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HR Consulting in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

HR Consulting Market Research Report | NAICS 54161b | May 2015

Greater resources: Despite increased competition, growth will continue as business activity picks up

IBISWorld’s HR Consulting market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$21bn
Annual Growth 10-15
7.1%
Annual Growth 15-20
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Profit
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Employment
177,916
Businesses
44,248
Industry Analysis & Industry Trends

The growing importance of outsourcing internal services, such as human resources, by businesses has helped the industry grow through the recession. Nevertheless, a large amount of business closures, low corporate profit and high unemployment rates significantly slowed spending on HR consulting services, which are often nondiscretionary, during the recession and slow recovery. However, moving forward, the industry is forecast to turn around as the economy and business activity pick up... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The HR Consulting industry is in the mature phase of its industry life cycle. In the 10 years to 2020, the industry is forecast to grow considerably faster than the overall economy. However, this growth is not reflective of the normal state of this industry, rather, it is the product of inflated numbers coming off of a low recessionary base. During the period, IBISWorld estimates that the industry's contribution to GDP, measured by industry value added (IVA), will increase at an annualized rate of 4.6%, compared with GDP annualized growth of 2.5% during the same period... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the HR Consulting Industry?

Industry operators provide advice and assistance to businesses and other organizations for structuring human resource and personnel policies, employee benefits, compensation systems, wage and salary administration, recruitment and retention. This industry does not include companies that provide professional and management development training or those that list employment vacancies and place applicants in employment.

Industry Products
Compensation and benefits consultingHuman resources management consultingActuarial consulting
 
Industry Activities
Providing compensation planning servicesProviding personnel management assessmentProviding actuarial consulting servicesStructuring employee benefitsAssessing organization developmentProviding employee assessmentsProviding advice for recruitment and retention


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