Mercer & PayScale Announce ‘Cloud & Crowd’ Strategic Alliance for Next Generation Compensation Data & Software Solutions;...
12 7월 2017 - 10:19PM
Business Wire
Mercer’s ePRISM to migrate to PayScale’s compensation data
management platform
Mercer, a global consulting leader in advancing health, wealth,
and careers, and a wholly-owned subsidiary of Marsh & McLennan
Companies, Inc. (NYSE:MMC), and PayScale, the leading provider of
compensation management software and real-time salary data,
announced today that they have formed a strategic alliance to bring
together Mercer’s expertise in compensation consulting and
information products with PayScale’s strength in technology and
data science to advance compensation data and software solutions
for clients and the future workforce.
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In connection with this alliance, Mercer will secure an equity
stake in PayScale, which has built the world’s largest crowdsourced
database of salary profiles utilizing big data technologies. This
investment builds upon the firm’s leading position in reward
consulting and information and its recent launch of Mercer Digital
to support clients as they transition to new models of work that
are enabled by digital technologies. For PayScale, this
relationship enhances the company’s portfolio and product
capabilities with deeper consulting and data expertise to tailor
solutions to customers’ needs. As Mercer will provide a global
channel for distributing PayScale’s products, PayScale will provide
a channel for Mercer’s products. Together, they will collaborate to
develop new, innovative compensation and workforce data products
and solutions.
“Our strategic alliance with PayScale is an ideal opportunity
for Mercer to provide clients with new technology platforms as we
help them transition to a digital future,” said Ilya Bonic, Senior
Partner and President of Mercer’s Career business. “By investing in
PayScale and serving on its Board, Mercer will have a front-line
view of the most promising technologies as well as contribute to
the development of new data products.”
“As we are called to serve the needs of larger and more complex
global organizations, Mercer is the perfect partner to continue our
mission to enable fair and transparent fact-based relationships
between employees and employers,” said Mike Metzger, President and
CEO of PayScale. “Getting compensation right is increasingly
complex in today’s competitive talent market. We’re excited to team
with Mercer to deliver exceptional software, data, and service and
expand our business relationship in the future.”
Terms of the agreement were not disclosed.
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 careers of their most vital asset –
their people. Mercer’s more than 20,000 employees are based in 43
countries and the firm operates in over 140 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 annual revenue of more than $13 billion and more than 60,000
colleagues worldwide, 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.
About PayScale
PayScale offers modern compensation software and real-time, data
driven insights for employees and employers alike. More than 6,000
customers, from small businesses to Fortune 500 companies, use
PayScale to power pay decisions for more than 13 million employees.
These companies include Dish Network, Getty Images, Skullcandy,
Bloomberg BNA, and Time Warner. For more information, please visit:
http://www.payscale.com or follow PayScale on Twitter:
http://twitter.com/payscale.
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version on businesswire.com: http://www.businesswire.com/news/home/20170712005729/en/
MercerStacy Bronstein, 215 982
8025stacy.bronstein@mercer.comorPayScalePhyllis
McNeice, 206 954 1481press@payscale.com
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