Compensation Analyst

Graco•Minneapolis, MN

13d•$64,600 - $113,100•Hybrid

About The Position

Graco manufactures and markets premium equipment to move, measure, control, dispense and spray a wide variety of fluid and powder materials. This role is currently based at our Minneapolis office and will transition to our new headquarters in Dayton, MN, in 2027. The Compensation Analyst supports the design, administration, and analysis of compensation programs aimed at attracting and retaining world-class talent. Reporting to the Compensation Manager, this role partners closely with HR to deliver accurate compensation analysis, support annual compensation processes, and ensure programs are administered consistently and compliantly.

Requirements

Working knowledge of compensation theories, techniques, and practices, including job analysis, market pricing, and salary structure design
Bachelor’s degree in HR, Business, Finance, or related field
2+ years of compensation experience
Accuracy focused, with demonstrated experience of careful data handling
Strong analytical skills with advanced Excel capability
Effective written and verbal communication skills and ability to collaborate effectively with cross-functional teams
Applicants must be legally authorized to work in the United States. This role is not eligible for immigration sponsorship now or in the future (e.g., H-1B, TN, F-1 OPT).

Nice To Haves

Experience with Workday and MarketPay
Experience with Global Compensation
Experience with Equity Administration
CCP, PHR, or SHRM-CP

Responsibilities

Own end-to-end salary survey participation, ensuring accurate and compliant data submissions
Support annual compensation processes including merit increases, bonus and incentive payouts, salary surveys, pay range reviews, factory wage reviews, and stock grants
Conduct compensation analysis and modeling to support pay decisions and program evaluations
Participate in job evaluations, market pricing, and internal equity analyses with review from senior team members
Support the administration of global grade and pay structures and assist with market movement analyses
Assist in the administration and calculation of variable incentive and bonus plans
Support equity administration activities and documentation requirements
Prepare reports, dashboards, and materials for compensation reviews and projects
Assist with compensation activities related to acquisitions and integration efforts
Support compliance reviews and documentation related to compensation programs
Participate in special projects and research as assigned