HR Consulting in Canada
Despite the economy's slow recovery and growth, the HR Consulting industry experienced strong growth over the five years to 2018. Such industry growth is the result of an increase in the number of businesses along with declining unemployment rates early on in the five-year period. Over the five years to 2018, industry revenue is anticipated to rise. Over the five years to 2023, the industry is expected to become increasingly stable as a rising number of businesses and increasing corporate profitability create a platform for industry growth. Furthermore, the national unemployment rate is expected to marginally rise, resulting in restraining growth and increasing demand for countercyclical services.
This industry provides advice and assistance to businesses and other organizations for structuring human resource and personnel policies, employee benefits, compensation systems, wage and salary administration, recruitment and retention. This industry does not include companies that provide professional and management development training or those that list employment vacancies and place applicants in employment.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.