Senior Compensation Analyst

About the role

Graco manufactures and markets premium equipment to move, measure, control, dispense and spray a wide variety of fluid and powder materials. This role is currently based at the Minneapolis office and will transition to the new headquarters in Dayton, MN, in 2027. The Senior Compensation Analyst designs, maintains, and administers compensation programs to attract and retain world‑class talent, partners with HR managers and leadership on compensation topics, supports benefits projects, and ensures alignment with business and talent strategies.

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

• Bachelor’s degree or equivalent in human resources, business, finance, or related field