Vice President Rewards - Global Industrial

** SUMMARY
* * The Vice President, Total Rewards is a strategic enterprise leader responsible for shaping and advancing the organization’s total rewards strategy in support of business performance, talent strategy, and long-term growth. This role leads the design and execution of compensation, benefits, executive compensation, recognition, and broader rewards programs that attract, motivate, retain, and engage a high-performing workforce.

Working closely with the Chief People Officer, executive leadership, and the Board of Directors, the VP of Total Rewards brings a strong understanding of the intersection between people, performance, and economics. The role translates business priorities into reward strategies that are competitive in the market, differentiated where it matters, financially disciplined, and meaningful to employees.

This leader will also play a critical role in evolving the Total Rewards function as the organization changes—ensuring programs, governance, technology, and processes are scalable, data-driven, and aligned with the needs of a complex global enterprise.
** JOB DUTIES*
* · Develops and leads an integrated global Total Rewards strategy aligned with the company’s business strategy, talent priorities, culture, and financial objectives.
· Establishes a clear rewards philosophy that balances market competitiveness, internal equity, pay-for-performance, affordability, and employee experience.
· Serves as a trusted advisor to the CHRO and executive leadership on significant compensation and benefits decisions and emerging rewards trends.
· Regularly assesses the effectiveness of the rewards portfolio and recommends changes based on business needs, workforce insights, market movement, and financial considerations.
· Leads the strategy and governance for executive compensation, including annual and long-term incentive programs, executive pay positioning, and related governance requirements.
· Partners with the CHRO, CEO, Board, and Compensation Committee on executive compensation matters, including preparation of materials, recommendations, and market analysis.
· Oversees the design and administration of broad-based compensation programs, including salary structures, annual incentive plans, sales incentives, recognition programs, and other performance-based rewards.
· Strengthens the connection between individual and organizational performance and compensation outcomes.
· Ensures compensation programs support attraction and retention of critical talent while maintaining appropriate cost discipline.
· Provides strategic leadership for the company’s global benefits portfolio, balancing employee needs, competitiveness, financial sustainability, and risk.
· Oversees health, retirement, wellbeing, leave, and other benefit programs across applicable geographies.
· Continuously evaluates the benefits portfolio to ensure it reflects changing workforce expectations and provides meaningful value to employees.
· Partners with Finance, Legal, Risk, and external advisors to manage benefit costs, compliance, vendor relationships, and plan governance.
· Establishes consistent global rewards principles while allowing appropriate flexibility for local market and regulatory requirements.
· Uses workforce data, external benchmarks, and business intelligence to identify opportunities to improve rewards effectiveness.
· Partners with HR Business Partners and business leaders on complex talent, organizational, and workforce decisions where compensation and rewards are a critical component.
· Supports major organizational changes, restructurings, acquisitions, divestitures, and other strategic transactions through compensation and benefits analysis and planning.
· Modernizes the Total Rewards function…