The firm publicly posts reviews from their clients, and provides detailed case studies to help potential clients determine whether their HR consulting services are right for them. Not only does this show that Cambria is committed to transparency, but a wide range of notable clients validate their expertise and authority within the HR services industry. Executive Assessment Services As an objective, data-driven HR consulting firm, Cambria provides a range of assessment services for company executives. Assessment services available from this top HR consultant include but are not limited to:
Human Resources Largely cyclical and fragmented, the Human Resources Industry encompasses a diverse group of companies providing a range of job-placement and workforce solutions to corporations in various markets. Although company-specific factors influence the operating performances of these service providers, macroeconomic and labor-market conditions also play an important role.
The competitive landscape can impact business fundamentals, too. Employment Data Keeping an eye on the national and global economies is crucial when contemplating an investment in the Human Resources Industry.
Economic conditions can significantly affect the fortune of a staffing firm. While there is a plethora of labor-market statistics that offers insight to the state of the industry, seasoned observers pay special attention to the unemployment rate.
It is important to note the correlation between unemployment and gross domestic product GDP in a business cycle, which can be best described as an inverse relationship. Whereas, in a business up-cycle, GDP is usually high and unemployment low, during a down-cycle, economic output is typically tepid and unemployment elevated.
This can be a signal to job-placement providers that the business cycle is approaching a peak, and that they need to be prepared for a possible slackening in service demand.
Conversely, very high unemployment may indicate a bottom, suggesting substantial future revenue potential. As would be expected, profit margins are fattest late in an economic upswing. Diversified Operations Staffers generate the bulk of their revenues and net profits from traditional employment services.
That is, temporary and permanent placements and project assignments, billed based on an hourly rate and fixed prices or fees, respectively. But many companies have also expanded the breadth of service offerings to include nontraditional workforce solutions, such as outsourcing and consulting, as a way to diversify the revenue stream and promote earnings growth.
Several companies have sought to provide noncore business services to complement their traditional job-placement offerings, and thus provide customers a comprehensive set of solutions. Noncore business services are marketed as a means for corporate clients to reduce their costs and improve efficiency, in accordance with changing dynamics in the economic environment.
Examples of these services include the outsourcing of various administrative, human-resource or information-technology functions, and consulting within such areas as benefits, compensation, internal auditing, and risk-management.
With globalization becoming increasingly popular in the business world, it is not unusual to see a personnel services provider widen its footprint on the international front.
Many firms in recent years have targeted emerging markets, where growth opportunities are vast. Although this strategy can help mitigate risk in the event that domestic economic activity slows, widespread weakness can hurt foreign operations, too.
Staffers with sizable international exposure are also subject to the vagaries of currency rates, which can take a toll on margins.
Those with a well-balanced mix of domestic and foreign business, however, tend to experience limited earnings volatility.
Expanding services to businesses that are resistant to adverse economic changes and are in high demand has become another common theme in the Human Resources Industry.HR has to analyze talent data, concluded Sarah Brennan, CEO of talent advisory firm Accelir and founder of the HR Tech Blog.
“I know this is a scary thing for HR to hear, but for too long HR has. The consulting industry has had some interesting developments within the past year. In analyzing events that have recently occurred, some trends are apparent.
Below is an examination of some key consulting trends that may bring. TriCore is a new-generation provider of comprehensive employment-related administrative services, including employee benefits management, payroll administration, HR information management, workforce management, applicant tracking and onboarding, and HR consulting.
Mindsight is a technology consulting firm that provides thoughtfully-crafted and thoroughly-vetted perspectives to its Chicago area . HR LOB Vision. The overall vision of the HR LOB is governmentwide, modern, cost-effective, standardized, and interoperable HR solutions providing common, core functionality to support the strategic management of human capital and addressing duplicative HR systems and processes across the federal government.
Plunkett Research, ® Ltd. Our Market Research = Your Smart Decisions. Consulting Business Trends Analysis, Business and Industry Trends Analysis Global consulting industry revenues (including HR, IT, strategy, operations, management and business advisory services) will be about $ billion in , according to Plunkett Research.