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The increasing use of data analytics and artificial intelligence (AI) is expected to drive the growth of the HR advisory services market during the forecast period, as per The Business Research Company’s HR advisory services market opportunities and strategies report.

The HR advisory services market is expected to grow from $148.6 billion in 2021 to $206.1 billion in 2026 at a rate of 6.8 %. The global HR advisory services market size is then expected to grow at a CAGR of 8.0% from 2026 and reach $302.8 billion in 2031.

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Major players in the HR advisory services market include Marsh & McLennan Companies, Inc., Willis, Towers Watson, Accenture, Aon Hewitt, McKinsey & Company.

HR decisions should be based on factual data to work out better results and increase the efficiency of employees. Documents like employees’ surveys have become a powerful tool to measure the pulse of an organization. With other key tasks lined up, it is difficult for the HR department to manage their time and perform everything efficiently without an HR consultant. Whereas, if an organization leverages HR consulting services from one of the top HR consulting firms, they can be worry-free about such tasks. The human resources consulting firms have an expert force of HR consultants, who can study and analyze the data to give insights for the betterment of the workforce.

The Global HR Advisory Services Market Is Segmented:
By Type: Compensation Consulting, Benefits Consulting, Actuarial Consulting, Strategic and Other Consulting

By Service: Integration and Deployment, Support and Maintenance, Training and Consulting

By End-User: IT Services, Manufacturing, Financial Services, Mining and Oil & Gas, Construction, Other Services, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global HR advisory services market.

TBRC’s HR Advisory Services Market Report Covers:

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The HR Advisory Services Market Report 2022 – Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides thorough HR advisory services market research, analyzes and forecasts HR advisory services market size, HR advisory services market share, HR advisory services market players, HR advisory services market trends, HR advisory services market segmentation and geographies, leading competitor revenues, profiles and market shares.

TBRC’s HR advisory services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

The HR advisory market consists of the sales of HR advisory services by entities (organizations, sole traders and partnerships) that provide advice on human capital matters and/or offerings revolving around the HR function. HR advisory services are generally used by two types of clients – those aiming to improve their HR function by redesigning HR processes and those undergoing transformations such as mergers and acquisitions to ensure the new human capital is trained. Only goods and services traded between entities or sold to end consumers are included.

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