Mercer reviews

3.7

66% would recommend to a friend

(929 total reviews)
avatar

Pat Tomlinson

45% approve of CEO

59% positive business outlook

Reviews by job title

929 reviews

Reviews about "Compensation"

Return to all reviews
3.0
Aug 6, 2023
Recommend
CEO approval
Business Outlook

Pros

If you beat sales targets, the bonuses would be rewarding although base pay increases for mid/late career were tiny/non-existent.

Cons

Base pay increases for mid/late career didn’t keep up with inflation. In the wealth business, they were largely focused on growing assets under management. Being a well-respected high quality consultant used to be the goal many years ago. Often this would lead to revenue growth as clients trusted their consultant and would take their advice leading to increased services/sales. Employees were also treated like the key company asset that they are, resulting in various little perks. Things changed and the only thing that mattered was high sales/high billable hours. Mgmt didn’t really care about employee well-being or work-life balance, other than giving it lip service so they could ride the ESG bandwagon.

3.0
Aug 5, 2023
Recommend
CEO approval
Business Outlook

Pros

There is $10,000 annual tuition reimbursement. They pay for actuarial certifications and give work time for exams. Used to be a pension & parking subsidy (parking costs $90/month in garage in Phx) but no more. Health benefits are good (although all high deductible plans, which work for me). Stock price is high. Take part in the 401(k) and buy stock! It adds up. If you join--try to negotiate as high a salary as you can since pay is not great. Use the tuition benefit and get an advanced degree in 2 years, stay a third so you don't need to pay it back, then leave. Bounce to a few other companies and come back if you want, since that's the only way your salary will increase decently. Good place for someone starting out or for someone coming from a state agency or MCO who can get a great salary. I gave it a thumbs up but would have liked to give it a neutral.

Cons

We were recently informed we are expected back in the office 3 days a week, unless we had already made our work from home status official (we were not made aware of this). Advancement process is inequitable--make friends with those at the top (or at least the top of your group). Really. Workload is too much for the reward. Pay is low unless you leave for a year. Then come back, make a lot more and get a promotion immediately or the following year. Stay and stagnate. Many left last year. No real repercussions for mediocre performance. No benefits for working night and day to meet/exceed client expectations and fill gaps others leave. Leadership does not want to hear even slightly negative feedback, which is necessary for positive change. Recent restructuring has raised billable hour goals to 1600 for virtually everyone this year (2023), which is a significant increase for many. (Although almost no nonbillable hours are expected outside of trainings, meeting as with supervisors and a few more quarterly meetings.). Employees mostly unwilling to go the extra mile. Leadership mostly unconcerned with opinions of the masses. Managers mostly will not help. Was a much more toxic environment, but working from home helped alleviate a lot of that. Backstabbing/sabotage is a real problem so beware. Most staff are decent; issues seem to be mostly involving managers/leadership staff. Disheartening to be an employee.

4.0
Aug 3, 2023
Recommend
CEO approval
Business Outlook

Pros

Work stability working for a Fortune 500 company. They have many experts and processes to help you learn in your field.

Cons

Relatively low pay compared to competitors in the industry. You offset some pay for job security since other areas of the business are used to offset lower performing areas.

Viewing 196 - 198 of 929 Reviews

Glassdoor has 7,751 Mercer reviews submitted anonymously by Mercer employees. Read employee reviews and ratings on Glassdoor to decide if Mercer is right for you.