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 Locations Chapter
The distribution of HR consultants in the United States is primarily related to population levels. Additionally, industry operators are more likely to be located in regions that have large urban areas where there is a greater level of business activity and a higher demand for consulting services.
The Southeast represents the largest region in terms of establishments, with an estimated 26.3% of HR consultants in this region. This correlates with the 25.5% of the US population located in the region and, therefore, the large number of US businesses with employees that require human resource assistance... purchase to read more