By Julie Ahadi.
In a break to the norm, and to give ourselves a rest from barking on about digital, we thought it might be interesting to look at one of the major standout non-trends unearthed by our 2018 Australia Consulting Market report*: the flatlining and blink-and-you-may-miss-it performance of people (HR) firms. And it’s pretty dire.
Claiming just 1% of market share, it’s abundantly clear that traditional HR firms haven’t quite managed to acquire the agility needed to outmanoeuvre the Big Four and strategy firms—and anyone else with a killer instinct—to keep pace with the times and remain relevant.
Why? Well, both in Australia and around the world, HR consulting has seen relatively slow growth in recent years, as clients’ need for support in this area has...