Compensation Analyst

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Position Summary:

We are seeking a highly detail-oriented and motivated Compensation Analyst to join our Global Compensation team. This role will play a critical part in supporting the administration, maintenance, and execution of compensation programs across the organization. 

The Compensation Analyst will provide operational and analytical support across core compensation processes including annual compensation cycles, audit support, and incentive program administration, Workday support. The role requires strong attention to detail, process discipline, and the ability to collaborate effectively with HR, Talent, Payroll, and other cross-functional stakeholders to ensure data accuracy and process integrity. 

This is an excellent opportunity to gain exposure to global compensation practices, contribute to process improvement initiatives, and help drive strong governance and audit readiness across compensation operations. 

Major Responsibilities:

Compensation-Related Support

• Annual Compensation Cycle: Execute post-cycle compensation adjustments, including LOA hold releases and rescinded merit events, generate and validate compensation statements, implement approved merit calculation corrections in Workday, and partner with local HR teams to ensure Workday compensation data aligns with local payroll outputs.

• LTI Administration: Support quarterly new hire and one-time grant updates within Workday and assist with annual LTI grant administration, including updates to compensation and stock grant records.

• Bonus Administration: Validate compensation plan alignment (e.g., segment specific plans) and effective dating, prevent overlapping compensation plans and ensure data accuracy, and maintain and update bonus files and job-family structures.

• Reporting: Support and maintain compensation-related reports in Workday, assist in standardizing report naming conventions and reducing duplication, and contribute to reporting harmonization and data consistency across regions and segments.

• Audit Support: Support statutory and internal audit processes for compensation programs with and without merit plans, partner on audit communications, templates and Workday EIB load corrections, maintain audit trackers, eligibility lists and assist in troubleshooting process-related inquiries, track audit status across segments, including identification of audited vs. non-audited associates, and support data corrections related to country alignment, job grades, and compensation profiles.

• Process Documentation (SOPs): Develop and maintain job aids, standard operating procedures (SOPs), and FAQs.

• HRBP Support Documentation: Assist in maintaining the Compensation SharePoint site, Job Catalog, and other related support documentation to ensure the HRBP community has access to accurate, current, and user-friendly compensation resources.

Benefits-Related Support

• Invoice Reallocation: Support benefits invoice reallocation processes based on actual utilization, extract and analyze data from source systems to generate reporting and assist with processing reallocations with accounts payable system (Esker).

• Benefits Hub Support: Provide support for Benefits Hub inquiries, including password reset assistance, and support increased inquiry volume during peak periods such as Open Enrollment.

• HR-Specific New Hires and Terminations: Manage Workday reporting and processing activities related to HR-specific employee actions and ensure proper handling of compensation and benefits impacts tied to employee lifecycle events.

Qualifications:

• University degree (or equivalent experience) in Human Resources, Business Administration, Finance, or a related field.

• 1-3 years of experience in Compensation, HR Operations, or a related analytical role.

• Experience with HR systems (e.g., Workday) is preferred.

• Process improvement mindset with the desire to conduct root cause analysis and make strategic recommendations.

• Proficiency in Microsoft Excel and data management practices.

• Strong problem-solving skills, attention to detail with a high level of accuracy in data handling and process execution.

• Ability to work independently on multiple projects/tasks in a fast-paced environment.

Preferences:

• Knowledge of compensation fundamentals (merit, bonus, and LTI programs).

• Experience supporting HR audits or compliance-related processes.

• Familiarity with Workday compensation transactions and reporting.

• Exposure to global HR or Compensation operations.

• Continuous improvement mindset with an interest in process documentation and standardization.

Language: English
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Regal Rexnord is a publicly held global industrial manufacturer with 30,000 associates around the world who 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 controls, actuators, drives, and precision motors, controls motion in applications ranging from factory automation to precision control in surgical tools.

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 has offices and manufacturing, sales and service facilities worldwide. For more information, including a copy of our Sustainability Report, visit RegalRexnord.com.

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.