Director, Global Compensation - Rosemont, United States - Regal Rexnord Corp

Description

Scope of Leadership Role

A key influencer of Regal Rexnord's short and long-term business success depends on the ability to have the right talent, in the right roles at the right time to drive the enterprise strategy.

This role is responsible for providing global compensation leadership within Regal Rexnord. The role will be based in Rosemont, IL reporting to the VP of Global Total Rewards. The Director, Global Compensation will serve as a key member of the Corporate HR Leadership team. This is a strategic and hands-on role that is responsible for developing strategy, building roadmaps of implementation, administration, communication, compliance and providing thought leadership. Responsible for leveraging their expertise to lead Regal Rexnord's Compensation function through assessing the effectiveness and competitiveness of the global compensation plans while anticipating and navigating the ever changing compliance landscape.

The Director of Global Compensation will serve as a key partner to the VP of Global Total Rewards, CHRO along with the Human Resources Leadership Team (HRLT). They will partner with this cross-functional team to enable Regal Rexnord to acquire, develop and retain a high quality global diverse workforce.

The Director Global Compensation will lead and develop an internal team and supplement resource needs with outside vendors and resources. The role will lead a team of direct/indirect reports globally. They must have the depth of compensation experience as well as forward thinking capabilities to evolve the competitiveness, consistency and transparency of Regal Rexnord's compensation programs and processes. Successful candidate must be able to generate win-win outcomes building partnerships across the enterprise while aligning expectations and integrating various points of view.

Core Responsibilities

• Contribute to the development of Regal Rexnord's Employee Value Proposition.
• Evolve Regal Rexnord's global compensation (short-term and long-term) strategy, processes and programs that incorporates market competitiveness, consistency, governance and financial analysis.
• Collaborate and partner with HR leadership to understand their challenges related to compensation programs; and key issues in attracting, motivating and retaining high quality, diverse talent.
• Demonstrate continuous improvement and deliver results aligned with enterprise and HR strategy, including KPIs.

Key Compensation Responsibilities:

• Provide consultative technical expertise, advice, and guidance regarding compensation matters to HR and business leaders by developing strong partnerships.
• Provide counsel to HR and business leaders on job design, job documentation, job leveling and policy interpretation.
• Enhance and maintain Regal Rexnord's compensation structure and job leveling architecture globally.
• Combine internal data, stakeholder feedback and external competitive data to make decisions that impact employees and the business in a meaningful way.
• Manage vendor and administration of Regal Rexnord's long-term incentive equity program
• Manage global salary survey vendors and develop internal market pricing tools to ensure proper positioning of jobs to competitive market data. Supplement our data sources, build industry networks, and keep up with market trends.
• Design and implement global compensation programs, policies, governance and administrative procedures that are market competitive, cost effective and legally compliant.
• Provide leadership, counsel, and guidance on Regal Rexnord's annual compensation year-end planning process for merit, bonus and LTI, in partnership with HR team members.
• Develop a compensation communication strategy, simplifying complex concepts and providing tools for decision making purposes.
• Responsible for leading, motivating and developing the team, delegating effectively, and managing performance.
• Responsible for developing and delivering strong implementation and change management plans for new and existing compensation program enhancements or changes working closely with stakeholders across the organization.
• Ensure on-going audits for internal compliance, governance, ensuring adherence to country, local and federal statutes and laws.
• Supports executive compensation at key times of year and special projects.

PROFESSIONAL EXPERIENCE/QUALIFICATIONS

The successful candidate will have a combination of strategic and hands on proven experience in the oversight of the management and administration of global compensation programs, preferably in a global industrial manufacturing environment. This leader must have the passion, energy and intellectual curiosity necessary for a fast-paced, growth-driven environment. Be able to employ forward thinking and have the ability to expeditiously execute projects and programs.

Minimum Requirements:

• Bachelor's degree required in Finance, Business Administration or Human Resources.
• Master's degree preferred.
• 10 years of Human Resources experience within a global organization.
• 7 years of global experience with designing, enhancing or evolving compensation programs to enable market competitiveness in the attraction and retention of high quality talent.
• Experience with stock administration/vendor management with a public company
• Demonstrated track record for holding vendors to the highest performance standards.
• Demonstrated track record of partnering with senior leaders to develop and implement compensation strategies that produce measurable outcomes and drive business results.
• Excellent interpersonal and influencing skills to establish trust, credibility and rapport at all levels of the organization; seen as humble, direct, and authentic while possessing executive presence.
• Proven ability to be hands on, roll up sleeves and demonstrate resourcefulness, initiative, results-orientation. Has a mindset of continuous improvement and can embrace Regal Rexnord's 80/20 principles.
• Demonstrated ability to develop strong partnerships and influence resources outside one's direct responsibility.
• Ability to travel up to 10% domestically.

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Benefits

• Medical, Dental, Vision and Prescription Drug Coverage
• Spending accounts (HSA, Health Care FSA and Dependent Care FSA)
• Paid Time Off and Holidays
• 401k Retirement Plan with Matching Employer Contributions
• Life and Accidental Death & Dismemberment (AD&D) Insurance
• Paid Leaves
• Tuition Assistance

About Regal Rexnord

Regal Rexnord's 30,000 associates around the world help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company's electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power industrial applications. The Company's automation offering, comprised of controllers, drives, precision motors, and actuators, controls motion in applications ranging from factory automation to precision tools used in surgical applications.

The Company's end markets benefit from meaningful secular demand tailwinds, and include factory automation, food & beverage, aerospace, medical, data center, warehouse, alternative energy, residential and commercial buildings, general industrial, construction, metals and mining, and agriculture.

Regal Rexnord is comprised of three operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. Regal Rexnord is headquartered in Milwaukee, Wisconsin and has manufacturing, sales and service facilities worldwide. For more information, including a copy of our Sustainability Report, visit

Equal Employment Opportunity Statement

Regal Rexnord is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex/gender, sexual orientation, gender identity, age, ancestry, national origin, marital status, citizenship status (unless required by the applicable law or government contract), disability or protected veteran status or any other status or characteristic protected by law. Regal Rexnord is committed to a diverse and inclusive workforce. We are committed to building a team that represents diverse and inclusive backgrounds, perspectives, and skills. If you'd like to view a copy of the company's affirmative action plan or policy statement, please email If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application, please e-mail

Equal Employment Opportunity Posters

Notification to Agencies: Please note that Regal Rexnord Corporation and its affiliates and subsidiaries ("Regal Rexnord") do not accept unsolicited resumes or calls from third-party recruiters or employment agencies. In the absence of a signed Master Service Agreement or similar contract and approval from HR to submit resumes for a specific requisition, Regal Rexnord will not consider or approve payment to any third-parties for hires made.