Mercer (consulting firm)


Mercer (consulting firm)
Mercer, LLC
Type Subsidiary of Marsh & McLennan; LLC
Industry Human resource consulting
Financial services
Founded 1975
Headquarters New York City
150 offices in 42 countries
Products 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

External links


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