- Mercer (consulting firm)
Type Subsidiary of Marsh & McLennan; LLC Industry Human resource consulting
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, and is the world's largest human resource consulting firm.
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. Recently in 2007, the company became simply "Mercer." 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.
It has been ranked by Vault.com, Inc. as the #1 human resource consultancy for several years running, including most recently in 2011. Among all consulting firms, Mercer is currently ranked #6 for prestige.
- ^ 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
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