Senior Compensation Analyst at Graco in Minneapolis, Minnesota, USA (Tech Center)

Job description

• 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.

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

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 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

Skills

Preferred

• Experience with global compensation
• Experience with Workday and MarketPay
• CCP, PHR, or SHRM-CP credentials

Benefits

• 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