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Elizabeth Brown, Tiffany Helms, and Jenny Ray: Reid Johnson

The document discusses the history and future of HR consulting. It outlines that the first consulting firm, Arthur D. Little, was founded in 1886. Independent management consulting firms grew rapidly during the Great Depression. During the 1940s, the government hired many consultants. Consulting became more complex and specialized from the 1960s to the present. The document also summarizes the top HR consulting firms, their services, specialties, and presence in South Carolina. It concludes by noting mixed outlooks for the consulting industry due to the recession but also potential long-term growth.

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49 views19 pages

Elizabeth Brown, Tiffany Helms, and Jenny Ray: Reid Johnson

The document discusses the history and future of HR consulting. It outlines that the first consulting firm, Arthur D. Little, was founded in 1886. Independent management consulting firms grew rapidly during the Great Depression. During the 1940s, the government hired many consultants. Consulting became more complex and specialized from the 1960s to the present. The document also summarizes the top HR consulting firms, their services, specialties, and presence in South Carolina. It concludes by noting mixed outlooks for the consulting industry due to the recession but also potential long-term growth.

Uploaded by

sangavi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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HRD 870

Elizabeth Brown, Tiffany Helms, Reid Johnson,


and Jenny Ray
 The History of Consulting
 HR Consulting Firms
 HR Consulting Specialties
 The Future of Consulting
Arthur D. Little, first consulting firm founded in 1886.

1886
Independent management consulting firms
experienced rapid growth during the Great
Depression.

1886 1930’s
The Federal Government hires a large number of
consultants to streamline civilian production and
reorganize the military.

1886 1930’s 1940’s


“The American Challenge”

1960’s &
1886 1930’s 1940’s
1970’s
Consulting becomes more complex and specialized.

1960’s & 1886 -


1886 1930’s 1940’s
1970’s Present
1) Top Human Resource Firms:
 Workforce Management’s “The Hot List”
 Listing of the Top Human Resource Consultants based on revenue.
 List has remained pretty constant over past 4 years
2) Local Presence in South Carolina

 Four of the eight firms in the 2010 “Hot List” have offices in SC
 Aon, Deloitte, and Mercer have offices located in Greenville.
 PricewaterhouseCoopers has an office located in Spartanburg.
3) Services provided globally
 All companies represented in “The Hot List” provide services
globally.
 The number of full-time HR consultants on staff with these
companies range from 905 (The Segal Co.) to 11,300 (Deloitte).
Expertise
2.Sourcing, Screening, Interviewing
3.Pre- and Post offer testing
4.Training
Expertise
2.Reduction in workforce
3.Mergers and Acquisitions
4.Business closure
Expertise
2.Pay plans and Grading Systems
3.Completing market assessments
4.Bonus and Incentive programs
Expertise
2.Benefits shopping
3.Writing benefit plans
4.Wellness plans
5.Retirement plans
Expertise
2.Organizational development
3.Leadership development
4.Coaching
5.Performance improvement
Expertise
2.Union campaigns and
negotiations
3.Risk assessments
Other HR Consulting Specialties
2.Technology and Systems
3.Strategy and Planning
4.Policies and Procedures
5.Health and Safety
6.Compliance
 May 2009 – Zacks Investment Researchers had a negative
outlook for the business consulting industry due to the
recession
 Prospective clients may delay decisions on whether or not
to retain a consultant.
 Existing clients may find that they can get by without the
support of a consultant.
 Slow customer growth due to tightened budgets.

 Plunkett Research, Ltd. predicts growth in global


consulting industry revenues
 2010 revenue is estimated to be ~$345 billion.

 11.2% greater than 2009 ($310 billion)

 4.5 % greater than 2008 ($330 billion)

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