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.
Job Description
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
Required Qualifications
- 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
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At Graco, you truly make a difference. Your unique talents contribute to our organizational growth and future. Not only do you make a difference, but Graco’s culture empowers employees to create their own career path. Whether you choose to advance within your current department or explore new opportunities in different divisions, you have the ability to build your future. Our managers are here to provide support and guidance as you continue to grow within your career.
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 www.dhs.gov/E-Verify.
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.
$64,200.00 - $112,400.00
Top Skills
What We Do
Lexmark creates cloud-enabled imaging and IoT technologies that help customers worldwide quickly realize business outcomes. Through a powerful combination of proven technologies and deep industry expertise, Lexmark accelerates business transformation, turning information into insights, data into decisions, and analytics into action.
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