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Mercer (consulting firm)

 

 
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Mercer (consulting firm)
 
 
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Mercer is a human resource consulting
Human resource consulting

Human resource consulting is a $18.4 billion industry that has emerged from management consulting, asclients' needs have become more complex and specialized, widening the gap between HR needs and work force capabilities, and thus accentuating the ability of HR management consulting firms to fill this gap....
 firm, headquartered in New York City, New York, that is recognized as one of the leading business institutions in the world. It has been ranked by Vault.com, Inc. as the #1 human resource consultancy for several years running, including most recently in 2008. Among all consulting firms, Mercer is currently ranked #6 for prestige.

ted in the United States in 1937 as the employee benefits department of Marsh & McLennan, Inc., the company took the name of “William M.






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Mercer is a human resource consulting
Human resource consulting

Human resource consulting is a $18.4 billion industry that has emerged from management consulting, asclients' needs have become more complex and specialized, widening the gap between HR needs and work force capabilities, and thus accentuating the ability of HR management consulting firms to fill this gap....
 firm, headquartered in New York City, New York, that is recognized as one of the leading business institutions in the world. It has been ranked by Vault.com, Inc. as the #1 human resource consultancy for several years running, including most recently in 2008. Among all consulting firms, Mercer is currently ranked #6 for prestige.

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 . Recently in 2007, the company became simply "Mercer." Currently, Mercer is the world's largest human resource consulting firm.

Publications

Worldwide Cost of Living Survey

Competitors

Mercer's major competitors include Watson Wyatt Worldwide
Watson Wyatt Worldwide

Watson Wyatt Worldwide, Inc. is a global Management consulting firm. The firm's services include: managing the cost and effectiveness of employee benefit programs; developing Recruitment, retention and Remuneration strategies; advising Retirement plan sponsors and other institutions on optimal Investment strategy; providing strategic and fin...
, Buck Consultants
Buck Consultants

Buck Consultants is a global employee benefits and human resource consulting firm that helps organizations develop, deploy, and manage their human capital....
, Hewitt Associates
Hewitt Associates

Hewitt Associates , based in Lincolnshire, Illinois, Illinois is a global human resources outsourcing and consulting firm delivering a complete range of integrated services to help companies manage their total HR and employee costs, enhance HR services, and improve their workforces....
, Towers Perrin
Towers Perrin

Towers Perrin is a human resources consultant, as well as a provider of reinsurance....
, and Hay Group
Hay Group

Hay Group or The Hay Group is a global human resources management consulting firm headquartered in Philadelphia, with offices worldwide. It was founded in 1943 by Edward N....
.

Stock Exchange Scandal

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, however, assuaged the matter, giving back $440,000 in fees it collected from the NYSE and providing key documents in the lawsuit.