Human resource (HR) consulting, also referred to as human capital advisory or HRM consulting, spans advisory and implementation activities related to the management of an organization’s human capital and the HR function. The scope of services range from overarching work on human capital strategy to the design and deployment of a compensation & benefits framework down to the transformation of the HR function.
The market for human resource consulting services consists of eight main disciplines: Human Capital Strategy, Compensation & Benefits, Organizational Change, HR Function, Talent Management, HR Analytics, Learning & Development and HR Technology.
Human capital strategy includes a variety of strategic work in the HR domain, such as defining a corporate culture, organization design, setting up a people strategy that supports key pillars in the business, as well as the design of HR-related strategies in the area of among others diversity, recruitment and talent management. Compensation & benefits, a segment also known as total rewards, looks at all aspects of employee compensation and benefits, from base and variable pay to bonus schemes and other secondary benefits, across the entire organization from board level to employees on the work floor. The discipline also includes pensions retirement consulting, and advisory services tied to health and welfare.