HR consulting firms are vital to the success of many businesses. They help with various tasks including creating a training plan for new managers; providing support and guidance to employees with issues that are impacting their performance; and setting up an efficient payroll system. Moreover, they also assist companies in developing a company culture that is appealing to both management and employees. In addition, they can provide support in the event of a crisis like dealing with redundancies or handling workplace disputes.
HR is a growing market with a global revenue of $60 billion in 2021, according to a report by research firm MarketsandMarkets. The majority of the market is in North America, followed by Europe and Asia-Pacific.
In the UK, there are a number of HR consultancies. These are often geared towards small businesses and can help with a wide range of issues, including recruitment, employee relations, employee development, payroll, and health and safety monitoring. Many of these firms are fully independent and have a strong reputation. A great example is Peninsula, which has a 4.8 Trustpilot rating and was awarded the Feefo Gold Trusted award in 2019. Their HR Protect package is ideal for small businesses with 24-hour support available.
The global HR market is complex and ever-changing. It’s important for HR consultants to stay abreast of trends in the industry, as well as laws and regulations that affect them locally. This includes knowing which areas of the industry they excel in and what clients need from them. For example, a family-run hotel might need assistance with establishing their policies, while a technology services company may require guidance on the best way to recruit and train staff. hr consultancy London