Global consultancy firm, Mercer, has announced the acquisition of Human Resources Business Solutions (HRBS), a provider of career and talent consulting in Asia. The move will extend Mercer’s reach in Asia and in particular boost its expertise on compensation and benefits—an area that HRBS has dominated in since 2001.
HRBS will also help 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.
With businesses in Asia fast developing and greater complexities in their talent management arises, this merger will strengthen Mercer’s position to advise clients on how to grapple with these challenges effectively. Susan Haberman, Talent Business Leader for Growth Markets, Mercer commented, “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.”
Adding to that, Elaine Ng, Managing Principal and Co-Founder, HRBS said, “This strategic move is a win: win: for both companies and our clients. Few organisations can offer high quality data and advisory capabilities in executive compensation. By combining HRBS’ skill sets with those of Mercer, we will be redefining executive compensation solutions in the marketplaces of Asia.”
Paul Arkwright
Publisher
