SOURCE: Kennedy Consulting Research & Advisory

Kennedy Consulting Research & Advisory

May 01, 2012 10:50 ET

New Research Shows Rebound in HR Consulting Demand -- and a Bright Future Throughout Forecast Period

Kennedy Consulting Research & Advisory Details Key Factors Driving Increased Spending Across Major HR Consulting Segments

PETERBOROUGH, NH--(Marketwire - May 1, 2012) - Kennedy's broadest, most in-depth examination of HR consulting markets worldwide reveals how cost management and regulatory reform are driving a rise in spending related to HR Benefits consulting. Meanwhile, dramatic growth in the Human Capital Management space can be attributed to employers striving to realize optimal staffing levels, while planning for future demand and addressing the challenges associated with a multigenerational workforce. And, in HR Technology & Transformation, clients have sought more efficient structures and global footprint for the HR organization, as well as a greater use of technology, automation, reporting and analytics within their HR processes and services.

"Overall, the outlook is positive, and leading HR consulting service providers are responding by adjusting their business models to deliver more comprehensive solution offerings," says Erick Burchfield, Managing Director of Research at Kennedy. "HR consulting models are also accommodating by offering hybrid consulting and technology tools, such as HR health check audits using analytics and reporting to assess HR delivery performance against business goals."

Kennedy's analysis also shows that controlling rising healthcare costs remains a primary concern. Therefore, there is the opportunity for HR consultants to work with companies and government bodies to formulate new ways to provision and pay for health coverage. Conditions remain ripe for innovation. Clients also need assistance on navigating regulatory compliance requirements, adding another layer of consulting work that will stem from the market changes expected.

HR Consulting Marketplace identifies these and other trends impacting client demand for services, and rates the competitive positioning of today's leading HR consulting providers. Detailed findings include:

  • The HR CONSULTING PROVIDER LANDSCAPE featuring in-depth analysis of recent actions by leading players in the market and discusses the implications these moves have on the future of the market;
  • THE KENNEDY VANGUARD OF HR CONSULTING PROVIDERS features the strongest consultancies -- firms are assessed on relative breadth and depth of firms' capabilities within the overall service area;
  • PROFILES OF SELECT HR CONSULTING PRACTICES profiles HR consulting firms featured in this report.

Among the many firms featured and/or profiled in this study: Accenture, Aon Hewitt, Buck Consultants, Deloitte, E&Y, Hay Group, IBM, KPMG, Mercer, Milliman, NorthgateArinso, PwC, Segal Group/Sibson Consulting, Towers Watson, and more.

About Kennedy Consulting Research & Advisory
Since 1970, Kennedy Consulting Research & Advisory has been the world's leading source of market analysis on the Management and IT consulting industries, serving the most highly regarded professional services firms and Fortune 500 companies across the globe. Kennedy's consulting advisory unit provides results-oriented strategic guidance to buyers and sellers of consulting services. Kennedy's parent company, Bloomberg BNA, a wholly owned subsidiary of Bloomberg, is a leading source of legal, regulatory, and business information for professionals.

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