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    Compensation Analyst - Minneapolis, United States - Graco

    Graco
    Graco Minneapolis, United States

    3 weeks ago

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    Description

    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.

    The Compensation Analyst is responsible for helping to design, maintain, and administer compensation programs aimed at attracting and retaining world-class multi-disciplined talent in a competitive environment. Reporting to the Enterprise Total Rewards Leader, 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

    • Assist in leading annual compensation processes including the merit cycle, bonus and incentive payouts, salary survey participation, pay range review, factory wage review, 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
    • Analyze compensation program effectiveness and make recommendations for continuous improvements
    • Participate in compensation activities involved with the integration of acquisitions
    • 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
    • 2+ 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 with Workday and MarketPay is preferred
    • CCP, PHR, or SHRM-CP credentials is preferred
    Power to Be
    At Graco, the Power to Be means providing the support, resources and freedom to pave your own way. Bring your unique attributes to the table, along with a commitment to being your best self, and you can be a part of a culture that rewards effort, celebrates uniqueness, and gives you the tools you need to succeed and become your best, fullest self along the way. Our culture empowers employees to chart their own career path. Our managers provide support and opportunities while offering freedom for employees to find their own Power to Be. Whether you decide to move up within the same department or expand to another cross-functional group, you will gain the well-rounded experience to succeed on your own terms.

    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

    Proven Quality. Leading Technology. Launch your career with Graco
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