Forced by client demand for discernible project ROI and more actionable advice, the consulting profession's commonly styled approach to HR and strategy consulting work is undergoing radical realignment, according to the latest proprietary research from Kennedy Information, Inc., leading experts on the worldwide consulting profession. As human resources consultancies add HR outsourcing capabilities and strategy consultants adjust to increasingly ROI-savvy clients, these traditional consulting segments are confronting new, nontraditional competitive market forces.
Those are among the findings in two new reports, "The HR Consulting Market: Key Data, Forecasts & Trends" and "The Global Strategy Consulting Marketplace: Key Data, Forecasts, and Trends," which are the latest additions to Kennedy Information's "Service Line Series" of research.
Advances in HR technology and the HR consulting market's demand for outsourcing services have emboldened a slew of new competitors -- including BPO and IT outsourcing providers, financial services and publishing companies -- to go head-to-head with traditional HR consulting firms in an effort to claim their share of the growing market.
Similarly, strategy consulting clients' insistence on faster, more responsive strategy formulation processes is pitting traditional management consultancies against firms whose ROI expertise, project management acumen and implementation skills are upending the strategy consulting status quo.
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