Compensation Director

Company:

MMC Corporate

Description:

We’re Marsh McLennan – with roots dating back to 1871, Marsh McLennan is the world's leading professional services firm in the areas of risk, strategy and people. We promise extraordinary opportunities, world-class colleagues and the chance to make an impact. Marsh McLennan’s more than 85,000 employees advise clients in over 130 countries.

People Strategy – Compensation Center of Expertise (COE)

The Compensation COE forms part of the People Strategy team. The People Strategy Team identifies, develops and delivers solutions, and is comprised of six centers of expertise — HR Strategy, Workforce Planning, Talent & Inclusion, Executive Compensation, Broad-Based Compensation and Benefits & Mobility. The People Strategy team delivers informed perspectives and creative solutions; anticipates and helps the organization respond to market, business and colleague needs; and brings a balance of deep technical expertise and consultative approach to identifying opportunities and developing scalable solutions that enable impact.

The Compensation Director partners closely with the business (US&C, MMA and Matrix Functions) and HR leaders to deliver compensation advisory and solutions that meet business needs with a focus on sales compensation. The role will lead the design, development and implementation of business reward strategies that align with and support Marsh McLennan’s overall business objectives. It may lead others on projects and advisory support.

This role reports to the Marsh Global and Marsh McLennan US&C Compensation Leader.

There is a requirement to work from a local office at least three days per week.

We will count on you to:

• Act as a client advisor and consultant by providing best in class rewards advisory and counsel to Senior Leadership
• Lead the design, development and implementation of business reward strategies that align with and support Marsh’s overall business objectives with a focus on sales compensation.
• Consult with People Partners, People Strategy, Finance, Talent and other CoEs to understand and diagnose strategic compensation priorities, define reward requirements and ensure appropriate partnership, engagement and alignment on delivering solutions.
• Areas of focus include sales compensation design / effectiveness, reward program design, annual pay review and associated budgets/pools, Executive Committee updates and materials, compensation program effectiveness, business initiatives (e.g. M&A, group consolidations).
• May drive enterprise-wide compensation initiatives and projects by sponsoring, leading, or contributing through cross-functional collaboration, change management, and continuous improvement to enhance the effectiveness and efficiency of Marsh McLennan’s reward programs and processes.
• Monitor external market trends and liaise with the broader People Strategy function to identify reward gaps, developing regulatory requirements & other relevant insights.
• Apply a consultative skillset to reward-related themes, turning complex topics into an integrated narrative that aligns with Marsh McLennan’s purpose and commitments.
• May lead and develop more junior members of the team on sales compensation best practices, compensation projects and advisory efforts.

What you need to have:  

• A Bachelor's Degree
• A minimum of 10 years of compensation-related experience

What makes you stand out:

• A consultative mindset and client-centric approach to problem solving
• Intellectually curious, seeking opportunities to develop new skills for themselves and others
• Significant experience within total rewards, compensation, or related HR roles with a focus on sales compensation.
• Excellent analytical and problem-solving skills, with the ability to interpret and analyze complex data sets
• Advanced proficiency with Excel, including the ability to work with complex formulas, pivot tables, and data visualization.
• Discipline to work both individually as well as collaboratively across a team
• Excellent communication and interpersonal skills to collaborate effectively with diverse and global stakeholders globally
• Ability to work in a fast-paced and dynamic environment, with a high level of adaptability to different cultural contexts

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.

The applicable base salary range for this role is $146,500 to $305,300.

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

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 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 [email protected] 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.