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 Key Buyers Chapter
The HR Consulting industry is mainly 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 North America, Asia and Europe. In 2015, the four largest industry players are expected to generate 21.1% 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 10.2% of industry revenue alone in 2015.
Over the past five years, market share concentration has increased... purchase to read more