Mercer to Extend Career and Talent Solutions across Asia by Acquiring HRBS
October 04 2015 - 10:03PM
Business Wire
Deal enhances Mercer’s Talent and Rewards leadership across
Asia
Mercer, a global consulting leader in advancing health, wealth
and careers, and a wholly owned subsidiary of Marsh & McLennan
Companies (NYSE: MMC), today announced the acquisition of Human
Resources Business Solutions (HRBS), a provider of career and
talent consulting and information services to clients across Asia,
with concentrated strength in Hong Kong, Singapore and mainland
China. The acquisition will extend Mercer’s leadership in Asia in
compensation and benefits expertise, an area of critical importance
in the region’s high demand talent markets.
Founded in 2001, HRBS has offices in Hong Kong, Singapore,
Shanghai and Beijing and employs approximately 45 professionals.
The company has built a strong brand on the bedrock of its
operation being the high quality and consistency of its executive
remuneration information assets, which cover both multinational and
publicly listed firms. The company is a dominant player in the
compensation and benefits space for inbound multinationals and has
established market leadership in the luxury goods, retail and
apparel-sourcing sectors across Asia.
“Our clients across Asia are experiencing incredible growth and
change and, as a result, they are facing new and greater
complexities in talent management,” said Susan Haberman, Mercer’s
Talent Business Leader for Growth Markets. “HRBS has an excellent
reputation for talent consulting combined with consistent, highly
sought after information. The acquisition will strengthen Mercer’s
competitive position in its core Talent business and will fuel
faster growth than we would have achieved organically. Together, we
will bring the best possible information and solutions to our
clients.”
HRBS will enhance Mercer’s portfolio in the areas of
remuneration strategy, pay structure design, short- and long-term
incentive design and performance management. It will also bring a
range of regular surveys to Mercer clients, including an Executive
Pay Survey, an Employee Benefits Survey and industry-specific
surveys across numerous sectors, including luxury goods, retail,
garment buying, market research, marketing services, internet and
construction. HRBS also conducts surveys on merit increases,
bonuses, attrition and ad-hoc surveys on market conditions.
“We are delighted to be able to do more for our clients by
merging with the global Mercer team,” said Elaine Ng, Managing
Principal and Co-Founder of HRBS. “This strategic move is a win-win
for both companies and our clients. Few organizations can offer
high quality data and advisory capabilities in executive
compensation. By combining HRBS’ skillsets with those of Mercer, we
will be redefining executive compensation solutions in the
marketplaces of Asia.”
The transaction is expected to close in the next 30 days.
About HRBS
HRBS (HR Business Solutions) is an independent compensation and
benefits consultancy. Our services cover four main areas, namely
Consulting Service, Information Service, C&B Training and
C&B Online Solutions. Headquartered in Hong Kong and having
offices in Singapore, Shanghai and Beijing, HRBS serves over 400
multinational companies across the Asia region. We provide
executive compensation expertise and advisory and run an annual
executive compensation survey across countries in Asia, in addition
to a public listed directors’ remuneration online database in Hong
Kong and Singapore respectively. We are the industry leader in
conducting luxury goods industry and retail surveys as well as
garment buying and general merchandizing surveys among the sourcing
arms of global retailers. We conduct other regular industry surveys
in market research, marketing services, electronics, internet and
construction sectors, as well as a benefits survey. With quality
delivery and prompt service in response to client needs, we have
gained our reputation to be a reliable service provider and
business partner in working on a wide-range of consulting projects
from salary to incentives and benefits. For more information, visit
www.hrbsasia.com.
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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