Human Resource (HR) Consulting Market Procurement Intelligence, Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country 2020–2025

Human resource consulting consists of advisory and implementation activities related to the management of an organization’s human capital and the HR function. The service ranges from overarching work on the human capital strategy to the design and deployment of a compensation & benefits framework. Following are the major human resource consulting services:

·         Recruitment & selection

·         Performance management

·         Learning & development

·         Succession planning

·         Compensation and benefits

·         Human Resources Information Systems (HRIS)

·         HR data and analytics

All these services can be categorized into two components based on the service offering. Software-based consulting service and manual consulting service. In most cases, large organizations are preferred to use the combination of software manual service. Hence, the procurement need for human resource consulting services is becoming very crucial.

 

Read report summary or request a free sample copy of the report @ “Human Resource (HR) Consulting Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2025”

 

Demand Outlook

The global HR consulting market is valued at USD 18 billion in 2020 and it is expected to grow at a CAGR of 12% from 2020 to 2025 as remote working practices are prompting small and medium companies to opt for the latest HR consulting services so that strategic decisions can be made efficiently. The software HR consulting segment is dominant over the manual HR consulting segment of the market with a revenue share of over 68% in 2020. North America is leading the HR consulting market with more than 30% market share followed by Europe and APAC.

Cost Drivers

The cost component of HR consulting services can be categorized into two major segments: the cost of HR consulting software development, and the salary of HR personnel in manual HR consulting services. Usually, software development and implementation cost are higher than appointing HR personnel to perform similar activities. Large-scale global organizations prefer to implement software solutions along with having a small team of HR personnel in specific regions. However smaller companies prefer to have a small HR team for HR consulting as they do not need to manage a large number of employees.

 

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About us:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.

 

Our services include (not limited to):

 

·        Market Intelligence involving - market size and forecast, growth factors, and driving trends

·        Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership

·        Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

·        Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption

 

Browse our other Reports:

1)      Facilities Management Services Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2025

Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.

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