Published by Wanda Rich
Posted on April 25, 2025
The global human resources consulting services market is expected to reach a valuation of US$ 49.4 billion in 2022 and accelerate at a CAGR of 5.2% to top US$ 82 billion by 2032. Surging demand from small-sized organizations and companies moving to a remote or hybrid work model is expected to drive market growth over the coming years.
Human resources consulting is an essential practice delivering crucial aspects of human resource management as an external provider. It is a cost-effective solution that drives the human resource development of an organization in an optimum way. It includes consulting regarding fundamental HR practices such as compensation & benefits, talent management, HR analytics, and others.
The market has increased significantly post-COVID. In 2021, the global market size of human resources consulting was around 12% of the total management consulting market. This is a modern way to channel the workforce of an organization to obtain higher employee efficiency.
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Key Takeaways from the Market Study:
“Human resources consulting to gain popularity in every industry vertical over the coming years,” says a Fact.MR analyst.
Market Development
The intensity of competition in the human resources consulting market is high with the presence of various established and new market players in the market. These market players are resorting to various organic & non-organic strategies to stay competitive in the market.
In March 2020, Willis Towers Watson was acquired by Aon Plc.
Additionally, market players are taking rigorous action to enhance their consumer base by focusing on various industry verticals. They are are focusing on improving their services with integration of advanced technologies such as cloud computing, artificial intelligence, and machine learning.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global human resources consulting market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of service (human capital strategy, compensation & benefits, organisational change, talent management, learning & development, HR function, HR analytics) and end-use industry (BFSI, consumer markets, energy & natural resources, government & public services, life science & healthcare, media & telecommunications, technology, others), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
Key Companies Profiled:
Accenture; Aon Hewitt; Automatic Data Processing, Inc.; Bain & Company; Boston Consulting Group; Capgemini; Deloitte; Ernst & Young; G. H. Smart & Company, LLC; Huron; Kaiser Associates; Kearney; Korn Ferry; KPMG; McKinsey & Company; Mercer; Milliman, Inc; Oliver Wyman; Paychex; PwC; Trinet
Industry News:
In March 2020, London-based global service provider of insurance, risk management, and human resource consulting, Aon Plc, acquired Willis Towers Watson (WTW), a U.K.-based risk management, insurance brokerage, and advisory company.
In February 2021, Washington DC-based human resource data analytics firm, DCI Consulting Group announced the acquisition of Milwaukee, Wisconsin-based HR Analytical Services.
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