The human resources industry is a critical part of the global economy. In 2022, it’s expected to generate $4 trillion in revenue with 2 billion people employed by this market and over 5 million jobs created around the world.

The “hr trends 2022” is a list of 12 human resources industry statistics for 2022. The list includes statistics like the number of employees in the United States, average salary, and more.

12 Human Resources Industry Statistics For 2022

Human resources statistics reveal that it is a growing business that is expected to expand even more in the next years.

Companies may also plan for the future by analyzing how large the industry is today and how big it will be in the future.

Employees are one of the most crucial aspects of any company, and the human resources department plays a vital role in this. On the one hand, it aids in the recruitment, screening, and training of job applicants. HR is also responsible for assigning employee benefit packages.

So, let’s learn about the HR industry’s statistics!

Statistics on the Human Resources Industry (Editor’s Pick)

  • In 2010, the worldwide human resources sector was valued at $356 billion.
  • In 2021, the HR sector in the United States will be valued $65.6 billion.
  • In 2020, the worldwide market for HR staffing services will be valued €213 billion.

12 Facts about the Human Resources Industry

1. The worldwide HR business is expected to be worth more than $356 billion in 2010.

The worldwide HR business was projected to be worth $356 billion in 2010. In addition, the global human resources business was predicted to increase at a 5% annual pace between 2010 and 2015. The sector was expected to be worth $454 billion by 2015.

MarketLine is the source of this information.

2. In 2020, the worldwide human resources management sector is expected to be worth $17.56 billion.

According to Grand View Research figures, the worldwide human resources industry is expected to be worth $17.56 billion in 2020. It is also predicted to expand due to the industry’s digitalization and automation.

Grand View Research is the source of this information.

3. The worldwide market for human resources management is estimated to reach $19.38 billion in 2021.

From $17.56 billion in 2020 to $19.38 billion in 2021, the sector is predicted to rise. This indicates that, despite the effects of the pandemic on worldwide enterprises, HR is still a developing market.

Grand View Research is the source of this information.

4. From 2021 to 2028, the HR management market is expected to increase at a compound annual growth rate of 12.2 percent.

The HR sector is predicted to increase at a 12.2 percent annual pace between 2021 and 2028. Because organizations are keeping personnel, successfully managing their resources, and recruiting the appropriate applicants, this growth is attainable.

Grand View Research is the source of this information.

12-Human-Resources-Industry-Statistics-For-2022

5. The human resources management business is expected to be worth $43.29 billion by 2028.

Between 2021 and 2028, the human resources business will increase at a rate of 12.2 percent per year, reaching a value of $43.29 billion. Furthermore, from 2020, when the market value was $17.56 billion, to 2028, the market value would more than quadruple.

Grand View Research is the source of this information.

6. The software segment of the HR management industry had a revenue share of 68 percent.

HR software will account for 68 percent of the HR market sales in 2020. This is due to the growing demand for HR solutions in businesses’ efforts to retain personnel.

Grand View Research is the source of this information.

7. Since 2016, the need for HR recruitment specialists has increased by 63 percent.

The need for hiring experts increased by 63 percent between 2016 and 2019. According to LinkedIn statistics from 2019, this is the case. In addition, the same LinkedIn survey predicted that the number will continue to rise in the future.

LinkedIn is the source of this information.

8. By 2025, the HR software industry is expected to be worth $30 billion.

The HR software industry is in its early stages of development. By 2025, it is expected to be worth $30 billion. Furthermore, by 2025, this represents a 9.4 percent increase.

Grand View Research is the source of this information.

9. The typical yearly compensation for an HR manager was $121,220 in May 2020.

Human resources managers earned a median annual pay of $121,220 in 2020, according to the US Bureau of Labor Statistics. Furthermore, between 2020 and 2030, employment of human resources managers is expected to expand by 9%.

Source: Bureau of Labor Statistics of the United States of America

10. The HR and benefits administration sector in the United States will be worth $65.6 billion in 2021.

According to IBIS World estimates, the HR and benefits administration sector in the United States will be worth $65.6 billion in 2021. Furthermore, the market was predicted to grow at a pace of 1.7 percent in 2021.

IBIS World is the source for this information.

1640255200_696_12-Human-Resources-Industry-Statistics-For-2022

11. The HR industry in the United States is the 169th biggest market in the country.

Human resources and benefits administration is placed 5th in the Administration, Business Support, and Waste Management Services sector in the United States. It has the 169th greatest market size in the United States as a result of its market size.

IBIS World is the source for this information.

12. The global market for personnel services is expected to be worth €213 billion in 2020.

In 2020, the worldwide staffing services market was valued €241 billion, down from €241 billion in 2019. In truth, it was valued €213 billion in 2020. The staffing services line accounted for more than half of the HR services market.

Statista is the source for this information.

The Final Word

Finally, data on the human resources sector include information on the market’s worth, the value of its services, and more. Even as the industry develops, there is always room for improvement. Companies can develop and understand what to concentrate on for better outcomes with the aid of HR data. Human resource management statistics may also provide information on the status of HR leadership and other topics.

Watch This Video-

The “hr trends 2022 mckinsey” is a report from the “Mckinsey & Company”. The report includes 12 Human Resources industry statistics for 2022.

Frequently Asked Questions

What should HR be focusing on in 2022?

A: In 2022, I would suggest HR to focus on their childrens education.

What will be the role of HR in 2025?

A: It is expected that HR will be a significant source of revenue for companies as well as most employees in 2025.

What should HR be focusing on in 2021?

A: HR should focus on how to best handle the potential 2020 and 2021 elections. If we are able to successfully avoid an impeachment, there is a massive amount of growth that can come with this period in our countrys history. We also need to consider what happens if Trump leaves office early or doesnt run for reelection at all? What will happen then?

  • current hr trends 2021
  • hr trends 2022 gartner
  • 2021 hr trends shrm
  • hr trends 2021 pdf
  • deloitte hr trends 2021
You May Also Like

3 VLOOKUP Limitations in Excel With Best Possible Solutions

One of the most commonly used formulas in Excel is the VLOOKUP…

How to Access Temporary Files in Windows 10

If you’re having trouble accessing your temporary files on Windows 10, it’s…

How to Install The Endzone Kodi Addon

Kodi is a free and open source media player software application that…

3 best VPNs for Stellaris to fix lag & reduce ping

This is a general question about the best VPNs for Stellaris. A…