Principal Reward Consultant in London
Principal Reward Consultant

Principal Reward Consultant in London

London Full-Time 43200 - 72000 ÂŁ / year (est.) No home office possible
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At a Glance

  • Tasks: Drive growth and develop innovative reward strategies for top-tier clients.
  • Company: Join Mercer, a leading global consulting firm with a vibrant culture.
  • Benefits: Enjoy professional development, flexible work, and a supportive team environment.
  • Why this job: Make a real impact in the UK reward market while collaborating with talented colleagues.
  • Qualifications: Proven experience in consulting and strong client management skills required.
  • Other info: Embrace diversity and enjoy excellent career opportunities in a dynamic setting.

The predicted salary is between 43200 - 72000 ÂŁ per year.

We are seeking a talented individual to join our Reward Consulting team at Mercer. This role will be based in London and is a hybrid role that requires working at least three days a week in the office.

Mercer is the pre-eminent global consulting firm that business leaders and human resource professionals around the world turn to when strategic change is on their agenda. Through integrated talent solutions, we help our clients build the leadership, talent and organisational capabilities they need to compete and grow for the future.

The purpose of this market and client-facing role focused on Reward is to drive growth, support leadership and play a key part in developing Mercer’s presence in the UK reward market. It operates mainly in the UK market and Mercer’s target market (FTSE350 and equivalents) with particular emphasis on global and strategic clients.

Responsibilities:
  • Contribute to Mercer’s reputation and market position as a market leader in the design and execution of best in class reward strategy.
  • Advise across the Reward and Talent practice and deliver across people strategy, talent management, broad based rewards, job architecture, employee experience, skills and future of work.
  • Meet challenging business development goals leading to sustainable growth revenues.
  • Lead the design, development and analysis of total reward strategies and supporting programs to ensure alignment with business strategy that reinforce the company's pay-for-performance culture.
  • Drive innovation and value creation across the business via the development of global reward and incentive programs.
  • Manage performance of the global total rewards team delivering services consistent with business strategy with a particular focus on process optimization, consistent use of technology and systems, and overall operational excellence.
  • Monitor performance by collaborating closely with internal partners to align the operational excellence of the total rewards function to ensure a seamless, effective service experience for employees and managers.
  • Partner with senior leadership and the Compensation Committee of the Board of Directors on the executive and broad-based rewards strategy of the firm.
  • Determine feasibility of plans and provide guidance to reduce risk and maximize opportunities associated with mergers & acquisitions, divestitures, and restructuring activities.
  • Research and apply leading market total rewards practices to optimize the company's total rewards programs.
  • Manage vendor relationship strategy to ensure effective and seamless implementation within established budget.
  • Define consistent and relevant total rewards success criteria, metrics and reporting dashboards to ensure program effectiveness.
  • Support clients and lead consulting assignments.
  • Engage, facilitate, and guide senior executives and develop trusted advisor relationships with key clients.
  • Work collaboratively with colleagues across Mercer’s businesses and functions.
Qualifications:
  • Track record as a consultant advising clients on the formulation and implementation of reward strategies aligned to the clients' business agenda.
  • Strong strategic commercial acumen with the capacity to quickly understand business issues.
  • Experience with sales methods, tools and practices and proven sales experience.
  • Exceptional client management skills with demonstrated experience developing strong relationships.
  • Experience working collaboratively in multi-cultural environments.

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.

Mercer 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, civil partnership status, 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. We are an equal opportunities employer.

We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at reasonableaccommodations@mmc.com.

Marsh 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 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.

Principal Reward Consultant in London employer: Mercer

Mercer is an exceptional employer that prioritises professional development and fosters a vibrant, inclusive culture in the heart of London. With a commitment to employee well-being and a focus on innovative solutions, Mercer offers rewarding career opportunities and the chance to work alongside talented colleagues in a dynamic environment. The hybrid work model enhances flexibility while ensuring collaboration and growth within the leading global consulting firm.
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Contact Detail:

Mercer Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Principal Reward Consultant in London

✨Network Like a Pro

Get out there and connect with people in the industry! Attend networking events, join relevant LinkedIn groups, and don’t be shy about reaching out to current employees at Mercer. Building relationships can open doors that a CV just can't.

✨Ace the Informational Interview

If you can, set up informational interviews with professionals in the reward consulting space. This is your chance to learn more about the role and show your genuine interest. Plus, it’s a great way to get insider tips on what Mercer looks for in candidates!

✨Showcase Your Expertise

When you get the chance to chat with recruiters or during interviews, make sure to highlight your experience with reward strategies and client management. Use specific examples to demonstrate how you've driven growth and innovation in past roles.

✨Apply Through Our Website

Don’t forget to apply directly through the Mercer website! It’s the best way to ensure your application gets seen by the right people. Plus, you’ll find all the latest openings and updates there, so keep checking back!

We think you need these skills to ace Principal Reward Consultant in London

Reward Strategy Development
Client Management
Business Development
Strategic Commercial Acumen
Sales Methods and Practices
Collaboration in Multi-Cultural Environments
Total Rewards Program Design
Performance Monitoring
Vendor Relationship Management
Data Analysis and Reporting
Advisory Skills
Innovation in Reward Programs
Operational Excellence
Stakeholder Engagement

Some tips for your application 🫡

Tailor Your Application: Make sure to customise your CV and cover letter for the Principal Reward Consultant role. Highlight your experience in reward strategies and client management, showing how you align with Mercer's goals.

Showcase Your Achievements: Don’t just list your responsibilities; share specific achievements that demonstrate your strategic commercial acumen and ability to drive growth. Numbers and results speak volumes!

Research Mercer: Get to know Mercer’s culture, values, and recent projects. This will help you articulate why you want to join us and how you can contribute to our mission in the UK reward market.

Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way to ensure your application gets the attention it deserves and reaches the right people at Mercer.

How to prepare for a job interview at Mercer

✨Know Your Reward Strategies

Before the interview, brush up on the latest trends and best practices in reward strategies. Be prepared to discuss how you can contribute to Mercer’s reputation as a market leader in this area. Show that you understand the nuances of total rewards and how they align with business strategies.

✨Demonstrate Client Management Skills

Prepare examples from your past experiences where you've successfully managed client relationships. Highlight how you’ve developed trusted advisor relationships and navigated complex situations. This will showcase your exceptional client management skills, which are crucial for this role.

✨Showcase Your Strategic Acumen

Be ready to discuss your strategic commercial acumen and how it has helped you understand and solve business issues in previous roles. Think of specific instances where your insights led to successful outcomes, especially in multi-cultural environments.

✨Engage with the Company Culture

Familiarise yourself with Mercer’s vibrant and inclusive culture. During the interview, express your enthusiasm for working collaboratively with diverse teams and how you can contribute to creating innovative solutions. This will demonstrate that you’re not just a fit for the role, but also for the company.

Principal Reward Consultant in London
Mercer
Location: London

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