Marsh McLennan

Senior Compensation Consultant

Marsh McLennan • $129K — $259K *
Chicago, IL 60629Hybrid
Business Services
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor’s degree in Business, Human Resources, Finance, or a related field
  • 8+ years of experience in compensation consulting or related HR advisory roles
  • Proven ability to manage multiple large-scale projects and complex client engagements
  • Deep knowledge of compensation strategy and regulatory compliance
  • Strong client relationship management skills advising senior executives
  • Excellent communication, presentation, and leadership skills
  • Proficiency in Microsoft Office, especially Excel and PowerPoint

Responsibilities

  • Structure, direct, review, and interpret analyses performed by project teams
  • Develop compensation strategies and programs that meet client needs
  • Thrive in an environment embracing AI and technology-enabled tools
  • Provide consulting services on pay strategy and job architecture design
  • Manage day-to-day client interactions and build strong relationships
  • Guide junior team members and ensure quality deliverables
  • Generate revenue through new and existing client relationships

Benefits

  • Professional development opportunities and supportive leadership
  • A vibrant, inclusive culture for collaboration
  • A broad range of career opportunities and comprehensive benefits
  • A flexible hybrid work model promoting work-life balance
Full Job Description
e 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.

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.

What you will do:

  • Structure, direct, review, and interpret analyses performed by project teams

  • Develop compensation strategies, philosophies, and programs that address clients’ attraction and retention needs

  • Thrive and be motivated by an environment that embraces AI and technology-enabled tools.

  • 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

What you need to have:

  • 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

What makes you stand out:

  • 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 

Why join Mercer:

  • 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

About Marsh McLennan

Marsh McLennan Careers

Join the exceptional team at Marsh McLennan, a global leader in professional services, offering unparalleled job opportunities in insurance, risk management, and consultancy. As the company propels forward, it invites dedicated professionals to contribute to a culture of innovation, leadership, and growth.

Work You’ll Do

At Marsh McLennan, you will engage with complex challenges that push the boundaries of your skills and knowledge. Our team thrives on diversity and the shared goal of delivering impactful solutions to our clients worldwide. By joining us, you will be part of a culture that values diversity training and leadership development, ensuring every team member is equipped for success.

Explore Professional Growth

Marsh McLennan is committed to the professional growth of its employees. Whether you are seeking a position that offers a path to leadership or looking for robust internship programs to kickstart your career, Marsh McLennan provides the resources and global platform to propel your ambitions into achievements. Our benefits package is designed to support the well-being and continuous professional development of all staff, from entry-level to senior leadership roles.

Innovative Work Environment

Our company is at the forefront of industry innovation. The collaboration between experienced professionals and fresh talent generates dynamic solutions that keep Marsh McLennan at the cutting edge of the industry. Our team is encouraged to lead with creativity and embrace new ideas, driving the company’s legacy of pioneering industry-first solutions.

Join Our Team

Marsh McLennan is hiring! Explore the multitude of job opportunities on our careers page, from strategic advisory roles to operational excellence positions. We look for passionate, curious, and solution-driven team players. Enhance your career with Marsh McLennan, where your skills will be honed through challenging projects and high-impact strategies.

Networking and Career Advancement

Networking at Marsh McLennan opens doors to enriching connections and countless opportunities within the industry. Our professionals benefit from an environment that fosters networking through events, professional groups, and collaborative projects. With Marsh McLennan, career advancement is not just a possibility—it is an expectation.

Prepare for Your Interview

Ready to apply? Make sure your resume highlights your most relevant experiences and skills tailored to the position you are applying for. Our interview process is designed to understand your capabilities and fit with our team’s goals and values. Prepare to discuss how your background, experiences, and professional aspirations align with the opportunities at Marsh McLennan.

Stay Connected

Keep up to date with the latest from Marsh McLennan: - **Career Insights**: Gain insider perspectives and industry-leading insights through our careers blog. - **Job Alert Emails**: Personalize your subscription to receive job alerts and the latest news tailored to your preferences. Discover the rewarding career opportunities awaiting at Marsh McLennan, where your professional journey is just the beginning. Join us in shaping a future defined by insight, integrity, and innovation.
Learn more about Marsh McLennan
Size
83,000 employees
Market Cap
$82.6 billion
Industry
Finance & Insurance
Net Income
$2 billion
Founded
1914
5 Year Trend
+8.5%
Revenue
$17.2 billion
NASDAQ
MMC
* Ladders Estimates

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