Senior Compensation Analyst

Graco - Minneapolis, MN

Full-time - Mid Level

Minneapolis, MN

Machinery Manufacturing

About the position

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 all compensation topics, and help ensure that compensation and total rewards programs are aligned with the business and talent strategies.

Responsibilities

• Lead global annual compensation processes including the merit cycle, bonus and incentive payouts, salary survey participation, pay range reviews, factory wage reviews, and stock grants
• 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 with divisional and regional management and financial controllers to design, administer, calculate, and communicate variable bonus and incentive plans
• Administer the company's stock option grant programs and global equity plans, ensuring compliance with regulatory requirements
• Manage compensation programs for expatriates, including the analysis, review, administration, and communication of expatriate allowances and policies
• Assist with preparing materials for the compensation committee of the board and the company's annual proxy statement
• Support the analysis and administration of Board of Director and executive total compensation plans and programs
• Analyze compensation program effectiveness and make recommendations for continuous improvements
• Participate in compensation activities involved with the integration of acquisitions
• 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

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

Nice-to-haves

• Experience with equity administration and global compensation is strongly preferred
• Experience designing and administering sales incentive plans and variable compensation programs is preferred
• Experience with Workday and MarketPay is preferred
• CCP, PHR, or SHRM-CP credentials is preferred

Benefits

• Medical
• Dental
• Stock purchase plan
• 401(k)
• Tuition reimbursement