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Compensation & Benefits Planning Services in the US Procurement Price, Data and Insights
Compensation and benefits planning services assist with the development, communication, and implementation of staff benefits programs and compensation systems. Benefits planning may include evaluating a firm's retirement plans, health insurance, vacation pay, and employee stock options. Compensation planning refers to the development of a firm's wage or salary programs and structures. Key buyers include healthcare firms, financial and educational institutions, and government agencies.
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What’s included in this market coverage
IBISWorld's research coverage on the Compensation & Benefits Planning Services procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Compensation & Benefits Planning Services market in the United States includes Vacation Pay Evaluation, Wage & Salary Program Evaluation, Retirement Plan Evaluation, Health Insurance Evaluation and Employee Stock Options Evaluation. Standard coding in this coverage includes ISIC-6629-Other activities auxiliary to insurance and pension funding, NACE-70.22-Business And Other Management Consultancy Activities, NAICS-541612-Human Resources Consulting Services and UNSPSC-80111502-Compensation or benefits planning.
What common market terminology is included?
Common market terminology included in the Compensation & Benefits Planning Services procurement coverage includes Professional Employer Organization (PEO) (A firm that can assist buyers with outsourcing their management of payroll, benefits and other related HR tasks.), Retainer Fee (A cost that is typically paid in advance by a buyer to secure the services of a supplier.) and Workers' Compensation (A type of insurance policy that covers workplace injury, which provides the injured employee with wage replacement and medical benefits. In return, the employee relinquishes the right to sue their employer for negligence.).
What companies are included as top suppliers?
The top companies covered in the Compensation & Benefits Planning Services procurement report as suppliers are Willis Towers Watson Plc, Arthur J. Gallagher & Co., Automatic Data Processing, Inc., Marsh & Mclennan Companies, Inc. and Kpmg International Limited.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Compensation & Benefits Planning Services market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per consultant per hour, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Compensation & Benefits Planning Services market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Compensation & Benefits Planning Services procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Compensation & Benefits Planning Services market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Compensation & Benefits Planning Services market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Compensation & Benefits Planning Services?
The 2026 benchmark market price for Compensation & Benefits Planning Services is $299 per consultant per hour. Prices have increased at a CAGR of 2.7 from 2023-26.
Who are the top vendors in the Compensation & Benefits Planning Services market?
The top vendors in the Compensation & Benefits Planning Services market include Willis Towers Watson Plc, Arthur J. Gallagher & Co., Automatic Data Processing, Inc., Marsh & Mclennan Companies, Inc. and Kpmg International Limited.
What industries supply the Compensation & Benefits Planning Services market?
The top industries supplying the Compensation & Benefits Planning Services market are Commercial Real Estate in the US, Real Estate Sales & Brokerage in the US, Computer & Packaged Software Wholesaling in the US, Computer Manufacturing in the US, Office Stationery Wholesaling in the US and Office Stationery Manufacturing in the US.
What is the supply chain risk for Compensation & Benefits Planning Services?
Low supplier concentration expands negotiation leverage and choice for buyers . With no single vendor dominating the market and low barriers to entry, buyers benefit from increased competition among compensation and benefits planning service providers. This competitive landscape enables procurement teams to benchmark vendors, drive down pricing, demand stronger service terms, and foster innovation. Buyers should leverage the fragmented market environment to run competitive RFPs and negotiate more favorable contract terms.
What factors affect the price of Compensation & Benefits Planning Services?
Supplier reputation and market position can drive higher prices, as established firms with strong reputations often command premium fees due to perceived quality and reliability. Buyers are willing to pay more for trusted expertise, making supplier credibility a key pricing factor.
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