- Builds upon Mercer’s strength in talent and rewards consulting by adding to its suite of industry surveys and HR metrics
- Broadens Mercer’s leadership position in the technology industry in Asia and establishes a strong presence in the high tech sector in North America and Europe
Mercer, a global consulting leader in advancing health, wealth, and careers, and a wholly-owned subsidiary of Marsh & McLennan Companies, Inc. (NYSE: MMC), announced today that it has signed an agreement to acquire Comptryx, a global pay and workforce metrics business specializing in the technology sector and providing state-of-the-art online tools to assess total labor force costs. The acquisition builds upon Mercer’s consulting strength and capabilities in talent management and reinforces its standing in the high tech industry worldwide.
The transaction closed this week. Terms of the agreement were not disclosed.
“The technology industry is a growing market for Mercer, and the acquisition of Comptryx strengthens our consulting insights to this sector by ensuring the most robust products are utilized to achieve informed, data-driven talent management programs,” said Ilya Bonic, Senior Partner and President of Mercer’s Talent business. “With Comptryx’s highly-regarded workforce metrics, Mercer has the ability to compare total compensation and benefit costs across all jobs within an industry and assess the implications these costs have on an organization’s overall pay program, which will benefit our clients worldwide.”
“Our mission is to elevate HR’s role by providing powerful organizational information that Executive Management needs to run the business,” said Joe Duggan, Co-Founder of Comptryx. “Mercer and Comptryx share a commitment to excellence, and both have insights into the needs of organizations that want to be best in class when it comes to attracting, retaining, and engaging talent through effective and competitive rewards programs. We believe the experience and resources resulting from the combination of our businesses will be of great value to our clients.”
Comptryx’s product lets companies profile their organization against the competition on both pay and workforce metrics for a unique and comprehensive analysis. Companies are able to benchmark their payroll costs (the largest single expense in most companies) to market and understand the factors that drive that result – the structure and composition of the organization. Variances from market norms can be quantified with actual cost. Additionally, the metrics menu includes full demographic and activity analysis as well as data-driven employee attrition, new hire rates, gender ratios, and rewards for top performers. The analysis is conducted using a proprietary global salary survey database and state-of-the art reporting system.
The product suite includes three modules and will be offered under the Mercer Comptryx brand:
· Workforce Metrics: for on-demand analytics and peer benchmarking.
· Labor Cost Modeling: to design virtual organizations and compare total employment cost in countries/regions/cities around the world.
· Global Salary Survey: for all employee levels for over 250 functions in more than 100 countries in the technology sector.
Mercer is a global consulting leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and performance of their most vital asset – their people. Mercer’s more than 20,000 employees are based in more than 40 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy and people. With 57,000 employees worldwide and annual revenue exceeding $13 billion, Marsh & McLennan Companies is also the parent company of Marsh, a leader in insurance broking and risk management; Guy Carpenter, a leader in providing risk and reinsurance intermediary services; and Oliver Wyman, a leader in management consulting. For more information, visit www.mercer.com. Follow Mercer on Twitter @Mercer.