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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 10-15
Annual Growth 15-20
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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 Products Chapter

Compensation and benefits consulting

The largest segment in this industry is compensation and benefits consulting, which generates about 42.0% of industry revenue. This type of consulting work entails providing advice and guidelines on determining base salary or hourly wages, fringe benefits and incentive compensation. This also includes revenue from designing executive compensation, incentive and bonus plans, as well as determining termination packages. Additionally, as part of compensation and benefits consulting, industry operators will often compare the effect of wage and salary versus pay-for-performance programs... 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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