Senior Compensation Analyst

Graco manufactures and markets premium equipment to move, measure, control, dispense and spray a wide variety of fluid and powder materials. What does that mean? Well, we pump peanut butter into your jar, and the oil in your car. We glue the soles of your shoes, the glass in your windows and the screen on your phone. We spray the finish on your vehicle, coatings on your pills, the paint on your house and texture on your walls. Graco is part of your daily life.
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.
What You Will Do at Graco
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
What You Bring to Graco
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
Accelerators:
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
#LI-Hybrid
Applicants must be legally authorized to work in the United States on a permanent and unrestricted basis. This position is not eligible for immigration sponsorship now or in the future (e.g., H-1B, TN, E-3, O-1, L-1, or employment-based permanent residence sponsorship). Candidates working under temporary employment authorization, including F-1 OPT, STEM OPT, CPT, or similar programs, are not eligible for this position.
At Graco, you truly make a difference. Your unique talents contribute to our organizational growth and future. Not only do you make a difference, but Graco’s culture empowers employees to create their own career path. Whether you choose to advance within your current department or explore new opportunities in different divisions, you have the ability to build your future. Our managers are here to provide support and guidance as you continue to grow within your career.
Graco has excellent opportunities available to individuals who want to be part of a fast-moving, growing company that is committed to quality, innovation and solving fluid handling problems for our customers. Graco is proud to be named a Best Place to Work by Fortune Magazine in 2016, 2018, 2019, 2021 & 2022. Graco offers attractive compensation, benefits and career development opportunities. Graco’s comprehensive benefits include medical, dental, stock purchase plan, 401(k), tuition reimbursement and more.
Our company uses E-Verify to confirm the employment and eligibility of all newly hired employees. To learn more about E-Verify, including your rights and responsibilities, please visit www.dhs.gov/E-Verify.
The base pay range for this position is listed below, exclusive of fringe benefits or other compensation. If you are hired, your final base hourly rate will be determined based on factors such as geographic location, skills, competencies, education, and/or experience. In addition to those factors, we will also consider internal equity of our current employees. Please keep in mind that the range provided is the full base salary range for the role. Hiring at or near the maximum of the range would not be typical to allow for future and continued salary growth.
$75,000.00 - $131,200.00