Top 10 Human Resource (HR) Consulting Firms In The World

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Top 10 Human Resource (HR) Consulting Firms In The World

The list are based on Forbes & Statista & Vault's rankings. Each year, Vault surveys thousands of consulting professionals. From results, Vault ranks the top consulting firms in prestige, quality of life and overall best to work for.

Mercer From the beginning, Mercer has been in the business of putting people's futures first. In 1945, William M. Mercer, Ltd began in Canada and grew to become a premier provider of actuarial and benefits consulting services. Acquired by Marsh & McLennan Companies in 1959 and merged with their own employee benefits department, the firm expanded through growth and acquisition to become a global leader in health, retirement, investments and talent. Today Mercer works with clients in 140 markets around the world to advance the health, wealth, and performance of their most vital asset: their people.

Mercer's more than 22,000 employees are based in 43 countries and the firm operates in over 130 countries.

Mercer has won a total of eight awards at the HR Vendors of the Year 2017, organized annually by the esteemed Human Resources magazine.

Gold Award

Best Employee Benefits Consultant, Mercer Singapore
Best Employee Engagement Consultant, Mercer Singapore
Best Remuneration Consultant, Mercer Malaysia
Best Employee Engagement Consultant, Mercer Malaysia

Silver Award

Best Remuneration Consultant, Mercer Singapore
Best Employee Insurance Provider, Mercer Singapore

Bronze Award

Best Compensation and Benefits Consultant, Mercer Hong Kong
Best Retirement & Pension Plan Provider, Mercer Hong Kong

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Deloitte Deloitte Consulting prides itself on being a "go-to" organization helping clients to solve some of the most complex, critical challenges from initial strategy design through implementation and ongoing operations. Its teams provide global experience and local knowledge enabled by world-class technology solutions to help clients focus on the big picture and succeed in public or private business environments.

Deloitte Consulting is organized into Service Areas and offerings, with three main practice areas: Human Capital, Strategy & Operations, and Technology including branded offerings: Deloitte Analytics and Deloitte Digital.

The Consulting Human Capital practice has been named a global leader-appearing furthest to the right of the Vanguard for "breadth of capabilities" in Leadership Development Consulting and been named a global leader in HR Transformation consulting by Kennedy Research. The practice specializes in implementing HR/talent solutions to solve key business challenges to help clients enhance their performance, productivity, and profitability. Services in this area include HR transformation, integrated talent solutions, learning strategy and transformation, global mobility, organization change, workforce and safety analytics, employment services for multinational organizations, actuarial and risk, and "total rewards," including benefits such as health care, retirement, and compensation.

The firm was recently ranked by Gartner, IDC as a leading consulting firm globally, and named a leader in business transformation consulting by Forrester.

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Accenture a pioneer of information technology in the 1950s, to defining what success loks like in the 21st century and beyond, Accenture has been a disruptive innovator for more than half a century.

Today, Accenture is helping the world's leading companies imagine the future and bring it to life. The firm has put innovation firmly at the core of their business model with what it has coined the Accenture Innovation Architecture, bringing together Accenture Research to identify market and technology trends, Accenture Ventures to invest in growth-stage companies,

Up next? Accelerating the pace of innovation. By the end of 2020, Accenture will open 10 new innovation hubs across the U.S - destinations where Accenture's people work side-by-side with their clients to idea, rapidly prototype and launch transformative ideas that help them to reimagine their futures and solve their biggest challenges. In these hubs - like the one recently opened in Houston Texas - Accenture's clients have hands-on access to digital and emerging technologies that have the power to transform business (think artificial intelligence, blockchain, robotics, drones with computer vision and virtual reality). Additionally, the company is investing $1.4 billion in training to ensure its people have leading-edge capabilities to serve its clients, while creating 15,000 highly skilled new jobs in the U.S.

Delivering on its commitment to innovation, and with a focus on "NEW" skills, Accenture invested more than US$941 million on training and professional development in fiscal 2016. The company defines NEW as the combination of digital-, cloud- and security-related services, all enabled by new and innovative technology. Accenture Connected Learning-a virtual campus of connected classrooms, more than 800 digital learning boards and thousands of online courses-supports learning anywhere, anytime, linking its people to professional content and world-class experts from inside and outside Accenture.

Additionally, the company has eliminated the annual ranking. Performance Achievement, the company's new approach to performance management, includes real-time, forward-looking conversations about setting priorities, growing strengths and creating opportunities tailored to each individual.

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Willis Towers Watson was created in 2015, following a merger between Willis Group and Towers Watson--itself a merger between Towers Perrin and Watson Wyatt Worldwide after years of direct competition between the two. Today, Willis Towers Watson is one of the world's largest HR and actuarial consulting firms, boasting over 40,000 employees and multiple offices on every continent but Antarctica. Its practices focus on human resources and risk and financial management.

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PricewaterhouseCoopers is the U.S. member firm of PwC, a global network of independent member firms. Today, the PwC network comprises more than 223,000 people in 157 countries and territories. This international group was created in 1998, with the merger of Price Waterhouse and Coopers & Lybrand, two accounting and professional services firms that date back to the mid-1800s. Both Price Waterhouse and Coopers & Lybrand began in London, and both grew their global presence both organically and through mergers.

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PwC is headquartered in New York and boasts 80 offices across the United States. In FY16, PwC firms provided services to 422 companies in the Fortune Global 500. While each member firm operates independently within its own geographic locale, there is a considerable amount of cooperation and networking between them, which enables the global network of firms to work as a global entity and on a local scale.

Given its sheer size and country coverage, not to mention the independent setup of its member firms, it should come as little surprise that the services PwC offers vary slightly within the global network of firms. However, all services do fall into one of three core PwC lines of service: tax, advisory and assurance.

The firm's offerings and expertise have expanded primarily by developing deep skills and top talent from within. That growth has been complemented by strategic acquisitions over the past several years, including Booz & Co, Diamond Management and Technology Consultants, PRTM, Ant's Eye View, BGT and Ray Group International, among others.

These acquisitions added deep experience in strategy, management and technology consulting to PwC's expanded breadth of services and capabilities. Most recently, on April 3, 2014 PwC announced the successful completion of its acquisition of Booz & Co, now going to market as PwC's Strategy&. This acquisition strengthens the firm's ability to help clients address their most complex imperatives from strategy through execution and build their capabilities on a global scale.

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McKinsey & Company is a privately-owned management consulting firm. Roundly considered to be the most prestigious company of its kind, it has achieved a level of renown so great as to be known even to laymen, despite a decades-long commitment to confidentiality that causes the firm to shroud details of its work-and its client list-in secrecy. In its practice areas, it addresses strategic, organizational, operational and technological issues, always with a focus-according to the firm-of doing what is right for the client's business, not what is best for McKinsey's bottom line. As for the range of those specialties, the list of industrial sectors the firm serves encompasses everything from commodities and natural resources to the worlds of media, entertainment and high tech. While it doesn't give up the names of its clients, the firm does claim to serve roughly 90 of the top-100 corporations worldwide and more than 80 of the 100 largest U.S.-based companies. On the public/social sector side, meanwhile, McKinsey has completed almost 4,000 projects for social-sector organizations (foundations and nonprofits), local, regional, national, and international governments and public-sector bodies over the last five years.

In addition to its regular consulting brief, the firm also regularly creates new initiatives that both utilize the unique capabilities the firm has at its disposal, as well as serving to bolster McKinsey's reputation for tackling the biggest problems around. One such example is the nonprofit organization Generation, which focuses on making a contribution to reducing the high rate of youth unemployment-some 75 million young people around the world are out of work and three times as many are underemployed. Generation works to help close the skills gap-identifying jobs and providing cutting-edge training, job placements, and support. Generation began as a program of the McKinsey Social Initiative, the firm's non-profit organization built to develop innovative approaches to complex social challenges.

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KPMG International operates as an international network of independent member firms, which includes KPMG LLP, the U.S. member firm of the Swiss cooperative. While the member firms that make up KPMG International might be independent of one another, their businesses are similarly organized around three service lines: audit, tax and advisory. And, within those service lines, the offerings from country to country are likely to be pretty consistent, too.

KPMG's roots date back to 1870, when accountant William Barclay Peat hung out his shingle in London. In 1911, his firm merged with New York-based Marwick Mitchell & Co., forming a business that later became known as Peat Marwick. Meanwhile, in Scotland, Glasgow accountancy Thomson McLintock partnered with Dutch and German accounting firms to create Klynveld Main Goerdeler (KMG), an alliance of independent practices operating throughout Europe.

The 1987 tie-up between KMG Main Hurdman and Peat Marwick Mitchell & Co. was considered the first megamerger of modern accounting, and the resulting entity, eventually named KPMG, organized its consulting activities into a separate business unit in 1997. Three years later, KPMG spun off KPMG Consulting with an initial public offering. The now-separate consulting business took over KPMG's consulting work for several companies, eventually changing its name to BearingPoint in October 2002. The bulk of BearingPoint's assets are now owned by Deloitte, which purchased them after the company filed for bankruptcy protection early in 2009.

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Korn Ferry Hay Group is a consulting firm that specializes in all things related to the workforce and organizational design. From compensation data and rewards strategy to strategic workforce planning, employee engagement and work design consulting, the company is a global powerhouse in its field.

The firm's history dates back to 1943, with the founding of Edward N. Hay & Associates, Management Consultants-the forerunner to the Hay Group. In 1969, Korn Ferry was founded as an executive search and recruitment firm, with the two firms joining forces in 2015 following Korn Ferry's $452 million buyout of the Hay Group. That move created, at a stroke, one of the world's largest HR consulting organizations.

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The name may sound local, but The Boston Consulting Group's reach-and expertise-is anything but. With over 14,000 employees in 85 offices in 48 countries, the firm ranks as one of America's Largest Private Companies, according to Forbesmagazine. Clients typically include many of the world's 500 largest companies, but BCG also counts midsized businesses, nonprofit organizations and government agencies in North and South America, Asia, Europe, the Middle East and Australia among its clients. The firm's consultants-who have included notables such as Indra Nooyi, CEO of Pepsi; Jeff Immelt, Former CEO of General Electric; Jim Koch, founder, CEO and Brewmaster of Boston Beer Company; Sally Blount, dean of the Kellogg School of Management and Grammy Award winner John Legend-are experts in a number of industries, including consumer goods, retail, financial services, industrial goods, social impact and nonprofit, energy, health care, insurance, technology, media, and telecom.

BCG was founded in 1963 by Bruce D. Henderson, a former Bible salesman and Harvard B-school dropout. Challenged by the CEO of The Boston Safe Deposit & Trust Company to form a consulting arm for the organization, Henderson responded with an aggressive strategy. While his first month's billings amounted to $500 and his office had a staff of just two by the end of his first year in business, Henderson's subsequent success is impossible to deny-and it was driven largely by expansion. In 1966, BCG became the first Western strategy consulting outfit in Japan, and a string of offices throughout Europe soon followed. By 1976, half of the firm's revenue was being generated outside the U.S.-a year after Henderson laid out a plan for employee stock ownership that saw the firm fully owned by BCGers in 1979. Such was Henderson's reputation within the business world that, following his death in 1992, no less a publication than the Financial Times wrote that "few people have had as much impact on international business in the second half of the twentieth century as the founder of The Boston Consulting Group."

In 1998, BCG established the Strategy Institute, a sort of consulting think tank set up to apply insights from a variety of disciplines to the strategic challenges facing both business and society. Among the concepts developed by the firm over the years are the experience curve (which charts improvements in efficiency as experience is amassed), time-based competition (an approach that recognizes speed as an essential component of success), disease management (an approach to patient care that takes a more systemic view of quality and costs than traditional approaches), richness versus reach (the trade-off inherent in the economics of information), trading up and trading down (consumer spending phenomena) and globality (the post-globalization era in which everyone from everywhere competes for everything).

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Before there was Aon Hewitt, there were two companies: Aon and Hewitt. The former was a leading provider of risk management and insurance services, while the latter was a specialist HR consulting outfit. When the former purchased the latter for around $4.9 billion in 2010, the Aon brand and business lived on, with one important addition: the subsidiary firm of Aon Hewitt, under whose aegis the firm's HR consulting operations are now grouped.

According to the firm's most recent annual report, the Aon Hewitt unit generates around one third of Aon's total revenue, and "works to maximize the value of clients' human resources spending, increase employee productivity, and improve employee performance. Our approach addresses a trend towards more diverse workforces (demographics, nationalities, cultures and work/lifestyle preferences) that require more choices and flexibility among employers - so that they can provide benefit options suited to individual needs."

The firm offers a range of consulting services including health and benefits; global benefits; retirement; investment consulting; compensation; talent and organization; communication; and M&A services.

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The Best Management Consulting Firms for 2017
Best Consulting Firms in Each Practice Area

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