10 Most Promising Human Capital Management Consultants - 2021
It's a time of accelerated turbulence for HR and HCM. We have witnessed a year of changes nobody could have predicted, and a rapid uptake of modern technology solutions to make engagement and care possible in a remote-working world. Human Capital Management (HCM) is the complete set of practices for recruiting, managing, developing and optimizing the human resources of an organization. With the competition getting tougher and the supply of talented industry-ready graduates decreasing, it is not surprising to see the increasing demand for capable HCM Consultants.
However, there are altercations which won't stop with the end of the pandemic, or with a return to the workplace. We've all learned we can accomplish our work just as well remotely as we can onsite and that means remote working should now be seen as part of the norm for HR which means re-imagining the way we approach every step from pre-hire to the end of an employee's time with the organization. One of the most significant sectors of change are likely to be learning and development. Several companies have already invested in tools that make training, upskilling, and re-skilling possible in a remote world.
While several companies underestimate and consider HCM consultants as only a service providing industry, the Indian HCM consultant market is estimated to hold a valued of 214 million US dollars by 2022 and it is estimated to grow at an impressive rate with a CAGR of 12.5 percent. There are few significant factors that has changed HCM consultants during the pandemic such as nearly 60% of employees want to work remote full-time after the pandemic, technology adoption and deployment is a priority as companies seek to unify dispersed, digital-first workforces and Two-thirds of employee's feedback is heard and acted on. Data will be the new currency and a core part of how HR operates will change in the coming years. Ensuring employees have the skills they need is a top priority among business leaders.
To highlight the importance of having on board a suitable HCM consultants, we at Consultants Review have come up with the list of `10 Most Promising Human Capital Management Consultants - 2021' listing. This carefully curated listing features some of the premier consultants that are operating in the HCM sector and this list has been put together after thorough inspection by industry experts, and analysts including Consultants Review's editorial board.