- Mercer (consulting firm)
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Mercer, LLC
Type Subsidiary of Marsh & McLennan; LLC Industry Human resource consulting
Financial servicesFounded 1975 Headquarters New York City
150 offices in 42 countriesProducts Human resource consulting services, including retirement, health & benefits, human capital, surveys & products, communication, investments, outsourcing, and mergers & acquisitions Revenue US$ 2.7 billion in 2006 Employees More than 19,000 worldwide (2011) Website www.mercer.com Mercer is a human resource and related financial services consulting firm, headquartered in New York City. The firm operates internationally in more than 40 countries, with more than 19,000 employees,[1] and is the world's largest human resource consulting firm.[2]
Contents
History
Started in the United States in 1937 as the employee benefits department of Marsh & McLennan, Inc., the company took the name of “William M. Mercer” in 1959, when Marsh & McLennan acquired William M. Mercer Limited, a Canadian firm founded by William Manson Mercer in 1945. In 1975, Mercer became a wholly owned subsidiary of Marsh & McLennan Companies, Inc. In 2002, its name was changed to Mercer Human Resource Consulting. In 2004, the company acquired Synhrgy HR Technologies.[3][4] Recently in 2007, the company became simply "Mercer."[5] Also in 2004, Mercer admitted giving the NYSE board a compensation report that contained "omissions and inaccuracies" that led to a $139.5 million pay package for former NYSE Chairman Richard Grasso. Mercer had been brought in to advise the stock exchange on Grasso's 2003 contract and his request for $139.5 million. The consultancy returned $440,000 in fees it collected from the NYSE and provided key documents in the lawsuit.[6]
Awards
It has been ranked by Vault.com, Inc. as the #1 human resource consultancy for several years running, including most recently in 2011.[7] Among all consulting firms, Mercer is currently ranked #6 for prestige.[8]
Competitors
Mercer's major competitors include Towers Watson, Buck Consultants, Aon Hewitt, and Hay Group.
References
- ^ Official site—About
- ^ Mercer: Consulting. Outsourcing. Investments
- ^ Synhrgy.com
- ^ HRO Today News: January 6, 2004 - Mercer Human Resource Consulting and Synhrgy HR Technologies agree to join forces
- ^ Mercer looks to drive growth with new brand
- ^ HR Figures Prominently in Stock Exchange Scandal
- ^ Mercer Jobs & Careers: Vault Employer Profile
- ^ Consulting Firm Rankings: Vault Top 50 Management & Strategy Consulting Firms
External links
Categories:- Companies based in New York City
- Business organizations
- Service companies of the United States
- Management consulting firms of the United States
- Actuarial firms
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