Marsh People and Investment - Compensation Consulting Analyst - Toronto - 2027 New Grads

Company:

Marsh

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 starting in January 2027. 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

• Strong analytical and critical thinking skills, both quantitative and qualitative

• Strong working knowledge of Excel including advanced formulas (VLOOKUP, INDEX (MATCH), COUNTIF, AVERAGEIF, etc.) and developing analysis files and dashboards

• Demonstrated experience in data analysis and presentation design

• Excellent interpersonal, verbal, and written communication skills

• Intellectual curiosity and a drive to understand “the why”, seeking opportunities to develop deeper understanding and new skills

• Flexibility, adaptability, and the ability to work under tight deadlines and changing client needs

• Superior organizational skills and strong attention to detail

What Makes You Stand Out?

• Completing a Bachelor's degree majoring in commerce, business, economics, finance, statistics, accounting, mathematics, actuarial sciences, psychology or HR preferred by December 2026.

• Consulting, business, finance/banking, accounting, HR, and/or economics internship experience preferred

• Demonstrated academic excellence with a minimum GPA of 3.0

• Involvement in extra-curricular activities, clubs and/or sports teams preferred

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.

What's Next?

In order to be considered, submit your complete application by providing a cover letter, your resume and your most recent transcript in PDF format, via our career section. Please note that applications that are missing any of these documents may not be considered.

We will review completed application submissions and you will be contacted if you are selected for an interview. The interview process will include an Excel test to assess your proficiency level.

The applicable salary for this role is $72,000.

This is a new position. 

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 [email protected].

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.