Global HR Advisory Services Market: Key Trends, Market Share, Growth Drivers, And Forecast For 2025-2034

The HR advisory services market report describes and explains the HR advisory services market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global HR advisory services market reached a value of nearly $155.74 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.22% since 2019. The market is expected to grow from $155.74 billion in 2024 to $193.42 billion in 2029 at a rate of 4.43%. The market is then expected to grow at a CAGR of 5.17% from 2029 and reach $248.90 billion in 2034.

What strategies are being adopted by key players in the HR advisory services market?
The key players in the market are adopting extensive strategies in the HR advisory services market such as:
• Expand operational capabilities through well-planned strategic acquisitions.
• Drive business growth by launching innovative and competitive new products.
• Focus on enhancing core competencies to improve overall market positioning.

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To take advantage of opportunities, The Business Research Company suggests that HR advisory services companies enhance offerings:
• Utilize AI-driven technologies to improve employee relations and streamline HR communication processes.
• Invest strategically to expand HR advisory operations across global markets.
• Develop and implement integrated global payroll solutions to ensure consistency and compliance worldwide.
• Focus on innovation in service delivery to meet evolving workforce and organizational needs.
What Is HR Advisory Services: Market Overview?
HR advisory services are specialized consulting services provided by experienced human resources professionals to help organizations manage and improve their HR functions. HR Advisory services involve providing expert guidance and strategic support to businesses in areas like HR policies, talent management and organizational development, aiming to enhance HR operations and effectiveness.
The market covered in this report includes HR advisory services by type such as compensation consulting, benefits consulting, data analytics, leadership development, coaching, assessment and selection, artificial intelligence (AI) advisory, candidate experience assessment services, general bespoke consulting, all others. The market covered in this report includes sales of HR advisory services provided to consumers into integration and deployment, support and maintenance and training and consulting. It covers sales of HR advisory services end-users such as IT services, manufacturing, financial services, mining and oil and gas, construction and others.

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Who Are The Major Companies Operating In The Global HR Advisory Services Market?
The top ten competitors in the market made up to 6.59% of the total market in 2023. Marsh & McLennan Companies Inc. was the largest competitor with a 0.87% share of the market, followed by:
• Accen*ture plc
• ManpowerGroup
• Korn Ferry
• Aon Hewitt
• Ernst & Young Pvt. Ltd.
• Baker Tilly International
• Hays plc
• Willis Towers Watson plc
• PwC (PricewaterhouseCoopers)

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