Principal Reward Consultant
Principal Reward Consultant

Principal Reward Consultant

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 workplace.

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 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, we offer a range of benefits and career opportunities, empowering our team to thrive while making a meaningful impact for clients and communities. Join us to collaborate with talented colleagues and drive innovative reward strategies in a dynamic hybrid work environment.
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Contact Detail:

Mercer Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Principal Reward Consultant

✨Tip Number 1

Network like a pro! Reach out to your connections on LinkedIn or attend industry events. You never know who might have the inside scoop on job openings or can put in a good word for you.

✨Tip Number 2

Prepare for interviews by researching the company and its culture. Understand their reward strategies and think about how your experience aligns with their needs. This will help you stand out as a candidate who truly gets them.

✨Tip Number 3

Practice your pitch! Be ready to explain how your skills can drive growth and innovation in their reward consulting team. A confident delivery can make all the difference in landing that role.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at Mercer.

We think you need these skills to ace Principal Reward Consultant

Reward Strategy Development
Client Management
Business Development
Strategic Commercial Acumen
Sales Methods and Practices
Cross-Cultural Collaboration
Total Rewards Program Design
Performance Monitoring
Vendor Relationship Management
Data Analysis and Reporting
Consulting Skills
Leadership Engagement
Process Optimisation
Innovation in Reward Programs

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!

Be Authentic: Let your personality shine through in your application. We want to see who you are beyond your qualifications. Share your passion for reward consulting and how you can contribute to our vibrant culture.

Apply Through Our Website: For the best chance of success, make sure to apply directly through our website. This way, your application will be seen by the right people, and you’ll be one step closer to joining our team!

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 ready 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 your ability to develop trusted advisor relationships with senior executives, as this is crucial for the role. Use specific metrics or outcomes to showcase your impact.

✨Showcase Your Strategic Acumen

Mercer values strong strategic commercial acumen. Be prepared to discuss how you've tackled complex business issues in the past. Think about how you can apply your insights to drive innovation and value creation within the company.

✨Emphasise Collaboration and Diversity

Since the role involves working in multi-cultural environments, share your experiences collaborating with diverse teams. Discuss how you’ve fostered inclusive workspaces and how you plan to contribute to Mercer’s vibrant culture.

Principal Reward Consultant
Mercer

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