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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 | Jun 2016

Greater resources: Despite increased competition, growth will continue as business activity picks up

IBISWorld’s HR Consulting market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
Industry Threats & Opportunities
  • The growing importance of human resource management has supported the industry
  • Consolidation has boosted industry profitability over the past five years
  • Profit margins are expected to improve in the short term as demand increases
  • ... purchase to read more

Industry Analysis & Industry Trends

Over the past five years, HR management has become more important to businesses, as the improving US economy helped to rebound corporate profit levels and the number of employees. Moreover, regulatory issues related to employee benefit plans have continued to stimulate demand for the HR Consulting industry. As the economy continues to improve and more employees return to the workforce, more companies will seek out HR consultants for advice. Moving forward, the largest industry operators are expected to increasingly turn to overseas markets for expansion as the economy becomes more globalized, further boosting domestic industry revenue as HR consultants manage international transfers... ... 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 2016, the four largest industry players are expected to generate 20.1% of total industry revenue. The largest player, Aon Corporation, primarily operates through its subsidiary, Aon Hewitt. The firm provides human capital and management consulting and is estimated to account for 10.0% of industry revenue alone in 2016.

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

Additional Insights for the HR Consulting Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the HR Consulting Industry are

  • Access to highly skilled workforce
  • Ability to compete on tender
  • Access to niche markets
  • IBISWorld analysts also discuss how external factors such as Number of employees and Corporate profit in the HR Consulting industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    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

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Number of employees
  • Corporate profit
  • Demand from health and medical insurance
  • External competition for the Management Consulting industry
  • Current Performance
  • Expanding labor market
  • Consolidation and profit
  • Employment and wage growth booming
  • Chart: Revenue Growth
  • Industry Outlook
  • Limited profit growth
  • Competition revs up
  • Growth areas
  • Table: HR Consulting Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - HR Consulting Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Utilities
  • Finance and Insurance
  • Healthcare and Social Assistance
  • Public Administration
  • Key Selling Industries
  • Commercial Leasing
  • Computer Stores
  • Office Supply Stores
  • Products & Services
  • Compensation and benefits consulting
  • Human resources management consulting
  • Other
  • Actuarial consulting
  • Chart: HR Consulting Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Financial services companies
  • Consumer business
  • Manufacturing industries
  • Government entities
  • Other
  • Healthcare companies
  • Energy and utilities companies
  • Chart: Major Market Segmentation for the HR Consulting Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs HR Consulting
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the HR Consulting Industry
  • Industry Globalization
    Major Companies
    Aon Corporation
  • Table: Aon Corporation - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the HR Consulting Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the HR Consulting Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Number of Employees (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
  • A person who analyzes the probability and likely cost to a company in the event of an employee disability, sickness, injury, death or loss of company property.
  • Human Capital Management
  • The development of all labor-related issues, such as employment, employee assessment, compensation and improving labor relations.
  • Personnel Policies
  • A set of statements for employees that include comprehensive information about workplace rule,; such as hours, attendance, pay, benefits, supervision and discipline.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on HR Consulting:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The HR Consulting market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on HR Consulting, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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