You will work in the Compensation Intelligence & Advisory (CIA) team within the Global Compensation Function (GCF). This recently formed and rapidly growing group at McKinsey & Company shapes global compensation approaches for the firm and provides expertise on compensation design and delivery.
What You’ll Do
You will work in the New York office as a pivotal member of GCF. In your role, you will have the opportunity to engage on a range of initiatives. You will lead market benchmarking projects to assess our pay positioning for a set of roles or geographies and to ensure we have a pulse of market compensation across our talent profiles and build relationships with leading global compensation consulting firms in support of high-impact projects. You will be responsible for collaborating with talent management and HR colleagues to assess local compensation structures and determine whether ranges should be modified. You will take the lead in monitoring external market compensation trends so that our compensation practices are relevant and attract and retain top talent, developing incentive designs grounded with best practice approaches, assisting in the annual year-end compensation decision-making process and conducting planned and ad hoc analyses in support of high-level compensation initiatives for the firm’s Compensation Policy Committee. You will be able to influence across McKinsey’s global, decentralized professional environment, gaining credibility quickly and building relationships across the firm .
5-7 years human resources and compensation experience required
External consulting experience desired
Background in compensation and has supported external clients or internal compensation teams
Has experience working on projects covering some of the following is desired: pay philosophy review, benchmarking analyses, range development, job architecture, incentive design, performance management linkage to compensation, comp due diligence in M&A, Comp Committee materials prep, market pricing, and proxy analyses.
Strong analytical capability and Microsoft Excel dexterity are a must
Strong communication skills, confidence, maturity, and the ability to interact as a peer to firm partners
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