Senior Compensation Analyst

Graco•Minneapolis, MN

2d•$75,000 - $131,200•Onsite

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 Senior Compensation Analyst is responsible for designing, maintaining, and administering compensation programs aimed at attracting and retaining world-class multi-disciplined talent in a competitive environment. Reporting to the Compensation Manager, this individual will partner with Graco’s HR Managers and leadership team to provide consultative services on compensation topics and help ensure that compensation and total rewards programs are aligned with the business and talent strategies. As part of the total rewards team, this individual will also play a key supportive role in select benefits projects as assigned.

Requirements

Broad working knowledge of compensation theories, techniques, and practices, including job analysis, market pricing, and salary structure design
Bachelor’s degree or equivalent in human resources, business, finance, or related field.
5+ years’ experience in compensation
Strong analytical skills, including advanced knowledge of Microsoft Excel and proven capabilities to collect, analyze, interpret, model, and summarize compensation data to support decision-making
Strong written and verbal communication skills and ability to collaborate effectively with cross-functional teams
Strong attention to detail and organizational skills
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 global compensation is strongly preferred
Experience designing and administering sales incentive plans and variable compensation programs is preferred
Experience with equity program administration is preferred
Experience with Workday and MarketPay is preferred
Experience with benefits analytics and support
CCP, PHR, or SHRM-CP credentials is preferred

Responsibilities

Provide strategic consultation to HR partners and leaders on compensation-related matters
Conduct job evaluations to ensure jobs are graded appropriately, considering external market analysis, internal equity, and regulatory compliance
Oversee global grade pay structures, including development of annual market movement recommendations
Collaborate cross functionally to design, administer, calculate, and communicate variable bonus and incentive plans
Coordinate and ensure the effective execution and communication of global annual compensation processes, including the merit cycle, bonus and incentive payouts
Analyze compensation program effectiveness and make recommendations for continuous improvements
Participate in compensation activities involved with the integration of acquisitions
Own the company recognition program, including program governance, guideline development and maintenance, evaluation of program effectiveness, and recommendations for enhancements aligned with organizational goals and talent strategies.
Provide expertise and oversight for severance calculations, interpreting plan provisions and policies, validating payment amounts, and advising HR and business leaders on severance-related matters.
Ensure compliance with all laws and regulations related to compensation, and conduct compliance reviews including pay equity and FLSA exemption
Research and develop recommendations for new compensation programs and conduct analyses for assigned special projects as needed