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 Applicants must be legally authorized to work in the United States. This role is not eligible for immigration sponsorship now or in the future (e.g., H-1B, TN, F-1 OPT). At Graco, you truly make a