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Total Rewards Specialist

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Graco

15d ago

  • Job
    Full-time
    Junior Level
  • Consulting
    People, HR & Administration
  • Minneapolis
  • Quick Apply

AI generated summary

  • You should have a relevant degree, 1+ years in HR (preferably Compensation/Benefits), knowledge of rewards practices, strong communication skills, and proficiency in Microsoft Office. Experience with Workday/MarketPay is a plus.
  • You will support total rewards programs, assist with compensation and benefits inquiries, coordinate incentive payouts, manage vendor relationships, ensure compliance, and enhance internal processes.

Requirements

  • Bachelor’s degree in Human Resources or related field or equivalent combination of education and/ or experience
  • 1+ years Human Resources experience preferred, preferably within Compensation or Benefits
  • Basic knowledge of compensation and benefits practices (job evaluation, health and welfare plans, retirement plans, other reward programs)
  • Good oral and written communication skills
  • Strong attention to detail, organizational and analytical skills, and ability to handle multiple priorities
  • Good customer service orientation, flexible and adaptable to change, team player, and continuous improvement mindset
  • Working knowledge of Microsoft Office Word, Excel, PowerPoint, and Access
  • Ability to handle confidential employee information with discretion and exercise sound judgment
  • Experience with Workday and MarketPay preferred

Responsibilities

  • Assist in developing and administering total rewards plans and programs, including global salary structures, factory wage reviews and step progressions, incentive plans, health and welfare plans, retirement plans, stock programs, and recognition programs
  • Act as an internal consultant to HR business partners and leaders on basic and some intermediate compensation and benefit related matters to ensure consistent plan/program administration; serve as point of escalation for MyHR on more complex total rewards questions from employees
  • Assist with cyclical total rewards programs and processes including the annual merit review process, benefits open enrollment, incentive plan payouts, and stock grants
  • Support the effective administration of sales, marketing, and other incentive compensation plans by coordinating data management, calculating and auditing payouts, partnering with payroll and HRIS on processing payments, communicating with finance and sales leadership, and conducting analyses on plan payouts and performance
  • Lead the survey participation process by consulting with compensation, benefit, and regional HR partners on survey selection, serving as primary point of contact for survey vendors, and administering the market pricing tool (MarketPay)
  • Identify opportunities to improve the efficiency and effectiveness of total rewards programs and implement changes; evaluate and revise internal processes; and document and maintain administrative procedures for assigned total rewards processes
  • With direction, evaluate jobs for internal equity and external competitiveness, conduct market analyses, and communicate findings and results to HR partners and management
  • Lead the administration of retiree benefit programs, including enrollment for retiree medical plans, updating and maintain the retiree database, and communications with retirees
  • Process monthly billing invoices and reconciliation, and track benefit plan and total rewards vendor expenses
  • Partners with the HRIS & Analytics team on maintaining, enhancing, and testing systems used to administer total rewards plans and programs; maintain accurate employee data within the HRIS system (Workday); and monitor interfaces with compensation and benefits vendors
  • Ensures compensation and benefit plans, programs, and practices remain legally compliant by monitoring changes in laws and regulations and proactively recommending program updates to maintain compliance

FAQs

What is the primary responsibility of the Total Rewards Specialist at Graco?

The primary responsibility of the Total Rewards Specialist is to support the design, implementation, communication, and administration of Graco's total rewards plans and programs, ensuring alignment with business objectives and market competitiveness.

What qualifications are required for the Total Rewards Specialist position?

Candidates must have a Bachelor’s degree in Human Resources or a related field, or an equivalent combination of education and experience. Additionally, 1+ years of human resources experience, preferably in Compensation or Benefits, is preferred.

What specific skills are important for this role?

Important skills include good oral and written communication, strong attention to detail, organizational and analytical skills, and a good customer service orientation. Working knowledge of Microsoft Office tools is also required.

Is experience with specific tools or software preferred for this position?

Yes, experience with Workday and MarketPay is preferred for this role.

Will the Total Rewards Specialist have the opportunity to collaborate with other teams?

Yes, the Total Rewards Specialist will partner with HR business partners, finance, and the HRIS & Analytics team to ensure effective administration and communication of total rewards programs.

What types of programs will the Total Rewards Specialist manage?

The Total Rewards Specialist will manage various programs including global salary structures, incentive plans, health and welfare plans, retirement plans, stock programs, and recognition programs.

How does this role contribute to employee satisfaction?

The Total Rewards Specialist continuously seeks ways to improve the efficiency and effectiveness of total rewards programs, which enhances employee satisfaction and aids in attracting and retaining talent.

What is the salary range for the Total Rewards Specialist position?

The salary range for this position is between $54,300.00 and $95,100.00, depending on various factors such as geographic location, skills, competencies, education, and experience.

Does Graco offer benefits and compensation beyond salary?

Yes, Graco offers attractive benefits including medical, dental, stock purchase plans, 401(k), tuition reimbursement, and more.

How does Graco ensure compliance with laws and regulations in their total rewards programs?

The Total Rewards Specialist will monitor changes in laws and regulations and proactively recommend updates to maintain compliance with compensation and benefits plans and programs.

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Graco

Manufacturing & Electronics
Industry
1001-5000
Employees
1926
Founded Year

Mission & Purpose

Founded in 1926, Graco (NYSE:GGG) is a world leader in fluid handling systems and components. Graco Inc. supplies technology and expertise for the management of fluids in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid materials. Graco maintains an aggressive strategy to design and develop new products and systems and distributes through a worldwide network of distributors and other channels. Graco is focused on expanding into new markets through product development and acquisitions.