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Senior Compensation Analyst

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Graco

2mo ago

  • Job
    Full-time
    Senior Level
  • People, HR & Administration
    Accounting & Tax
  • Minneapolis
  • Quick Apply

AI generated summary

  • You need a bachelor’s degree, 5+ years in compensation, strong Excel and analytical skills, effective communication, attention to detail, and experience with equity and sales incentives.
  • You will lead global compensation processes, provide strategic consultation, conduct job evaluations, manage bonus plans, ensure compliance, analyze program effectiveness, and support acquisitions.

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
  • 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

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

FAQs

What is the main responsibility of the Senior Compensation Analyst at Graco?

The main responsibility of the Senior Compensation Analyst is to design, maintain, and administer compensation programs that attract and retain top talent, while ensuring alignment with business and talent strategies.

What qualifications are required for the Senior Compensation Analyst position?

The position requires a Bachelor’s degree in human resources, business, finance, or a related field, along with 5+ years of experience in compensation.

What specific skills are important for this role?

Important skills include strong analytical abilities, advanced knowledge of Microsoft Excel, excellent written and verbal communication skills, and strong attention to detail and organizational skills.

Is experience with global compensation preferred for this role?

Yes, experience with equity administration and global compensation is strongly preferred.

What tools or software experience is preferred for the Senior Compensation Analyst?

Experience with Workday and MarketPay is preferred for this role.

Are there any credentials that are preferred for this position?

Yes, credentials such as CCP, PHR, or SHRM-CP are preferred.

What kind of compensation processes will the Senior Compensation Analyst lead?

The Analyst will lead global annual compensation processes including merit cycles, bonus and incentive payouts, salary survey participation, pay range reviews, factory wage reviews, and stock grants.

Will the Senior Compensation Analyst collaborate with other teams?

Yes, the Analyst will collaborate with HR partners, divisional and regional management, financial controllers, and other cross-functional teams.

What benefits does Graco offer to its employees?

Graco offers attractive compensation, medical and dental benefits, stock purchase plans, 401(k), tuition reimbursement, and career development opportunities.

How does Graco's culture support employee growth?

Graco’s culture empowers employees to create their own career paths, offering support and guidance from managers as they advance in their careers.

Does Graco use E-Verify?

Yes, Graco uses E-Verify to confirm the employment eligibility of all newly hired employees.

Manufacturing & Electronics
Industry
1001-5000
Employees
1926
Founded Year

Mission & Purpose

Founded in 1926, Graco (NYSE:GGG) is a world leader in fluid handling systems and components. Graco Inc. supplies technology and expertise for the management of fluids in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid materials. Graco maintains an aggressive strategy to design and develop new products and systems and distributes through a worldwide network of distributors and other channels. Graco is focused on expanding into new markets through product development and acquisitions.