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Mercer

Talent & Rewards Consulting Analyst

Toronto, ON, M5J 0A8, Canada

The applicable base salary range for this role is $63,000 to $95,000.

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Job details

Pay: The applicable base salary range for this role is $63,000 to $95,000.
Experience: 1 – 3 years of experience working in a consulting firm or corporate role
Posting language: English
Posted: Oct 26, 2026

Original job description

We are seeking a talented individual to join our Workforce and Rewards team at Marsh People and Investments. This role will be based in Toronto, Ontario. This is a hybrid role that has a requirement of working at least three days a week in the office.

Marsh People and Investments’ Workforce and Rewards business segment helps our clients around the world engage their talent to drive business performance. Workforce and Rewards consultants partner with HR leaders, board members, and top-level executives to optimize business performance through strategies that enable organizations to better reward and engage their people. We stay ahead of the competition by providing best-in-class information, unsurpassed global reach, dedicated support services, and innovative solutions. We bring clients a range of integrated solutions across five practice areas: Workforce Rewards, Executive Rewards, Workforce Planning & Analytics, Communications & Change Management and HR Transformation.

As a Compensation Analyst in the Workforce and Rewards practice, you will work with a broad range of clients and industries in a stimulating environment, participating as an integral member of project teams to diagnose issues and design strategic human resource solutions that support clients’ success. You will be responsible for providing crucial quantitative and qualitative analytical support to senior consultants and draw meaningful conclusions from client and market data.

We will count on you to:

Conduct market research and analysis to understand industry and organization-specific issues, including compensation and rewards trends, business strategy, corporate performance, and hiring and retention challenges
Combine an understanding of clients’ internal needs with external market practices to help facilitate a client’s go-forward rewards strategy and programs
Analyze clients' strategic, financial, and organizational information to provide insights that will develop into talent strategies and solutions
Design and implement executive, workforce, and sales compensation structures and incentive plans to align pay and performance with corporate strategic objectives
Develop and implement job evaluation systems and performance management programs
Perform pay equity diagnostics that drive clients’ pay equity compliance strategy for provincially and/or federally-regulated clients
Prepare client reports and presentations, including recommendations presented to senior management, HR leaders, boards of directors, and executives

Example projects include:

Designing and implementing a gender-neutral, pay equity-compliant job evaluation system to determine a company’s internal hierarchy
Executive and non-executive compensation benchmarking
Conducting trends research regarding short and long-term incentive programs
Developing a base salary and bonus program for non-executive employees
Creating a compensation program for sales positions, including commissions
Creating a career architecture including elements such as role profiles and career path tools

What You Need to Have

Bachelor’s degree
1 – 3 years of experience working in a consulting firm or corporate role
Strong quantitative and analytical skills
Excellent interpersonal, verbal, and written communication skills
Knowledge of data analysis, project management, and presentation design 
Intellectual curiosity; seeking opportunities to develop new skills and apply critical thinking to solve problems 
Ability to collaborate with diverse teams and communicate with others in a skillful and engaging manner 
Flexibility to work under tight deadlines and adapt to changing client needs  
Superior organizational skills and strong attention to detail  
Working knowledge of Microsoft Office - specifically Excel and PowerPoint

What Makes You Stand Out?

Advanced proficiency in Excel and/or data analysis platforms
Demonstrated experience in Compensation and Total Rewards

Why join our team:

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.

Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.

Marsh 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, disability, ethnic origin, family duties, gender orientation or expression, 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. In accordance with the Accessibility for Ontarians with Disabilities Act, 2005, Marsh will provide a reasonable accommodation to employees and prospective employees to the point of undue hardship upon request and as required in respect of the individual’s particular restrictions and limitations. If you require a specific accommodation because of a disability or medical need, please contact reasonableaccommodations@marsh.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.

The applicable base salary range for this role is $63,000 to $95,000.

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, retirement programs as well as employee assistance programs.

This is a New position.

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More about this job

Responsibilities

The analyst will conduct market research and quantitative analysis to design strategic compensation and rewards solutions for clients. They will also support senior consultants by developing job evaluation systems, performance management programs, and pay equity diagnostics.

Requirements

Candidates must hold a bachelor's degree and possess 1 to 3 years of experience in a consulting or corporate environment. Strong analytical skills, proficiency in Microsoft Office, and excellent communication abilities are required for this role.

Skills

Compensation analysis
Data analysis
Market research
Project management
Presentation design
Excel
PowerPoint
Critical thinking
Communication skills
Job evaluation
Performance management
Pay equity diagnostics
Incentive plan design
Strategic planning
Analytical skills

Benefits

Health and welfare benefits
Tuition assistance
Retirement programs
Employee assistance programs
Performance-based incentives

Visa sponsorship

Not detected in the job text

Keywords

Compensation
Total Rewards
Consulting
Market Research
Data Analysis
Excel
PowerPoint
Pay Equity
Job Evaluation
Performance Management
Incentive Plans
Human Resources
Strategic Planning
Benchmarking
Career Architecture
Project Management
Quantitative Analysis
Qualitative Analysis
Client Relations
Business Strategy

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