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Procurement Market Intelligence Report

Human Resources Consulting
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Human Resources Consulting?

What is the average price of Human Resources Consulting?

This procurement report includes pricing information to help you purchase Human Resources Consulting. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Human Resources Consulting been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Human Resources Consulting yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Human Resources Consulting?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Human Resources Consulting with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase Human Resources Consulting?

The four largest HR consulting firms are estimated to generate less than 25.0% of total market revenue, indicating a low level of market share concentration. Due to the relatively low barriers to entry associated with consulting work, many small HR consulting firms have been able to enter the market. Therefore,... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Competition

How do you win and retain business? How long have you had your longest client?

What is your reputation among clients, and how have you developed it?

What is your reputation among your peers?

What do you consider to be best market practices in terms of switching providers?

What makes you stand out from the competition?

Value-Added Services

Does your firm specialize in HR consulting? Do you only provide HR consulting to specific clients?

Do you provide any value-added services? If so, what other services do you offer?

How will including value-added services impact pricing?

Are you looking to expand upon your service offerings during the next three years? How so?

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Key elements for every RFP

What should my Human Resources Consulting RFP include?

Project Budget

Buyers should specify their budget for human resources consulting services.

Buyers should list payment schedules.

Buyers should request detailed cost breakdowns for the services being requested.

Buyers can reference the Benchmark Price and Total Cost of Ownership sections of this report for assistance in creating a budget.

Selection Criteria

Buyers should evaluate vendors based on their methodology and the quality of their work plan.

Buyers should evaluate vendor qualifications, including individual consultants' qualifications and experience.

Buyers should consider references from previous clients to evaluate vendor reputation and customer service.

Buyers should also evaluate vendors based on cost.

For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should outline when proposals must be submitted.

Buyers should communicate to prospective suppliers when bid awards will be posted.

Buyers should state when the consulting services should begin.

Buyers should outline the length and terms of the contract and the cancellation policy.

Evaluate major factors to mitigate risk

How risky is the Human Resources Consulting supply chain?

The risk of input price shocks or discontinuity of service due to supply chain issues is low for HR consulting services. Suppliers in this market do not depend on critical inputs that could threaten the continuity of their operations. To provide services, HR consultants rely on computer hardware, software, commercial... Subscribe to learn more.

HIGH

MEDIUM

LOW