HR Consulting: An Emerging Market

HR Consulting is a major part of Management Consulting industry and encompass several functions. The entire segment deals with managing tasks and decisions related to human resources.  A HR Consultant may assume several roles within an organization, depending on the business requirements.

Major roles which are assumed by HR Consultants include the following:

  • Expert Resource Consultants: The Expert Resource Consultants work on the basis of their domain expertise, and lends experience to the client organizations. Expert resource consultants are also responsible for implementation of business processes within the organizations. Their roles are more appropriate in design based processes which are exclusively based on handling quality information.
  • The Process/People consultant assists in searching for solutions with methods that facilitate and raise creativity of the client company. The often implement solutions on their own in order to facilitate business processes. These people are usually change management professionals who look forward towards a specific objective related to organization development.

Human resource consulting firms in Malaysia normally takes care of the following processes:

  • Employee Engagement: HR Consulting firms undertake employee engagement programs which defines the level of employee utility in any business process
  • Compensation: Compensation designing and management is a core function of HR consulting firms which take into consideration relative cost aspects in managing human resources
  • Employee Benefits: This is again one of the major functional areas that require HR intervention. HR Consulting firms undertake policy formulation related to designing long term and short term benefits for the employees.
  • Actuarial and Retirement: Being one of the subsidiaries HR consultants take care of such processes in order to optimize role changing objectives.
  • Mergers and Acquisitions: are yet another aspect which are undertaken by HR firms involved in consulting services
  • Talent Mobility: Simultaneously, such firms undertake managing talents within an organization.

Other services may also include legal counselling, global initiatives, investments consulting, and the implementation of human resource technologies to facilitate human capital management.