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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 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 Products Chapter

Human resources (HR) management consulting

The largest service segment is human resources (HR) management consulting, which accounts for an estimated 49.1% of industry revenue in 2014. HR management consulting entails providing advice on subjects like recruitment and retention strategies. It also includes providing guidance on employee relations and communication services; industry operators may conduct attitude surveys, community outreach programs and focus on ways to improve management and employee communication. Consultants in this segment may give advice on personnel policies and procedures, such as determining optimal workplace hours, attendance, pay, benefits and the level of supervision... 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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