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2025 U.S. Industry Statistics & Market Forecast - Human Resources Consulting Services
Market Size & Industry Statistics
The total U.S. industry market size for Human Resources Consulting Services:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Human Resources Consulting Services industry include:- Increasing reliance on technology and AI-driven solutions
- Remote work and flextime policies evolution
- Focus on employee well-being and mental health
- Diversity, equity, and inclusion (DEI) strategies becoming essential
- Growing demand for data analytics in HR decision-making
- Expansion of employee development and continuous learning programs
- Adapting to generational shifts in the workforce
- Compliance with evolving labor laws and regulations
- Integration of sustainability and corporate social responsibility into HR practices
- Increased use of outsourcing for HR functions
- Rise of gig and freelance workers
- Impact of global geopolitical situations on workforce management
- Enhanced focus on talent retention and engagement
- Investment in employer branding
- Adoption of agile HR practices
Product & Services Breakdown
Research products and services in the Human Resources Consulting Services industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Payroll Accounting Services |
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Strategic Management Consulting And Implementation Services |
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Financial Management Consulting And Implementation Services |
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Human Resources Management Consulting And Implementation Services |
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Compensation And Benefits Consulting Services |
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Other Human Resources Management Consulting Services |
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Actuarial Consulting Services, Excluding Employee Pensions And Other Benefits |
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All Other Receipts |
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All Other Operating Receipts |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Human Resources Consulting Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Human Resources Consulting Services industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Human Resources Consulting Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 16% | Order at top of page |
||
| Top Executives | 7% | |||
| Chief Executives | 0% | |||
| General and Operations Managers | 7% | |||
| General and Operations Managers | 7% | |||
| Business and Financial Operations Occupations | 34% | |||
| Business Operations Specialists | 30% | |||
| Management Analysts | 12% | |||
| Management Analysts | 12% | |||
| Market Research Analysts and Marketing Specialists | 5% | |||
| Market Research Analysts and Marketing Specialists | 5% | |||
| Computer and Mathematical Occupations | 10% | |||
| Computer Occupations | 9% | |||
| Sales and Related Occupations | 7% | |||
| Office and Administrative Support Occupations | 15% | |||
Human Resources Consulting Services Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Human Resources Consulting Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Human Resources Consulting Services industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Human Resources Consulting Services industry. |
Source:
Latest Industry News
- From rejection to reinvention: Some fresh graduates, retrenched workers find their way out despite sluggish job market - Despite low unemployment, the job market in Singapore remains highly competitive. Some graduates and retrenched mid-career workers have found success by embracing reskilling, career coaching and non-linear paths. (07/07/2025)
- Spotting Winners: Korn Ferry (NYSE:KFY) And Professional Staffing & HR Solutions Stocks In Q1 - As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at professional staffing & hr solutions stocks, (07/01/2025)
- HR Path Expands U.S. Footprint with Acquisition of ClearCourse Consulting - HR Path, a global leader in HR consulting and HRIS solutions, is pleased to announce the strategic acquisition of ClearCourse Consulting, a U.S.-based firm specializing in HCM consulting for platforms including Dayforce, (06/27/2025)
- Sandbox Consultancy Services welcomes Thushara Hettihamu as Head of People Solutions - Sandbox has announced the appointment of Thushara Hettihamu to its senior leadership team as Head of People Solutions, further strengthening its capability to deliver people-powered performance solutions across its consulting portfolio. (06/26/2025)
- Movers and shakers in HR: Asda, BBC, FSB, CIPD and more - Senior HR moves in early summer have included appointments at the BBC, Asda, the Federation of Small Businesses and the CIPD. (06/26/2025)
- How to Start an HR Consulting Company - Small Business - How to Start an HR Consulting Company. Human resources consulting companies provide a variety of services to assist businesses with different human resources functions. The Bureau of Labor ... (06/26/2025)
- 24 Companies That Are Great Places to Work in Chicago - All of these companies based in the Chicago metropolitan area made Inc.’s 2025 Best Workplaces list. (06/25/2025)
- How to Start a Consulting Business in 9 Steps - NerdWallet - Here's everything you need to know about how to start a consulting business, including how to find clients, pitch your services, and price competitively. (06/21/2025)
- Petersburg hires new human resources director while lawsuit from recently fired director remains unresolved - Richmond Times-Dispatch - She established Fair Frank Final Professional Services, which provides legal and human resources consulting services to clients in the public and private sector, including SunTrust Bank and the U ... (06/18/2025)
- Floating A Consulting Business - The consulting industry has come a long way since the emergence of modern firms in the 19th Century, evolving into a cornerstone of contemporary business (05/24/2025)
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