Puget Sound Energy Inc

Manager Compensation

Puget Sound Energy Inc$106K — $253K *
Energy & Utilities
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in a related field and 10 years of experience in compensation program design and implementation.
  • One year of leadership experience overseeing team performance or projects.
  • Strong relationship-building skills with the ability to establish trust with stakeholders.
  • Advanced knowledge of compensation theories, job analysis, and evaluation principles.
  • Proficiency in HR systems and MS Office, particularly advanced Excel skills.
  • Knowledge of labor laws and regulations relating to compensation and pay practices.
  • Excellent communication skills, both written and verbal, across all organizational levels.

Responsibilities

  • Lead the team of compensation analysts in execution of compensation projects and programs.
  • Design and develop competitive salary structures and compensation programs aligned with company objectives.
  • Oversee job analysis and evaluation, guiding salary administration processes.
  • Collaborate with HR leadership to create integrated total rewards strategies.
  • Monitor vendor relationships and ensure service agreements are met.
  • Provide expert consultation on compensation-related pay decisions during union negotiations.
  • Manage budgets and ensure compliance with regulations in program implementation.

Benefits

  • Medical, dental, vision, life, and disability insurance options.
  • Voluntary supplemental life and AD&D insurance, flexible spending accounts.
  • 401(k) investment option and cash balance retirement plan.
  • Paid Time Off (PTO) and Paid Holidays throughout the year.
  • Employee Assistance Program (EAP) to support overall well-being.
Full Job Description
PSE's Compensation & Benefits team is looking for qualified candidates to fill an open Manager Compensation position!

Specific details regarding the work arrangements for this position will be discussed in further detail during the interview process.

Job Description

Puget Sound Energy (PSE), Washington's largest energy provider serving more than 1.7 million customers across the Pacific Northwest, is on a transformative path toward carbon neutrality by 2030. As we evolve to meet the future of clean energy, we are seeking a Manager, Compensation to lead and modernize compensation programs for our workforce of approximately 3,200 employees across both represented and non-represented roles. This is a unique opportunity to shape how compensation supports innovation, including designing and pricing new roles that emerge as technology and clean energy continue to redefine our workforce.

In this role, you will serve as a strategic leader responsible for the full spectrum of enterprise-wide compensation programs. You will lead a team of three analysts in designing, developing, and administering salary structures, base pay programs, and annual short- and long-term incentive plans, including executive compensation. You will ensure all programs are aligned with PSE's total rewards philosophy and employee value proposition while maintaining a competitive market position through active participation in compensation surveys and the evaluation and adoption of survey aggregation tools.

As a key member of the HR Leadership Team, you will collaborate closely with a tight-knit group of peers to build an integrated and forward-looking total rewards strategy, operating with a high degree of independence and influence. You will oversee job analysis and evaluation, guide base salary administration, and provide expert consultation on pay decisions, including during union negotiations. Your work will also include close partnership with Benefits leadership on executive compensation and benefit programs, ensuring alignment and sound governance.

You will manage a high-performing compensation team, fostering professional growth while driving operational excellence. This includes implementing process improvements to enhance efficiency, maximizing vendor partnerships, and maintaining strong oversight of vendor performance. You will also be accountable for program budgeting, financial tracking, and ensuring full compliance with federal, state, and tax regulations, including all required reporting.

Success in this role requires exceptional judgment, discretion, and the ability to navigate sensitive matters with confidence and integrity. You will be a trusted advisor who understands the broader impact of compensation decisions, communicates effectively with diverse stakeholders, and knows how to manage complex and confidential information appropriately. In addition, you will lead the development of clear and compelling compensation communications across written and digital platforms.

At PSE, we are committed to conducting business ethically and in alignment with our core values and Code of Conduct, while fostering a culture centered on safety and compliance. If you are a strategic compensation leader who thrives in a dynamic, evolving environment and wants to play a critical role in shaping the future workforce of a clean energy company, we invite you to join us.

Job Responsibilities

  • Employee Safety, Development & Team Building - Provides employees with coaching, feedback, and developmental opportunities and building effective teams:
    • Demonstrates a passion for safety. Promotes and supports a culture of total safety including eliminating at-risk behaviors by conducting safety audits and inspections, eliminating hazards and near misses, and attending safety meetings.
    • Sets clear expectations and holds employees accountable for performance as well as safety goals/targets where applicable.
    • Oversees training and development of employees directly and indirectly managed and makes effective staffing decisions. Ensures required training is successfully completed.
    • Challenges and inspires employees to achieve business results.
    • Accountable to ensure employees adhere to legal and operational compliance requirements, as well as safety standards.
    • Conducts and ensures the completion of performance reviews and development plans.
    • Provides coaching, direction and leadership support to team members to achieve employee, business, customer and safety results.
  • Leads team of analysts in completion of compensation program work.
    • Provides direction to compensation team in completing projects and annually scheduled work.
    • Review job evaluation recommendations completed by Compensation Analysts.
  • Designs and develops compensation programs and communication strategies.
    • Makes plan design recommendations regarding program function and cost.
    • Manages the implementation and administration of cash compensation programs for the organization, including salary structures and grades, the annual incentive plan and the long-term incentive plan (LTIP).
    • Manages and participates in the administration of compensation processes, such as the merit payment cycle, annual incentive cycle, off-cycle adjustments, job evaluation, market survey matching, validation, and analysis.
    • Develops incentive programs and administers performance review or merit-rating programs.
    • Ensures that compensation programs are competitive and equitable and that the programs administered assist in the attainment of corporate objectives.
    • Establishes plans and procedures for administering company policies and practices in compensation.
    • Develop communications plans, tools and materials to increase the understanding of current and new programs.
    • Partner with Human Resource Advisors and business area leaders to communicate compensation programs and evaluate program effectiveness.
    • Give presentations on compensation programs to manager and employee groups (e.g., roadshow).
    • Function as an internal consultant to company leaders and HR leadership team.
  • Stay informed of legislative and regulatory changes and ensure the compliance of PSE's programs.
  • Manages all vendor relationships including serving as primary contact, overseeing contracts and service agreements, approving invoices, and resolving conflicts to ensure contractual obligations and performance expectations are met.
  • Develops and tracks program budgets and forecasts expenses for compensation programs. Coordinates with PSE General Accounting on recording program expenses in appropriate SAP general ledger accounts. Develops and maintains knowledge of PSE HR SAP system, including researching employee information and GL program expense, and running standardized reports.
  • Participates in cross-functional human resources team(s), working with other HR leaders, program managers and HR Advisors. Provides coaching, direction and leadership support to team members to achieve employee, business and customer results.
  • Performs other duties as assigned.


Minimum Qualifications

  • Bachelor's degree in a related field and ten (10) years progressive experience and responsibility in the design, development and implementation of compensation programs or an equivalent combination of education and experience.
  • One (1) year of team leadership and/or direct supervision of others.
  • Effective relationship building and staff development skills. Ability to quickly build trust and value-based relationships with leadership, colleagues and employees.
  • Advanced knowledge of compensation theories and best practices including job analysis & evaluation principles.
  • Demonstrated ability in providing guidance and counsel to leadership.
  • Knowledge and ability to understand and apply statistical concepts to analyze data.
  • Proficient in HR systems and MS Office, with advanced skills in Excel.
  • Advanced knowledge of HR/personnel practices and principles, labor and pay laws and regulations.
  • Ability to communicate effectively across all levels of the organization in a concise manner.
  • Excellent attention to detail and accuracy; ability to handle multiple tasks, shifting priorities and ambiguity while remaining flexible.
  • Ability to work with critical information and maintain confidentiality.


Desired Qualifications

  • Certified Compensation Professional (CCP) or Master's degree in Human Resources.
  • Experience using enterprise HR systems (such as SAP SuccessFactors) to deliver compensation information to managers and employees.
  • Experience designing and administering equity compensation programs.
  • Experience preparing and filing SEC Compensation Discussion and Analysis and Summary Compensation Tables.
  • Experience administering executive compensation programs.
  • Experience presenting to senior executive and board level audiences.


Additional Information

At PSE, we value our employees and provide them with opportunities to excel. We offer a competitive and comprehensive total rewards package. To learn more about why PSE is a great place to work, see our Employee Value Proposition, which highlights our commitment to employee growth, work-life balance, and meaningful career opportunities in the energy sector.

The pay range for this position is $106,600.00 - $253,200.00, and this position is eligible for annual goals based incentive bonuses.

PSE offers a suite of benefits to our employees. Employees are eligible for medical, dental, vision, basic life, and short- and long-term disability insurance. There are additional voluntary options of supplemental life insurance, accidental death and dismemberment insurance, flexible spending accounts for health care and dependent daycare, and an Employee assistance program (EAP). For long term savings, PSE offers a 401(k) investment option and a cash balance retirement plan. Employees will also receive Paid Time Off (PTO) and Paid Holidays throughout the calendar year. Detailed benefit overviews can be found on our Career page - Why Work For Us (pse.com).

Families and businesses depend on PSE to provide the energy they need to pursue their dreams. Our steadfast commitment to serving Washington communities with safe, dependable and efficient energy started in 1873. Today we're building the Northwest's energy future through efforts like our award winning energy efficiency programs and our leadership in renewable energy.

About Puget Sound Energy Inc

Puget Sound Energy Inc is an energy company that provides electricity and natural gas to customers in the Pacific Northwest. The company was founded in 1886 and is headquartered in Bellevue, Washington. Puget Sound Energy Inc serves over 1.5 million customers and has a generating capacity of over 3,700 megawatts. The company is committed to sustainability and has set a goal to reduce its carbon emissions by 50% by 2040. Puget Sound Energy Inc has received numerous awards for their work including the ENERGY STAR Partner of the Year Award and the Green Power Leadership Award.
Learn more about Puget Sound Energy Inc
Size
3,100 employees
Industry
Founded
1873

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