HR Consulting in Canada - Industry Market Research Report
Description
HR Consulting in Canada
Canada's HR Consulting industry found new opportunities amid COVID-19, which reshaped business operations and highlighted the need to strategically manage HR departments across sectors. While HR consultants' growth is typically cyclical, as they rely on new business formation and employment expansion, the economic downturn associated with the pandemic brought consultants' countercyclical value to light. Although post-pandemic returns to the office offset some of the booming growth experienced in 2020, revenue for Canada's HR Consulting industry has expanded at a CAGR of 0.4% over the past five years, reaching an estimated $3.9 billion in 2023.
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.
Canada's HR Consulting industry found new opportunities amid COVID-19, which reshaped business operations and highlighted the need to strategically manage HR departments across sectors. While HR consultants' growth is typically cyclical, as they rely on new business formation and employment expansion, the economic downturn associated with the pandemic brought consultants' countercyclical value to light. Although post-pandemic returns to the office offset some of the booming growth experienced in 2020, revenue for Canada's HR Consulting industry has expanded at a CAGR of 0.4% over the past five years, reaching an estimated $3.9 billion in 2023.
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.
Table of Contents
34 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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