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The United States human resources (HR) market is a vast and complex landscape, encompassing a wide range of products, services, and solutions. It is estimated to be worth over $500 billion annually, and it is expected to grow at a compound annual growth rate (CAGR) of 5% from 2022 to 2027. This growth is being driven by a number of factors, including the increasing demand for HR professionals, the rising adoption of HR technology, and the growing complexity of HR regulations.
The United States government is a major procurer of human resources services, with an estimated annual expenditure of $21.6 billion. This investment supports a wide range of human resources activities, including recruitment, training, and compensation.
The United States government is committed to effective human capital management (HCM) practices. The Office of Personnel Management (OPM) is responsible for developing and implementing HCM policies and programs for the federal government.
The main HR products and services procured by the United States government include:
HR software
HR consulting services
HR training and development
HR staffing and recruiting
HR benefits administration
The top authorities for HR procurement in the United States include:
The General Services Administration (GSA)
The Department of Defense (DoD)
The Department of Veterans Affairs (VA)
The Department of Homeland Security (DHS)
The Department of Health and Human Services (HHS)
The top winners of HR procurement contracts in the United States include:
IBM
Oracle
Accenture
Deloitte
Ernst & Young
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