Mercer Acquires Human Resources Business Solutions - Quick Facts

(RTTNews) - Mercer, a wholly owned subsidiary of Marsh & McLennan Companies (MMC), announced the acquisition of Human Resources Business Solutions or 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 transaction is expected to close in the next 30 days.

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.

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.