Navigation Links
Human Resources Consulting Procurement Research Report Now Available from IBISWorld
Date:12/2/2013

Los Angeles, CA (PRWEB) December 02, 2013

HR consulting services have a buyer power score of 3.8 out of 5. The higher the score, the better the negotiating conditions are for buyers. The score reflects a marginal increase in prices over the past five years. Supplier margins have risen since 2008, largely due to consolidation that occurred during the recession. Unfortunately for buyers, says IBISWorld analyst Kevin Culbert, increased margins are not expected to translate into greater buyer power in 2013 as prices rise. Demand is expected to rise in 2013 as the unemployment rate continues to decline and businesses increase their consumption of outsourced services as corporate profit rises. These trends will boost input costs, specifically labor, which represents the greatest input cost for HR consulting firms. Although HR consulting services are expected to get more expensive, prices will likely rise in moderation.

There is a considerable range in prices. Although a wide price range can increase a buyer's power at the negotiating table, it is important to note that price is not the primary factor for most buyers when choosing a supplier, continues Culbert. Other factors, including experience and brand name, are also considered. Furthermore, the cost of switching providers is moderate, especially when a buyer's management or accounting system uses a supplier's proprietary software. These factors ultimately limit a buyer's negotiating power. Another factor that will limit buyer's power going forward is the expectation of continued supplier consolidation over the next three years. During the past three years, two new giants emerged in the market after two separate acquisitions: Towers Watson and Aon Hewitt. The decline in the number of service suppliers, particularly large players, reduces the number of operators that large clients can turn to for HR consulting needs.

Prices vary based on the scope of a project, the type of work being completed for a client and the type of contract. Consultants use a variety of methods to calculate billing rates, and the needs, urgency and budget of a client play into these terms. For example, a consulting firm might need a team of consultants on a project rather than an individual. Similarly, prices are also sensitive to the size and organization of the client organization. For example, benefits and compensation consulting services are likely to be higher at a company with 500 employees and multiple levels of management compared to a company with a dozen employees sharing one manager. For more information, visit IBISWorld’s Human Resources Consulting procurement research report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld Procurement Report Key Topics

This report is intended to assist buyers of human resources (HR) consulting services. HR consultants provide advice and assistance across a variety of organizational matters, including communication, benefits and personnel issues. Specifically, HR consultants offer advice and assistance in one or more of the following areas: human resource and personnel policies, practices and procedures; employee benefits planning, communication and administration; compensation systems planning; and wage and salary administration.

Executive Summary
Pricing Environment
Price Fundamentals
Benchmark Price
Pricing Model
Price Drivers
Recent Price Trend
Price Forecast
Product Characteristics
Product Life Cycle
Total Cost of Ownership
Product Specialization
Substitute Goods
Regulation
Quality Control
Supply Chain & Vendors
Supply Chain Dynamics
Supply Chain Risk
Imports
Competitive Environment
Market Share Concentration
Vendor Financial Benchmarks
Switching Costs
Purchasing Process
Buying Basics
Buying Lead Time
Selection Process
Key RFP Elements
Negotiation Questions
Buyer Power Factors
Key Statistics

About IBISWorld Inc.
IBISWorld is one of the world's leading publishers of business intelligence, specializing in Industry research and Procurement research. Since 1971, IBISWorld has provided thoroughly researched, accurate and current business information. With an extensive online portfolio, valued for its depth and scope, IBISWorld’s procurement research reports equip clients with the insight necessary to make better purchasing decisions, faster. Headquartered in Los Angeles, IBISWorld Procurement serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2013/12/prweb11384008.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. HUMAN Healthy Markets Launch to Boost Employee Wellness & Productivity
2. Human neural stem cells could meet the clinical problem of critical limb ischemia
3. GHS Cancer Institute and USC School of Medicine Partner on Nation’s First Human Performance Lab to Tackle Cancer Fatigue
4. Research paves path for hybrid nano-materials that could replace human tissue or todays pills
5. HUMAN Ranks #7 on Los Angeles Business Journal’s “Fastest Growing Private Companies” List with Three-Year Sales Growth of 514%
6. 2 human proteins found to affect how jumping gene gets around
7. Diet Doc Hormone Diets & Weight Loss Plans Improve Human Heart Health With Prescription Hormone Diet Plans That Help Dieters Lose Weight Fast
8. What composes the human heart? U of T researchers crunch the numbers
9. Predicting human body height from DNA
10. The human health costs of losing natural systems: Quantifying Earths worth to public health
11. China Human Vaccine Industry Report, 2012-2015
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/17/2017)... ... August 17, 2017 , ... CareAcademy, ... that it has raised $1.675 M in seed funding to further expand its ... and Techstars Venture Capital Fund are the company’s primary investors. , ...
(Date:8/17/2017)... ... , ... Centrifugation is more than just spinning. Like a car in our ... do without. And just like a car, there are a few points to consider ... will learn about the most important safety aspects while using a centrifuge, as well ...
(Date:8/16/2017)... ... , ... The next Patient Care Academy at Kalamazoo Valley Community College begins ... the seven-week long Patient Care Academy are eligible to take the State of Michigan ... CNA in Kalamazoo is $24,428.* , As a CNA, one is equipped for employment ...
(Date:8/16/2017)... ... August 16, 2017 , ... The Data Council, the leading ... was acquired by Advantage Solutions. The Data Council’s IX-ONE platform is the ... industry’s leading suppliers, brokers, distributors and retailers. The Data Council will become a ...
(Date:8/16/2017)... ... August 16, 2017 , ... QualDerm Partners , ... development, today announced Cumberland Skin Surgery and Dermatology has joined the ... offices in both Hermitage and Lebanon, Tennessee, provides comprehensive general dermatology and skin ...
Breaking Medicine News(10 mins):
(Date:8/7/2017)... GAITHERSBURG, Md. , Aug. 7, 2017 /PRNewswire/ ... for healthcare member acquisition, retention, and engagement, announced ... Director of Strategy and Product Development, effective as ... strategic consulting and technology implementation strategy for our ... years of experience in consulting and business analytics ...
(Date:8/7/2017)... 7, 2017  Endo International plc (NASDAQ: ... resolve virtually all known U.S. mesh product liability claims ... the known remaining U.S. claims at reasonable values. Under ... the fourth quarter of 2017 and continuing through the ... quarter 2017 results, the Company intends to increase its ...
(Date:8/2/2017)... , Aug. 2, 2017 Fenita ... Who as a Pinnacle Lifetime Professional in the ... Account Manager at Turing Pharmaceuticals, AG. Her skills ... and relationship building.                ... than 25 years of experience as a highly ...
Breaking Medicine Technology: