Senior Compensation Specialist

Company:

MMC Corporate

Description:

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What you can expect:

As a LAC Reward Manager, youll support multiple client groups in partnership with the Senior People Partners and business leadership.

Youll be a well-rounded, experienced rewards professional who thrives in working in a highly matrixed environment. Youll have the ability to partner with HR and business leaders to develop innovative and scalable solutions aligned with business needs to enhance and grow the business. Youll provide insights and assess the effectiveness and quality of plans, programs, and processes. Youll analyze data and formulate recommendations, as well as implement and maintain programs.

In this role, youll report to the Marsh & Mercer LAC Rewards Leader and be part of a global Rewards Center of Excellence. Youll participate in projects across Marsh McLennan, increasing your visibility and impact.

Whats in it for you?

• A company with a strong Brand and strong results to match.
• Working in a faced paced environment where change and innovation are a constant.
• A culture of internal mobility, collaboration, and extraordinary career opportunities through our four businesses: Marsh, Mercer, Guy Carpenter, and Oliver Wyman, each consistently ranked the industry leader in their fields.
• Competitive salary and benefits.
• Employee Resources which provide access to leaders, relevant volunteer and mentoring opportunities, and interactions with counterparts in industry groups and client organizations.

We will count on you to:

• Serve as a subject matter expert by providing senior level compensation consulting support to HR and lines of business.
• Partner with and advise HR and business leaders on LAC compensation, including some insight into sales incentives.
• Navigate our HR system on a Workday platform and benchmarking tools such as BetterComp and generate relevant reports to support compensation analysis.
• Prepare advanced compensation analysis including interpretation of complex reports, ensuring accuracy of results and recommendations.
• Manage various compensation-based initiatives and projects that have a significant impact on the organization, including variable compensation plan design, salary structure reviews, market analysis, and year-end compensation planning.
• Establish project objectives and develop project plans, timelines and resources, engaging stakeholders across functions and at all levels.
• Partner with Finance teams to assist with forecasting and year-end budget modeling.
• Provide insights and market intelligence on competitive landscape, trends, and practices.

What we would like you to have:

• Subject matter expertise and minimum of 5 years professional work experience in Compensation, demonstrated client management skills, a broad knowledge of compensation issues including market trends, regulatory changes, and best practices as well as some benefits experience.
• Since it is a regional position, experience in at least one market other than the candidate's home country or the one they are currently working in is required.
• Experience in leading rewards projects, with the ability to build consensus and manage expectations across a wide range of stakeholders, coordinate multiple work streams or tasks, and prioritize work.
• Advanced Excel and PowerPoint skills.
• English proficiency

What makes you stand out:

• Experience operating in a matrixed organization.
• Ability to build relationships and manage key and senior level stakeholders.
• Excellent communication skills (verbal, written and presentations).
• Ability to thrive in a fast-paced, changing environment.
• Ability to think strategically.
• Excellent problem solving, judgement and decision-making skills in highly complex situations.

Marsh McLennan (NYSE: MMC) is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit marshmclennan.com, or follow on LinkedIn and X.

Marsh McLennan is committed to creating 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.

Marsh McLennan 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 McLennan 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.