HR Benefits Consulting Seeing Increased Demand in Kennedy’s New Market
Sizing and Rankings Study
Short and long-term growth identified in Kennedy’s exclusive data, covering
the entire HR consulting market — and featuring a deeper dive into HR
KEENE, N.H. -- May 17, 2013
Kennedy Consulting Research & Advisory, the leader in market analysis on the
consulting profession, announces the launch of Human Resources Consulting
Market Index 2013: Quarter 1. Initial findings reveal that, although a great
deal of HR benefits work centers around reducing and mitigating corporate and
public sector risk in the defined benefits plans, legal changes in the
definitions of full- and part-time employees — as well as new rules concerning
executive and board compensation — have increased consulting management demand
in some of the HR benefits subsegments.
“Kennedy’s expectation is that, while certain regulatory changes will provide
a mainly short-lived boost, the general demographics trend of large labor and
skill mismatches — coupled with employee retention problems — will in fact
provide HR benefits consultants with new opportunities,” according to Lasse
Pitkaeniemi, Project Lead and Associate Director.
The new study quantifies the HR consulting market being driven by these and
other trends, and delivers crucial data each quarter, with particular
attention in Q1 to North American markets, HR Benefits, and a brief look at HR
consulting through a financial services industry lens.
The exclusive research provides current and forecasted growth through the
expert, trusted perspective of the Kennedy analyst team — and their findings
deliver the only data and market intelligence consulting providers need to
make more informed, strategic decisions around:
*Determining geographic presence
*Evaluating service emphasis
*Pursuing emerging growth opportunities
Pitkaeniemi continues, “Simply put, Kennedy’s market index studies provide the
numbers without the noise. Timely selections of HR market index studies are
slated for release every quarter this year, and offer an in-depth, uncluttered
look at current and forecasted growth in key service areas and HR consulting
In addition, Human Resources Consulting Market Index 2013: Quarter 1 includes
Kennedy’s must anticipated rankings and related growth rates of the 20 largest
consulting practices (by revenue and market share), including:
*Accenture; Aon Hewitt; Booz Allen Hamilton; Buck Consultants; CBIZ; DDI;
Deloitte; Ernst & Young; Gallagher Benefits Services; Hay Group; Hymans
Robertson; IBM; JLT Employee Benefits Group; KPMG; Lee Hecht Harrison;
Mercer; Milliman; Punter Southall; PwC; The Segal Company; and Towers
About Kennedy Consulting Research & Advisory
A Bloomberg BNA Business
Founded in 1970, Kennedy Consulting Research & Advisory provides accurate and
reliable market sizing and forecasts on consulting services world-wide,
needs-analysis and vendor profiling for buyers of consulting services, timely
and insightful intelligence on the top consulting firms in their respective
markets, and operational benchmarks that measure consulting performance.
Kennedy's research spans multiple service areas, client vertical industries,
and geographies. Our analysts provide expert commentary at consulting industry
events world-wide, and offer custom research for Management Consulting and IT
Kennedy's advisory services provide results-oriented strategic guidance to
buyers and sellers of consulting services.
Our clientele consists of Fortune 500 companies and the most highly regarded
professional services firms in the world, representing over 90% of the service
providers in consulting.
Kennedy’s parent company, Bloomberg BNA, a wholly-owned subsidiary of
Bloomberg L.P., is a leading source of legal, regulatory, and business
information for professionals.
More information is available for you at www.KennedyInfo.com/Consulting.
Kennedy Consulting Research & Advisory
Dan Houder, COO, +1-603-357-8200
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