Principal Rewards Consultant

Marsh & McLennan Companies, Inc. • Louisville, KY

33d • Hybrid

About The Position

We are seeking a talented individual to join our Career Consulting team at Mercer. This role will be based in [Office Location] and offers a hybrid work arrangement, requiring a minimum of three days per week in the office or with clients. Mercer is uniquely qualified to help organizations design and execute sophisticated workforce strategies, whether it's for a multinational organization or a local company attempting to grow within its market. We provide best-in-class consulting, rigorous analytics, and data-driven insights that help organizations make fact-based decisions. As a Principal consultant, you will lead delivery of large-scale projects, coach team members, and solve complex compensation challenges. In addition, you will support the business development process. This is a great opportunity to partner with senior management and HR leaders to develop and deliver compensation strategies that attract, retain, and motivate talent.

Requirements

• Bachelor's degree in Business, Human Resources, Finance, or a related field
• Extensive (8+) years of experience in compensation consulting or related HR advisory roles, with demonstrated subject matter expertise
• Proven ability to manage multiple large-scale projects and complex client engagements
• Deep knowledge of compensation strategy, compensation-related technology, incentive plan design, market analysis methodologies, and regulatory compliance
• Strong client relationship management skills with experience advising senior executives
• Excellent communication, presentation, and leadership skills
• Proficiency in Microsoft Office, especially Excel and PowerPoint
• Intellectual curiosity and a proactive approach to problem-solving and coaching

Nice To Haves

• Experience leading engagements for global organizations with complex compensation challenges
• Demonstrated success in leading or supporting business development activities
• Advanced analytical skills and familiarity with compensation management tools, survey management tools, and AI-enabled compensation agents
• Demonstrated leadership in developing innovative solutions and thought leadership content

Responsibilities

• Structure, direct, review, and interpret analyses performed by project teams
• Develop compensation strategies, philosophies, and programs that address clients' attraction and retention needs
• Provide consulting services to senior management on compensation issues including pay strategy (structure and competitiveness), job architecture design, and digital activation of these designs
• Manage day-to-day client interactions, building and maintaining strong relationships
• Provide guidance and oversight to junior team members, supporting their development and ensuring quality deliverables
• Generate revenue by developing new client relationships, extending existing engagements, and identifying cross-selling opportunities

Benefits

• Professional development opportunities and supportive leadership to help you grow
• A vibrant, inclusive culture where you can collaborate with talented colleagues
• A broad range of career opportunities and comprehensive benefits to support your well-being
• A flexible hybrid work model balancing remote work with in-office collaboration

What This Job Offers

• Job Type: Full-time
• Career Level: Principal
• Industry: Insurance Carriers and Related Activities