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Mercer · 2 days ago

Principal Rewards Consultant

Chicago, IL

Full-time

Hybrid

Lead/Staff

8+ years exp

Mercer is a global leader in helping clients realize their investment objectives and enhance health and retirement outcomes. As a Principal Rewards Consultant, you will lead large-scale projects, develop compensation strategies, and support business development while coaching team members and managing client relationships.

BankingConsultingEmployee BenefitsFinancial ServicesHuman ResourcesWealth Management

H1B Sponsor Likely

Responsibilities

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

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

Qualification

Compensation strategyClient relationship managementProject managementCompensation consultingAnalytical skillsMicrosoft ExcelMicrosoft PowerPointCoachingLeadership skillsCommunication skillsProblem-solving

Required

Bachelor's 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

Preferred

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

Benefits

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

Company

Mercer

Glassdoor3.9

Mercer is a human resource consulting service that includes compensation, employee benefits, communications, and investment consulting. It is a sub-organization of Marsh & McLennan.

Founded in 1945

New York, New York, USA

10001+ employees

http://www.mercer.com

H1B Sponsorship

Mercer has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (16)

2024 (22)

2023 (19)

2022 (33)

2021 (29)

2020 (20)