Press release
Global HR Advisory Services Market Set for 4.27% Growth, Projected to Reach $191.9 Billion by 2029
HR Advisory Services Market
The global HR advisory services market was valued at approximately $155.73925 billion in 2024, increasing at a CAGR of 4.22% since 2019. The market is anticipated to rise from $155.73925 billion in 2024 to $191.94205 billion in 2029, reflecting a growth rate of 4.27%. From 2029 onward, it is forecast to expand at a CAGR of 5.17%, reaching $246.99733 billion in 2034.
🔍 Key Strategies Being Implemented by Leading HR Advisory Providers
Industry leaders are strengthening their presence through:
• Increasing business capabilities with innovative solution offerings
• Boosting operational performance through the launch of advanced HR products
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📈 Opportunities and Recommendations
To maximize market prospects, The Business Research Company recommends HR advisory organizations to focus on:
• Scaling AI-powered talent and workforce intelligence solutions
• Deploying integrated job-profiling technologies aligned with evolving talent demands
• Enhancing employee relations with AI-backed support tools
• Investing strategically to drive international expansion across HR advisory services
• Implementing integrated risk-diagnostic tools to strengthen workforce advisory services
• Delivering an upgraded unified global payroll system
• Leveraging AI-enabled communication and leadership development platforms
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📌 HR Advisory Services: Market Overview
HR advisory services consist of specialized consulting expertise that supports companies in optimizing HR practices. These services provide strategic direction in areas such as HR compliance, talent management, HR planning, and organizational development to ensure effective workforce operations.
HR advisory consultants collaborate with HR and Finance departments to strengthen employee welfare, covering workplace conditions, safety, social security, and benefits. They also support skill development, conflict resolution, and employee engagement to promote a productive working environment. Given the growing importance of efficient workforce management, HR advisory and outsourcing services are increasingly critical for retaining talent and improving HR performance.
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🏢 Leading Companies in the Global HR Advisory Services Market
The top 10 companies accounted for 6.68% of the total market in 2024, led by plc (0.89% share), followed by:
• Marsh & McLennan Companies Inc.
• Aon Hewitt
• Korn Ferry
• ManpowerGroup
• Ernst & Young Pvt. Ltd.
• Baker Tilly International
• Hays plc
• Willis Towers Watson plc
• PwC (PricewaterhouseCoopers)
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The Business Research Company (www.thebusinessresearchcompany.com) is a global market intelligence firm specializing in company, industry, and consumer insights. With 17,500+ reports across 27 industries and 60+ geographies, our research is powered by 1.5 million datasets, broad secondary research, and exclusive interviews with industry experts.
We deliver continuous and custom research solutions, offering tailored services like Market Entry Research, Competitor Tracking, Supplier & Distributor Intelligence, and more.
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