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Sr. Compensation Consultant

Marsh McLennan

Job Location:

Chicago, IL - USA

Monthly Salary: $ 133200 - 266400

Posted: 7 August 2026 (5 hours ago)

Application Deadline: 4 November 2026

Vacancies: 1 Vacancy

Job Summary

Company:

Mercer

Description:

We are seeking a talented individual 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 its 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 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
Provide consulting services to senior management on compensation issues including pay strategy (structure and competitiveness) job architecture design and digital activation of these designs
Thrive and be motivated by an environment that embraces AI and technology-enabled tools
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:

Bachelors 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

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 95000 colleagues Marsh helps build the confidence to thrive through the power of perspective. For more information about Mercer visit 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 veteran status (including protected veterans) or any other characteristic protected by applicable law. If you have a need that requires accommodation please let us know by contacting

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 $133200 to $266400.

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 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 401K savings and other retirement programs as well as employee assistance programs.

Required Experience:

Senior IC

Apply Now