Senior Compensation Consultant

Marsh McLennan•Chicago, IL

3d•$129,600 - $259,200•Hybrid

About The Position

We are seeking a talented Senior Compensation Consultant to join our Career Consulting team at Mercer. This role 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