SOURCE: Kennedy Information, Inc.

July 19, 2005 17:02 ET

HR Consulting Market Buoyed by HR BPO Growth

Comprehensive HR BPO to Grow 25%

PETERBOROUGH, NH -- (MARKET WIRE) -- July 19, 2005 -- While the HR consulting market is expected to begin a slow climb toward a general recovery in 2006, the HR outsourcing market is forecast to outpace consulting, according to The HR Consulting and Outsourcing Markets: Key Data, Forecasts & Trends, a new report from Kennedy Information.

Kennedy Information's analysis shows that the $32.7 billion human resources business process outsourcing (HR BPO) market represents a large and growing opportunity. Within the HR BPO market, demand for comprehensive HR BPO services is taking off -- this segment, while still small, is expected to see 25% growth through 2008, according to the study.

The report also identifies specific pockets of consulting opportunity, especially for leading HR consultancies like Mercer Human Resource Consulting. According to Kennedy Information's analysis, Mercer Human Resource Consulting remains ranked as the world's largest HR consulting firm, and Hewitt Associates is the world's largest HR outsourcing provider.

"We believe our ability to offer comprehensive HR BPO services globally is a capability that differentiates us in this high-growth market," said Brian Storms, President and Chief Executive Officer of Mercer Human Resource Consulting. "HR departments in many companies around the world are under great expense control and staffing pressure. We can handle the operational tasks efficiently and effectively because we have invested so much in systems and procedures."

"HR BPO continues to set the pace for high growth and is gaining recognition from Fortune 500 Companies as an important business strategy," said Bryan Doyle, President of HR Outsourcing, Hewitt Associates. "HR BPO provides greater services at a lower cost, and as HR BPO evolves, we are seeing companies looking to partner with providers that have a complete HR solution. Hewitt is well positioned, as we have the most complete and flexible offer in the marketplace, integrating both HR outsourcing and consulting."

The HR Consulting and Outsourcing Markets: Key Data, Forecasts & Trends provides actionable intelligence for HR consulting practice leaders, including market sizing data, firm rankings, growth projections through 2008, opportunities by service line, changing global dynamics, and profiles and rankings of the top firms in HR Consulting and HR BPO.

About Kennedy Information, Inc.

Kennedy Information, Inc., the leading information source on management consulting since 1970, publishes The Global Consulting Marketplace, Benchmarks in Management Consulting, and other research reports; the analytical news services Consultants News, Global IT Services Report and Management Consultant International; as well as Consulting Magazine. It also produces annual conferences for thought leaders in consulting and powers the Web portal, www.ConsultingCentral.com.

Contact Information

  • CONTACT:
    Dan Daly
    Director
    Kennedy Information, Inc.
    800-531-0007 / +1-603-924-0900 ext. 628
    Email Contact