A majority of the start-ups and SMEs do not possess a strong HR function within their organization. Most of these organizations solely focus their efforts on core business functions that directly contribute to their growth, including sales, marketing, finance, and operations. With the increasing prominence of HR consultancy services, most organizations have started opting for such services to improve their HR function and boost productivity. The HR consultancy services market is primarily driven by the growth of digital HR services. An HR consultancy service provider offers a wide range of solutions such as SMAC tools for recruitment and training, cost-effective health and benefit solutions, and training regarding other HRIT tools. The suppliers in the HR consultancy services market are coming up with constant innovations boosting the growth of this market.
Mercer is the industry leader in the HR consultancy services market, earning US$4.3 billion in the year 2016. Mercer operates internationally in more than 130 countries with its headquarters in New York City.
AON Hewitt is a US-based HR management consulting services firm with offices in 120 countries. The company merged with AON’s consulting arm to become a new subsidiary called AON Hewitt.
Accenture is a global consulting firm that provides professional services regarding, consulting, strategy, technology, and operations. Accenture started its journey as a business and technology consulting arm of Arthur Andersen.
McKinsey is a worldwide management consulting firm that conducts qualitative and quantitative analysis to evaluate management decisions across various industries. It is one of the most prestigious management consultancies in the world.
Deloitte Consulting unlike other suppliers providing management consultation also provides audit, tax, financial advisory, and enterprise risk services. In the US, Deloitte is the 6th largest privately-owned organization.
Read more about HR consulting services market along with supply market landscape, pricing, and procurement insights in SpendEdge’s upcoming procurement report on the HR consulting services market.