Mercer, a business of Marsh McLennan (NYSE: MMC) and a global leader in redefining the world of work, announced today the acquisition of Leapgen, a leading Human Resources (HR) technology advisory firm focused on digital strategy and transformation, workforce solutions, and improving employee experience.
The acquisition enhances Mercer’s position as a trusted advisor in the rapidly-growing digital HR strategy market, according to Jean Martin, Senior Partner, Mercer. “Leapgen will bring world-class digital HR strategy capabilities and expertise to Mercer’s Workforce and HR Transformation solutions, allowing for better technology decision making, more effective mapping of HR solutions to an organization’s unique needs, and improved workforce technology and employee experience outcomes,” Martin said.
The average organization deploys more than 16 HR systems, and according to Mercer’s latest research, 63% of US organizations increasing their total HR spend will spend more on HR technology in 2023. Despite increased investment, nearly 60% of HR leaders believe their HR function lacks the right mix of Human Capital Management (HCM) technology to effectively execute against business objectives. Too often, HR technology is viewed as a panacea; however, well-intended solutions fall short because organizations begin with the technology and implementation approach, rather than deploying strategic capabilities that address the root challenges they are attempting to solve.
While organizations have been utilizing HR technology for decades, COVID-related requirements such as health reporting, talent intelligence requirements, and support for employees working in remote and hybrid work environments have accelerated this adoption.
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Mercer believes in transforming the world of work, reshaping retirement and investment outcomes, and unlocking true health and well-being. Mercer has approximately 25,000 employees in 43 countries and operates in 130 countries. Mercer is a division of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in risk, strategy, and people, with 85,000 colleagues and more than $20 billion in annual revenue.
Leapgen is a digital HR company shaping the NOW of Work. Highly respected as consultants and advisors to the enterprise and the industry, we help our customers make HR digital. Leapgen helps leaders rethink how to better design and deliver workforce services and architect HR technology solutions that meet the expectations of workers and the needs of the business.