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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 | Oct 2013

At the source: Though competition is high, growth will return as US business activity picks up

The HR Consulting market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$26bn
Annual Growth 08-13
0.4%
Annual Growth 13-18
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Profit
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Employment
204,668
Businesses
82,527
Industry Analysis & Industry Trends

The growing importance of outsourcing internal services by businesses has helped the industry grow through the recession. Still, the high number 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. The industry is forecast to turn around, though, as the economy and business activity pick up... purchase to read more

Industry Report - Industry Key Buyers Chapter

The HR Consulting industry is comprised of many small, nonemploying firms that typically market services to narrow geographic areas and niche markets. The four largest firms in the industry are multinational companies with operations typically spanning across Asia and Europe. In 2013, the four largest industry players are expected to generate 18.1% of total industry revenue. The largest player, Aon Corporation, primarily operates through its subsidiary, Aon Hewitt. The firm provides consulting services on human capital and management consulting and is estimated to account for 7.1% of industry revenue alone in 2013.

Over the past five years, market share concentration has increased... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the HR Consulting Industry?

Industry firms 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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