Human resource consulting


The human resource consulting industry has emerged from management consulting and addresses human resource management tasks and decisions. HR Consultants can fill two typical roles Expert Resource Consultant Process/People consultant. These two roles are defined by Steele F., Kubr,M. ; Niedereicholz, Curnow-Reuvid and Kipping, K. and Clarck.
The Expert Resource Consultant suggests solutions based on expertise and experience and assists in the implementation. The role is very typical in information benchmarking and design consulting.
The Process/People consultant assists in searching for solutions with methods that facilitate and raise creativity of the client company so that they will be able to implement solutions themselves. The role is traditionally demonstrated by organizational development and change consulting.

Core fields in practice

The following are core fields around which most human resource consultancies are based:
Employee engagement: Measure employee engagement levels through surveys and interviews, define and improve performance in employee engagement and retention. While this area of HR consulting is necessarily broad, encapsulating total rewards strategy, employee performance management, leadership transformation, and organisation structure design, most companies do have very specialised independent practices.
Compensation: Design and manage compensation programs related to basic salary, bonuses, and stock plans. Evaluation of positions and building of salary structures, bonus plans and stock plans for clients are common. Specialisations are often based on employee types by assessing competitiveness and effectiveness of benefit plans, and cost-effectiveness and quality of vendors.
Actuarial and retirement: Provide actuarial and administration services to manage cost and effectiveness of retirement programs, including defined benefit and defined contribution plans.
Mergers and acquisitions: Conduct human capital due diligence, coordinate and administer cross-functional activities during execution, including payroll and Human resource management system technology. Align organizational cultures and work styles during post-merger integration.
Talent mobility: Provides the insight and execution for full international expatriates or local plus, from pre-move informative guide, to post-move expat management program.
Other services may also include legal counseling, global initiatives, investments consulting, and the implementation of human resource technologies to facilitate human capital management.

Companies in the field

Human resource consultancies vary in their ranges of services and sizes, with many consultants and academicians breaking off to form their own practices. In 2007, there were 950 human resource consultancies globally, constituting a USD $18.4 billion market.
As of 2015, Mercer, Towers Watson, Aon Hewitt, Hay Group, and Buck Consultants were referred to as the largest HR consulting firms. While the MBB and Big Fours may not have the largest HR Consulting practice, some of them are known to be among the best in this field. According to Vault.com, a website that provides career information by industry and by Fortune 1000 company, the top 10 HR Consulting Firms to work for in 2019 are as follows:
RankCompany
1Mercer LLC
2Willis Towers Watson
3Deloitte Consulting LLP
4Aon Hewitt
5McKinsey & Company
6Korn Ferry
7The Boston Consulting Group, Inc.
8Accenture
9PricewaterhouseCoopers Advisory Services LLC
10Bain & Company

Qualifications and certifications

Many human resource consultants have specialized qualifications or certifications, such as: