If you are an expert in compensation and benefits, you may be able to find a job that pays well and offers advancement opportunities. However, if you’re working as an independent consultant or freelancer, the market may not have many opportunities for you. But don’t let that scare you away from consulting firms. Instead, think of it as a challenge to find the right one for your skills. The right compensation consulting firm will give you the opportunity to showcase your skills in a way that allows you to grow personally and professionally while also earning a decent living. Read on to learn more about some of the top compensation consulting firms in the states today.
Aon
If you’re looking for a typical consulting firm, Aon is probably not your top choice. Aon is a marketing company, and their compensation consulting division is somewhat different from the others on this list. However, Aon’s compensation consulting division is one of the top-paying firms for professionals working in the field. They are also very open to hiring people who are working as independent consultants, which makes them a great choice for professionals who may not be interested in working for a typical consulting firm. Aon offers associates a base salary of $55,000, plus a guaranteed bonus of $18,000. Their top earners make around $300,000 per year. Aon also offers benefits like health, dental, and life insurance, as well as a generous 401(k) matching program.
Comparing Organizations
Compensation consulting firms vary in the services they offer. It is important to research the services offered by a particular firm and see if those services would be a good fit for you. If a firm offers too many services, you may not have enough work to make a good living. If a firm offers too few services, it may not be cost-effective for the company to hire you. Some of the most common compensation consulting services include: – Employee survey design and implementation – This is a crucial part of any compensation strategy, as it helps firms better understand their employees and how they feel about their jobs and their companies. – Executive compensation design and analysis – This is important to help companies comply with regulations around executive compensation while also attracting top talent. – Employee reward design – Companies use compensation to reward employees for their work, so this is a crucial part of any company’s strategy for retaining top talent.
KPMG
KPMG is one of the largest firms in the world. They have a long history of hiring independent consultants, which makes them a good choice for people in that position. However, their pay rates are lower than many other firms’. KPMG associates make a base salary of $52,000, plus $12,000 in bonus. Their top earners make around $230,000 per year. KPMG also offers above-average benefits, including health, dental, and life insurance, as well as a 401(k) plan with an employer match.
Mercer
Mercer is another large firm that hires independent consultants frequently. Like many firms, they offer their consultants a wide range of services. Associates at Mercer make a base salary of $60,000, plus $12,000 in bonus. Their top earners make around $340,000 per year. Mercer also offers above-average benefits, including health, dental, and life insurance, as well as a 401(k) plan with an employer match.
SHRM
The Society for Human Resource Management represents HR professionals in the United States. They also provide various HR-related services, including compensation consulting. SHRM’s compensation consulting division offers top-notch services at rates that are significantly lower than other firms. Associates at SHRM make a base salary of $46,000, plus $7,000 in bonus. Their top earners make around $179,000 per year. SHRM also offers above-average benefits, including health, dental, and life insurance, as well as a 401(k) plan with an employer match.
Rothstein Associates
Rothstein Associates is one of the largest independent consulting firms, with offices across the United States and in Australia. They specialize in all aspects of compensation and benefits consulting and have been in business since the 1970s. Rothstein Associates hires independent consultants, and their pay rates are among the highest in the country. Rothstein Associates associates make a base salary of $60,000, plus $10,000 in bonus. Their top earners make around $350,000 per year. Rothstein Associates also offers above-average benefits, including health, dental, and life insurance, as well as a 401(k) plan with an employer match.
Conclusion
Compensation consulting firms are in high demand and can be a great career path for people with a background in compensation and benefits.
The top firms employ thousands of people, and they also hire independent consultants. The competition to get a job at a top firm is fierce, but if you have the right skills and are willing to work hard, you can find a job that allows you to do meaningful work while also making a good living.
