Mercer, LLC

Type	Subsidiary of Marsh & McLennan; LLC
Founded	1975
Headquarters	New York City, New York 150 offices in 42 countries
Key people	M. Michele Burns, Chairman & CEO
Industry	Human resource consulting Financial services
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	18,000 worldwide (2009)
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 about 18,000 employees,^[1] and is the world's largest human resource consulting firm.^[2]

Contents 1 History 2 Awards 3 Competitors 4 Stock Exchange Scandal 5 References 6 External links

[edit] 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] Recently in 2007, the company became simply "Mercer."^[4] Currently, Mercer is the world's largest human resource consulting firm.^[2]

[edit] Awards

It has been ranked by Vault.com, Inc. as the #1 human resource consultancy for several years running, including most recently in 2008.^[5] Among all consulting firms, Mercer is currently ranked #6 for prestige.^[6]

[edit] Competitors

Mercer's major competitors include Watson Wyatt Worldwide, Buck Consultants, Hewitt Associates, Towers Perrin, and Hay Group.

[edit] 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.^[7]

[edit] References

[edit] External links

• Official website
• Mercer Worldwide Cost of Living Survey