HR Consulting in Canada - Industry Market Research Report

HR Consulting in Canada - Industry Market Research Report

  • December 2020 •
  • 47 pages •
  • Report ID: 4248845 •
  • Format: PDF
Open position: External competition will likely continue to rise due to industry acquisitions

Abstract

HR Consulting in Canada
The HR Consulting industry in Canada includes specialized operators that provide advice and general assistance to businesses and other organizations regarding the structure of human resources, personnel policies, employee benefits and compensation systems. HR consultants also help operators design and manage salary administration, recruitment and retention plans. Although top industry operators have strategically acquired several businesses, increased demand from new businesses and low barriers to entry have outpaced the performance of major players. Moreover, high and growing industry profit has added more incentive for small operators to enter the industry. Over the five years to 2024, the industry is expected to become increasingly stable as a rising number of businesses will likely create a platform for industry growth. However, the national unemployment rate is expected to rise, resulting in restrained growth and increased demand for competing 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.
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