Compensation Consultant, Senior Associate

Company:Mercer

Description:

We are seeking a talented individual to join our Compensation team at Mercer, a Marsh business. This role will be based in the Toronto office. This is a hybrid role that has a requirement of working at least three days a week in the office.

As a Senior Associate in Mercer’s Compensation Consulting practice, you will collaborate on challenging compensation and total rewards consulting engagements to support companies, of all sizes and across all industries, solve their greatest challenges by designing and implementing workforce strategies that help to attract and retain top talent. You will take ownership of projects, working directly with clients while overseeing analytical work that informs the design, review, and implementation of workforce and executive compensation programs. The role also includes contributing to business growth by preparing proposals, responding to RFPs, and creating thought leadership materials such as whitepapers and presentations. You will collaborate closely with the Canadian Compensation Consulting team and connect with Mercer’s broader network of compensation professionals.

We will count on you to:

• Provide consulting services to senior management on a variety of remuneration issues, including competitiveness of pay, performance measurement, and governance and regulatory implications.

• Lead and mentor a team of analysts to deliver multiple compensation and total rewards projects on time and to a high standard.

• Conduct research and analysis to diagnose organizational issues and strategies, and to interpret industry and market trends related to compensation, total rewards, talent attraction/retention, and organizational goals.

• Perform external market reviews and benchmarking analyses to assess an organization’s compensation and total rewards competitiveness relative to peer groups.

• Develop and deploy job evaluation methodologies, including support for job description creation and evaluation activities.

• Conduct federal and provincial pay equity analyses to support and inform an organization’s pay equity compliance strategy.

• Prepare clear and compelling client reports and presentations, including recommendations for senior management, HR leaders, boards of directors, and executives, and contribute ideas through team brainstorming sessions to shape client solutions.

• Recognize and identify business development/sales opportunities

What you need to have:

• A Bachelor’s degree majoring in finance, economics, business, mathematics, statistics or HR

• Minimum 5 years of compensation and/or relevant work experience in human resources/management consulting

• Experience consulting with leading public and private companies in a variety of industries on compensation strategy development, competitive pay evaluation, pay/performance links, incentive program design (annual and long-term), equity strategy, change in control planning, mergers and acquisitions, board compensation, and other issues.

• Demonstrated expertise in analyzing large, complex data sets and translating findings into clear presentations and reports using Microsoft PowerPoint.

• Advanced proficiency with Microsoft Excel, including complex formulas and functions, with the ability to build integrated, multi-sheet analytical models.

• Strong qualitative and quantitative analytical, critical thinking, and technical skills, with the capability to apply these strengths in new contexts and on new projects.

• Extensive project management experience overseeing multiple concurrent initiatives and timelines, including leading teams to successfully meet project objectives and deliverables.

What makes you stand out:

• MBA

• Strong business and financial acumen

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 an 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.

Mercer is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Mercer, visit mercer.com, or follow us on LinkedIn and X.

Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. In accordance with the Accessibility for Ontarians with Disabilities Act, 2005, Marsh will provide a reasonable accommodation to employees and prospective employees to the point of undue hardship upon request and as required in respect of the individual’s particular restrictions and limitations. If you require a specific accommodation because of a disability or medical need, please contact [email protected].

Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.

The applicable base salary range for this role is $97,000 to $145,000.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, retirement programs as well as employee assistance programs.

This is a New position.