Compensation Director

Compensation Director

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.

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 our NYC 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 :

What makes you stand out :

Why join our team :

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.