Principal Compensation Consultant

Marsh Agency; Greater London; Hybrid; GBP 90,000 - 120,000; Full time

Job summary

Mercer is seeking a Reward Consulting professional to join our London-based team. This hybrid role requires in-office presence for at least three days a week and focuses on designing and executing total reward strategies for UK clients, with emphasis on global and strategic engagements.

You will advise across the Reward and Talent practice, drive growth, and partner with senior leadership on executive and broad-based rewards strategy.

Qualifications

• Track record as a consultant advising clients on the formulation and implementation of reward strategies aligned to the clients' business agenda.
• Strong strategic commercial acumen with the capacity to quickly understand business issues.
• Experience with sales methods, tools and practices and proven sales experience.
• Exceptional client management skills with demonstrated experience developing strong relationships.
• Experience working collaboratively in multi-cultural environments.

Responsibilities

• Contribute to Mercer's reputation and market position as a market leader in reward strategy design and execution.
• Advise across Reward and Talent practice and deliver across people strategy, talent management, broad based rewards, job architecture, employee experience, skills and future of work.
• Meet challenging business development goals leading to sustainable growth revenues.
• Lead design, development and analysis of total reward strategies and programs aligned with business strategy and pay-for-performance culture.
• Drive innovation and value creation through global reward programs.

Skills

Reward strategy

Consulting

Sales experience

Client management

Multicultural collaboration

Job description

We are seeking a talented individual to join our Reward Consulting team at Mercer. This role will be based in London. This is a hybrid role that has a requirement of working at least three days a week in the office. Mercer is the pre-eminent global consulting firm that business leaders and human resource professionals around the world turn to when strategic change is on their agenda. Through integrated talent solutions, we help our clients build the leadership, talent and organisational capabilities they need to compete and grow for the future. The purpose of this market and client-facing role focused on Reward is to drive growth, support leadership and play a key part in developing Mercer's presence in the UK reward market. It operates mainly in the UK market and Mercer's target market (FTSE350 and equivalents) with particular emphasis on global and strategic clients.

We Will Count On You To

• Contribute to Mercer's reputation and market position as a market leader in the design and execution of best in class reward strategy
• Advise across the Reward and Talent practice and deliver across people strategy, talent management, broad based rewards, job architecture, employee experience, skills and future of work.
• Meet challenging business development goals leading to sustainable growth revenues
• Lead the design, development and analysis of total reward strategies and supporting programs to ensure alignment with business strategy that reinforce the company's pay-for-performance culture.
• Drive innovation and value creation across the business via the development of global reward and incentive programs.
• Manage performance of the global total rewards team delivering services consistent with business strategy with a particular focus on process optimization, consistent use of technology and systems, and overall operational excellence.
• Monitor performance by collaborating closely with internal partners to align the operational excellence of the total rewards function to ensure a seamless, effective service experience for employees and managers.
• Partner with senior leadership and the Compensation Committee of the Board of Directors on the executive and broad-based rewards strategy of the firm.
• Determine feasibility of plans and provide guidance to reduce risk and maximize opportunities associated with mergers & acquisitions, divestitures, and restructuring activities.
• Researches and applies leading market total rewards practices to optimize the company's total rewards programs.
• Manage vendor relationship strategy to ensure effective and seamless implementation within established budget. Defines consistent and relevant total rewards success criteria, metrics and reporting dashboards to ensure program effectiveness.
• Support clients and lead consulting assignments.
• Engage, facilitate, and guide senior executives and develop trusted advisor relationships with key clients
• Work collaboratively with colleagues across Mercer's businesses and functions

What You Need To Have

• Track record as a consultant advising clients on the formulation and implementation of reward strategies aligned to the clients' business agenda
• Strong strategic commercial acumen with the capacity to quickly understand business issues
• Experience with sales methods, tools and practices and proven sales experience.
• Exceptional client management skills with demonstrated experience developing strong relationships
• Experience working collaboratively in multi-cultural environments

Why Join Our Team

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.