Senior Consultant – Compensation Consulting

1 week ago

Bengaluru, India Marsh McLennan Full time

Mercer is seeking candidates for the following position based in the Mumbai/Bangalore/ Gurgaon office.


Senior Consultant – Compensation Consulting (Level D)


What can you expect:

The role is responsible for independently delivering solutions in the area of Compensation & Benefit in the Career Products segment. This involves researching and understanding client context; analysing client data and preparation of reports basis market collation and client data. The role also has a component of business development.


What is in it for you?

  • You will drive Mercer’s footprint in the attached industry, create content and share POV with clients, thereby establishing yourself as a go-to-person for the said industry, its construct, roles and rewards focus areas.
  • Actively engage in business development by independently engaging with key people in prospective clients and identifying opportunities for building a long- term, sustainable relationship;


We will count on you to:

Solution Design

  • Interact with client to understand client requirements, their current organization structure and growth aspirations to contextualize the requirement.
  • Research materials and apply analytical thinking to gain deeper understanding of the client requirement
  • Prepare an outline of the recommended solution; Validate the recommended solution with the Project manager
  • Share final proposal with client for select projects and ensure conversion through engagement and follow through.


Project Management and Delivery

  • Own one segment, area of work within the industry cluster and be responsible for its growth
  • Independently deliver solutions across the suite of Career Products segments such as Compensation benchmarking, Benefits benchmarking, pay structures, titling etc. Work as a member of a team in large projects
  • Create a project plan based on the scope of work agreed with the client; Seek sign-off from the Project Manager and client project team on the plan; Schedule meetings with client points of contact as required per the project plan; Monitor and report progress against deliverables to the client and project team on an ongoing basis; Escalate any delays in the delivery of key milestones to the Project Manager
  • Make presentations to the client on the recommended solution; Modify the solution as per recommendations shared by client within Mercer’s framework • Liaise with Finance and raise invoices on a timely basis based on agreed deliveries; Track payments for the project on an ongoing basis


Business Development

  • Identify key clients in the industry segment assigned / owned
  • Meet prospective clients and present solutions
  • Create proposals for prospective clients; Interact with clients for preliminary information; Modify proposals as required


Client Relationship Management

  • Interact with clients (with minimal support) for seeking information, discussing deliverables and setting up meetings as part of the project deliverables
  • Build a strong working relationships with clients and establish self as a key point of contact
  • Ensure engagement beyond the project delivery to grow Mercer wallet share and be a preferred provider


What you need to have:

  • MBA/Post Graduation in Human Resources or equivalent from premier B school (2017, 2018 OR 2019 passout)
  • 3-5 years of experience post qualification
  • Relevant experience in compensation domain (prior consulting experience is preferable) What makes you stand out:Human Resources, experience expertise in Compensation & Benefit is preferred
  • Good understanding of various areas in HR, comfort with numbers and understanding of compensation terminology
  • High proficiency with excel and data analytics
  • Dynamic, motivated, flexible and result-oriented personality with the ability to perform under pressure
  • Excellent interpersonal and communication skill
  • Dynamic, motivated, flexible and result-oriented personality with the ability to perform under pressure

Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer’s more than 20,000 employees are based in 43 countries and the firm operates in over 130 countries. Mercer is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, with more than 85,000 colleagues and annual revenue of over $23 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit mercer.com. Follow Mercer 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, caste, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, 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

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