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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 | Apr 2014

Greater resources: Despite increased competition, growth will return as US 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
$27bn
Annual Growth 09-14
1.8%
Annual Growth 14-19
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Profit
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Employment
210,165
Businesses
82,418
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 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 2014, 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 7.3% of industry revenue alone in 2014.

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 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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