Mercer acquires Comptryx, a global workforce metrics business for technology sector
September 30 2015 - 12:53PM
Business Wire
- 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.
About Mercer
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150930006508/en/
MercerStacy Bronstein, 215 982
8025stacy.bronstein@mercer.com
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