendance and graduation. You will not be penalized for redacting or removing this information.

Deadline to Apply: 12/24/25

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ACCESSIBILITY STATEMENT

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.