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HR Advisory Services Global Market Report 2024

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    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5939709
The hr advisory services market size has grown steadily in recent years. It will grow from $157.54 billion in 2023 to $162.81 billion in 2024 at a compound annual growth rate (CAGR) of 3.3%. The expansion observed in the historical period can be credited to robust economic growth in emerging markets, a heightened occurrence of mergers and acquisitions, the effects of globalization, and an increase in investments in research and development (R&D).

The hr advisory services market size is expected to see steady growth in the next few years. It will grow to $186.81 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. The anticipated growth in the forecast period can be linked to factors such as the integration of data analytics and AI, the ongoing trend of rising urbanization, continuous technological advancements, and a heightened emphasis on customer satisfaction. Major trends expected in the forecast period encompass the pervasive use of data analytics and AI, the upward trajectory of urbanization, ongoing technological advancements, and an increasing focus on enhancing customer satisfaction.

The expansion of the HR advisory services market is propelled by the significant utilization of data-driven tools and analytics for enhancing employee engagement. Employee engagement, a workplace strategy fostering optimal conditions for employees to perform at their best while adhering to company values and enhancing their well-being, is increasingly relying on data analytics and AI for critical decision-making. For example, Genpact, an American professional services company, employs data analysis to categorize employee data and identify patterns related to factors such as age, salary range, or experience level to understand employee attrition. Predictive analytics is then used to pinpoint employees at high risk of voluntary attrition, leading to targeted interventions for re-engagement. Ongoing advancements in data-driven tools and analytics are anticipated to further drive the growth of the HR advisory services market.

The HR advisory services market is also experiencing growth due to the expanding workforce. Workforce expansion, representing the total number of employees in an organization, industry, or country, is supported by HR advisory services offering strategic guidance on talent acquisition and onboarding. This ensures that organizations identify and attract suitable candidates while maintaining compliance and fostering efficient growth. Notably, in May 2023, the Australian Bureau of Statistics reported a rise in labor force employment, reaching 14,003,400 from 13,963,600 in April 2023, signifying a 0.3% increase. Thus, the increasing workforce expansion is a driving factor for the HR advisory services market.

The global trend of creating a digital workplace using cloud services and AI is gaining momentum in the HR advisory market. The digital workplace, centered on digital transformation, leverages cloud services and artificial intelligence to eliminate geographic barriers, enhance collaboration, increase productivity and employee engagement, improve decision-making, and optimize costs. For instance, SEO.AI, a France-based AI tool, suggests that AI could potentially replace around 800 million jobs worldwide by 2030.

Major players in the HR advisory services industry are adopting a strategic partnership approach to deliver essential HR advisory services, boost productivity, and drive efficiencies within HR. Strategic partnerships involve leveraging mutual strengths and resources for shared benefits and success. In October 2023, Ernst & Young Global Limited, a UK-based provider of financial advisory services, partnered with International Business Machines Corporation, a US-based technology company, to launch EY.AI Workforce. This innovative HR solution integrates artificial intelligence (AI) into key HR business processes, combining AI and automation from IBM Watsonx Orchestrate with EY's domain knowledge in HR transformation. This collaboration allows organizations to innovate their HR processes with tailored solutions that leverage AI for streamlined employee work.

In July 2023, Marsh McLennan Agency LLC, a US-based insurance firm, acquired Integrity HR Inc. for an undisclosed amount, aiming to enhance its HR consulting capabilities. The acquisition of Integrity HR Inc., a UK-based human resources consulting firm, enables Marsh McLennan Agency LLC to offer clients a more comprehensive suite of HR services, including strategic outsourced human resources (HR) and HR consulting services.

Major companies operating in the hr advisory services market report are Marsh & McLennan Companies, Inc., Willis Towers Watson, Accenture, Aon Hewitt, McKinsey & Company, Boston Consulting Group, Korn Ferry, KPMG LLP, Bain & Company, Deloitte Consulting LLP, Tricor Group, With Business Process Outsourcing, Quess Corp, Adecco India Pvt. Ltd., ABC Consultants Pvt Ltd., CareerNet Technologies Pvt Ltd., Innovsource Services Pvt Ltd., KOISRA UP, Reed Specialist Recruitment Korea, MAM Corporate Solutions, Talent Search Recruitment, LANSIMA, Global Expat Recruiting, Recruit Express Pte Ltd., JAC Recruitment Group, Wuhu Hande Business Consulting Co. Ltd., New Horizons Global Partners Shanghai, INFITEC, Morgan McKinley Shangha, Monroe Consulting Group, Links International, CDP Group, Ltd., Arcoro GmbH, Teamly, Ratbacher GmbH, Duerenhoff GmbH, IMU Institut GmbH, Pape Personalberatung, Dr. Maier + Partner Group, Conciliat GmbH, International Service Group, Venturi Ltd., CLEVIS GmbH, DEKRA Arbeit Group, Passion for People GmbH, SHUNTI, Leinonen Group, ManpowerGroup, BPI group, TEXON Recruitment, Acteon, TRIZA Exclusive, Staff-Up, Amrop, Unistaff, Unity Business Solutions, Robert Half, TPD, Creo Consulting, Pinnacle HR, ALL in ONE, First Class Consulting Firm, ACCUR, American Recruiting & Consulting Group, RMG Staffing, HH Staffing Services, Criterion Executive Search, The HT Group, Sim Carreira, Ubiminds, Mercer, CDL de Florianópolis, Empreza Service Center, Gi Group, ACIF, Grupo Meta RH, Employer RH, Foxtime Recursos Humanos, Alliage, EAG - Empresa Autogerenciável, Nathan & Nathan Human Resources Solutions, Tuscan Consulting, NAJMA Consultancy, Pinpoint Human Resource Consultancy, Ultimate HR Solutions, JAMS HR Solutions, Accel HR Consulting, Dragon Recruiting, Education 1st Recruitment, PE Corporate Services (PECS), EY South Africa, KPMG East Africa Limited, Strategy&, Alvarez & Marsal, Nextcontinent, AMSCO.

North America was the largest region in the HR advisory services market in 2023. Western Europe was the second largest region in the global HR advisory services market share. The regions covered in the hr advisory services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hr advisory services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The primary categories of HR advisory services include compensation consulting, benefits consulting, human resources management consulting, actuarial consulting, strategic consulting, and others. Compensation consultants specialize in the design and implementation of compensation programs aimed at creating appropriate incentives for employees. They also offer guidance to businesses on compensation trends and prevailing pay rates for specific job categories. The range of services encompasses integration and deployment, support and maintenance, training, and consulting, and finds application across various industries such as IT services, manufacturing, financial services, mining, oil & gas, construction, and others.

The HR advisory market research report is one of a series of new reports that provides HR advisory market statistics, including HR advisory industry global market size, regional shares, competitors with a HR advisory market share, detailed HR advisory market segments, market trends and opportunities, and any further data you may need to thrive in the HR advisory industry. This HR advisory market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The HR advisory market consists of revenue earned by entities by providing services such advising on human capital matters and/or offerings revolving around the HR function. HR advisory services are generally used by three types of clients: those aiming to improve their HR function by redesigning HR processes, those undergoing transformations such as mergers and acquisitions to ensure the new human capital is trained. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Table of Contents

1. Executive Summary2. HR Advisory Services Market Characteristics3. HR Advisory Services Market Trends and Strategies
4. HR Advisory Services Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global HR Advisory Services Market Size and Growth
5.1. Global HR Advisory Services Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global HR Advisory Services Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global HR Advisory Services Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. HR Advisory Services Market Segmentation
6.1. Global HR Advisory Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Compensation Consulting
  • Benefits Consulting
  • Human Resources Management Consulting
  • Actuarial Consulting
  • Strategic Consulting
  • Other Types
6.2. Global HR Advisory Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Integration & Deployment
  • Support & Maintenance
  • Training & Consulting
6.3. Global HR Advisory Services Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • IT Services
  • Manufacturing
  • Financial Services
  • Mining and Oil & Gas
  • Construction
  • Other End-Uses
7. HR Advisory Services Market Regional and Country Analysis
7.1. Global HR Advisory Services Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global HR Advisory Services Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific HR Advisory Services Market
8.1. Asia-Pacific HR Advisory Services Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific HR Advisory Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific HR Advisory Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific HR Advisory Services Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China HR Advisory Services Market
9.1. China HR Advisory Services Market Overview
9.2. China HR Advisory Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China HR Advisory Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China HR Advisory Services Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India HR Advisory Services Market
10.1. India HR Advisory Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India HR Advisory Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India HR Advisory Services Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan HR Advisory Services Market
11.1. Japan HR Advisory Services Market Overview
11.2. Japan HR Advisory Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan HR Advisory Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan HR Advisory Services Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia HR Advisory Services Market
12.1. Australia HR Advisory Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia HR Advisory Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia HR Advisory Services Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia HR Advisory Services Market
13.1. Indonesia HR Advisory Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia HR Advisory Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia HR Advisory Services Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea HR Advisory Services Market
14.1. South Korea HR Advisory Services Market Overview
14.2. South Korea HR Advisory Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea HR Advisory Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea HR Advisory Services Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe HR Advisory Services Market
15.1. Western Europe HR Advisory Services Market Overview
15.2. Western Europe HR Advisory Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe HR Advisory Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe HR Advisory Services Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK HR Advisory Services Market
16.1. UK HR Advisory Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK HR Advisory Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK HR Advisory Services Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany HR Advisory Services Market
17.1. Germany HR Advisory Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany HR Advisory Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany HR Advisory Services Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France HR Advisory Services Market
18.1. France HR Advisory Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France HR Advisory Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France HR Advisory Services Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy HR Advisory Services Market
19.1. Italy HR Advisory Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy HR Advisory Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy HR Advisory Services Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain HR Advisory Services Market
20.1. Spain HR Advisory Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain HR Advisory Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain HR Advisory Services Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe HR Advisory Services Market
21.1. Eastern Europe HR Advisory Services Market Overview
21.2. Eastern Europe HR Advisory Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe HR Advisory Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe HR Advisory Services Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia HR Advisory Services Market
22.1. Russia HR Advisory Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia HR Advisory Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia HR Advisory Services Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America HR Advisory Services Market
23.1. North America HR Advisory Services Market Overview
23.2. North America HR Advisory Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America HR Advisory Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America HR Advisory Services Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA HR Advisory Services Market
24.1. USA HR Advisory Services Market Overview
24.2. USA HR Advisory Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA HR Advisory Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA HR Advisory Services Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada HR Advisory Services Market
25.1. Canada HR Advisory Services Market Overview
25.2. Canada HR Advisory Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada HR Advisory Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada HR Advisory Services Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America HR Advisory Services Market
26.1. South America HR Advisory Services Market Overview
26.2. South America HR Advisory Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America HR Advisory Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America HR Advisory Services Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil HR Advisory Services Market
27.1. Brazil HR Advisory Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil HR Advisory Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil HR Advisory Services Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East HR Advisory Services Market
28.1. Middle East HR Advisory Services Market Overview
28.2. Middle East HR Advisory Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East HR Advisory Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East HR Advisory Services Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa HR Advisory Services Market
29.1. Africa HR Advisory Services Market Overview
29.2. Africa HR Advisory Services Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa HR Advisory Services Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa HR Advisory Services Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. HR Advisory Services Market Competitive Landscape and Company Profiles
30.1. HR Advisory Services Market Competitive Landscape
30.2. HR Advisory Services Market Company Profiles
30.2.1. Marsh & McLennan Companies, Inc.
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Willis Towers Watson
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Accenture
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Aon Hewitt
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. McKinsey & Company
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. HR Advisory Services Market Other Major and Innovative Companies
31.1. Boston Consulting Group
31.2. Korn Ferry
31.3. KPMG LLP
31.4. Bain & Company
31.5. Deloitte Consulting LLP
31.6. Tricor Group
31.7. With Business Process Outsourcing
31.8. Quess Corp
31.9. Adecco India Pvt. Ltd
31.10. ABC Consultants Pvt Ltd
31.11. CareerNet Technologies Pvt Ltd
31.12. Innovsource Services Pvt Ltd
31.13. KOISRA UP
31.14. Reed Specialist Recruitment Korea
31.15. MAM Corporate Solutions
32. Global HR Advisory Services Market Competitive Benchmarking33. Global HR Advisory Services Market Competitive Dashboard34. Key Mergers and Acquisitions in the HR Advisory Services Market
35. HR Advisory Services Market Future Outlook and Potential Analysis
35.1 HR Advisory Services Market in 2028 - Countries Offering Most New Opportunities
35.2 HR Advisory Services Market in 2028 - Segments Offering Most New Opportunities
35.3 HR Advisory Services Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

HR Advisory Services Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on hr advisory services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for hr advisory services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Type: Compensation Consulting; Benefits Consulting; Actuarial Consulting; Strategic and Other Consulting
2) By Service: Integration & Deployment; Support & Maintenance; Training & Consulting
3) By End-user: IT Services; Manufacturing; Financial Services; Mining and Oil & Gas; Construction; Other Services; Others

Key Companies Mentioned: Marsh & McLennan Companies, Inc.; Willis Towers Watson; Accenture; Aon Hewitt; McKinsey & Company

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Marsh & McLennan Companies, Inc.
  • Willis Towers Watson
  • Accenture
  • Aon Hewitt
  • McKinsey & Company
  • Boston Consulting Group
  • Korn Ferry
  • KPMG LLP
  • Bain & Company
  • Deloitte Consulting LLP
  • Tricor Group
  • With Business Process Outsourcing
  • Quess Corp
  • Adecco India Pvt. Ltd
  • ABC Consultants Pvt Ltd
  • CareerNet Technologies Pvt Ltd
  • Innovsource Services Pvt Ltd
  • KOISRA UP
  • Reed Specialist Recruitment Korea
  • MAM Corporate Solutions
  • Talent Search Recruitment
  • LANSIMA
  • Global Expat Recruiting
  • Recruit Express Pte Ltd
  • JAC Recruitment Group
  • Wuhu Hande Business Consulting Co. Ltd.
  • New Horizons Global Partners Shanghai
  • INFITEC
  • Morgan McKinley Shangha
  • Monroe Consulting Group
  • Links International
  • CDP Group, Ltd.
  • Arcoro GmbH
  • Teamly
  • Ratbacher GmbH
  • Duerenhoff GmbH
  • IMU Institut GmbH
  • Pape Personalberatung
  • Dr. Maier + Partner Group
  • Conciliat GmbH
  • International Service Group
  • Venturi Ltd
  • CLEVIS GmbH
  • DEKRA Arbeit Group
  • Passion for People GmbH
  • SHUNTI
  • Leinonen Group
  • ManpowerGroup
  • BPI group
  • TEXON Recruitment
  • Acteon
  • TRIZA Exclusive
  • Staff-Up
  • Amrop
  • Unistaff
  • Unity Business Solutions
  • Robert Half
  • TPD
  • Creo Consulting
  • Pinnacle HR
  • ALL in ONE
  • First Class Consulting Firm
  • ACCUR
  • American Recruiting & Consulting Group
  • RMG Staffing
  • HH Staffing Services
  • Criterion Executive Search
  • The HT Group
  • Sim Carreira
  • Ubiminds
  • Mercer
  • CDL de Florianópolis
  • Empreza Service Center
  • Gi Group
  • ACIF
  • Grupo Meta RH
  • Employer RH
  • Foxtime Recursos Humanos
  • Alliage
  • EAG - Empresa Autogerenciável
  • Nathan & Nathan Human Resources Solutions
  • Tuscan Consulting
  • NAJMA Consultancy
  • Pinpoint Human Resource Consultancy
  • Ultimate HR Solutions
  • JAMS HR Solutions
  • Accel HR Consulting
  • Dragon Recruiting
  • Education 1st Recruitment
  • PE Corporate Services (PECS)
  • EY South Africa
  • KPMG East Africa Limited
  • Strategy&
  • Alvarez & Marsal
  • Nextcontinent
  • AMSCO

Methodology

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