Korn Ferry SWOT and PESTLE Analysis

ID : 521421853| Feb 2023| 21 pages

COMPANY PROFILE -Korn Ferry

Business Sector :Management Consulting

Operating Geography :United States, North America, Global

About Korn Ferry :

With its headquarters in Los Angeles, California, Korn Ferry is a multinational management consulting firm, which provides companies with optimal organization systems, support in hiring the best clients for the job and advise on how to reward and motivate their employees to deliver their best at work. Started in the year by Lester Korn and Richard Ferry, Korn Ferry has more than 8000 employees spread around more than 100 offices in 58 countries as of early 2023. They provide valuable services in these four sectors- Consulting, Executive Search, Recruitment Process Outsourcing and Professional Search. Korn Ferry takes on one of the most challenging aspects of corporate world- how to attract, identify, employ and retain some of the best talent found globally. Some of the awards they have won include Best Companies for Parents, Top RPO Provider, Top Company for Female Professionals, among many others. They have partnered with some of the leading companies of different sectors like Cleveland Clinic, Duke University, Microsoft Alliance, etc. where they advise on different strategies to improve leadership and forming sales tactics that help achieve great results.

The Unique Selling Proposition (USP) of Korn Ferry is their ability to offer their specialized expertise in over 50 different industries with a wide range of services. They help companies form strategies to that improves their organizational structures, develop rewards packages which attract the right professionals, design programs to assess their employees and hone the leaders of the future.

Korn Ferry Revenue :

US$ 2,643.45 million - FY ending 30th April 2022 (y-o-y growth -7.9%)
US$ 1,819.94 million - FY ending 30th April 2021

Competitive Analysis of Korn Ferry

SWOT

PESTLE

The SWOT analysis for Korn Ferry is presented below in a matrix followed by the detailed analysis report:

Strengths	Weaknesses
1. Technology and data driven modern solutions for the clients. 2. Wide range of solutions provided related to organization transformation and talent management. 3. Global presence across major cities in 53 countries. 4. Recognized as one of the top RPOs for the last 14 consecutive years. 5. One of the best workplaces in promoting equality and diversity.	1. Low Pricing power due to the presence of many competitors. 2. Decrease in the growth of revenues or fluctuations in growth over the past five years. 3. Certain agreements with clients can lead to loss of business to competitors.
Opportunities	Threats
1. Huge opportunity in terms of helping organizations to manage talent at the face of talent crunch in future. 2. Developing HR-based tech solutions to improve the solutions provided to clients. 3. To expand in the B2C market by providing advanced digital solutions.	1. Rise of covid-19 cases across the globe can affect the demand of services. 2. A recession in the economy leads to low demand for talents and can affect the services of the company. 3. Automation and technological advances in labor market can affect talent demand in the future. 4. Increased competition from large as well as boutique consulting firms can lead to loss in market share.

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Detailed SWOT Analysis of Korn Ferry

Strength

1. Wide range of solutions provided related to organization transformation and talent management: Korn Ferry is a management consulting company that provides solutions related to organization transformation and talent management and is a leading consulting firm in this domain. It has a global presence across 53 countries. The strength of the company lies in the diverse solutions provided to the clients. The core capabilities of the company lie in organizational strategy, talent assessment and succession, talent acquisition, leadership and professional development, total rewards etc. These are the core fields related to talent management and organizational transformation. Apart from the core capabilities, the firm also provides integrated solutions related to the core capabilities. These are workforce transformation; diversity, equity & inclusion; accelerating revenue growth; people cost optimization. The mixed solutions portfolio of integrated and core capabilities positions the company as a strong organization in the field of organizational strategy and talent management.

The remaining section under "Strength" is available only in the 'Complete Report' on purchase.

Weakness

This section is available only in the 'Complete Report' on purchase.

Opportunity

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Threat

This section is available only in the 'Complete Report' on purchase.

The PESTLE analysis for Korn Ferry is presented below in a table followed by the detailed analysis report:

Political	Economical
1. Ukraine- Russia war has caused many global businesses to halt their operations in Russia. 2. Many businesses are still uncertain about the impact of UK’s exit from the European Union under Brexit.	1. The risk of a global recession is rising according to many analysts.
Social	Technological
1. Employees are taking charge of their own careers and ‘gig’ economy is rising. 2. Many industries are going to face shortages of skilled labour forces. 3. Employees are preferring workplaces which promote diversity, equity and inclusion. 4. Large number of employees are quitting their jobs which is being termed as ‘the great resignation’.	1. Companies are using data and predictive analysis to measure the performance of their talents. 2. Technology enabled HR and recruitment services are helping companies survive disruption. 3. Digital transformation is becoming an important part of organizational transformation after covid-19.
Legal	Environmental
1. The role of worker unions is increasing at the workplace to protect the rights of workers. 2. Governments are bringing in major labour law reforms to protect rights of workers.	1. Environment green behaviour of employees can help in promoting sustainability of the organization. 2. Firms are adopting green HR initiatives to gain competitive advantages.

Sample Complete Report

This is the sample complete report which will give you a glimpse of what your complete report will cover after purchase.

Free Summary Report

This report contains the table contents only. In case you need the complete report please purchase using the buy options displayed.

* By clicking on "Buy Now" you agree to accept our "Terms and Conditions."

SWOT & PESTLE (combined)
Complete Report
USD 27

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PayPal

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Korn Ferry SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.

Detailed Pestle Analysis of Korn Ferry

Political

This section is available only in the 'Complete Report' on purchase.

Economic

This section is available only in the 'Complete Report' on purchase.

Social

1. Employees are taking charge of their own careers and ‘gig’ economy is rising: The gig economy became popular in the year 2008 when the financial crisis of the world pushed workers towards unemployment. A similar crisis in the world economy due to covid-19 saw the rise in the gig economy as more and more workers were forced to leave their jobs. Gig works are also being seen as a way to supplement the income capacity of an individual. The gig economy has experienced a growth of around 33% in the year 2020 due to the onset of covid-19. According to estimations around half of the population in the US will be involved in the gig economy by 2027. So, this is a major shift of the workforce from working for large companies to working for own self. With the rise in gig economy, the demand for the services of consulting firms for individuals would also increase. Talent consulting firms would move into B2C mode of business and would manage the gig workers directly. So, this will be a positive sign for Korn Ferry as it has already established a B2C platform for the individual consulting. It provides cutting edge technology solutions to the individuals. The company has a huge opportunity to grow in this segment in the future.

The remaining section under "Social" is available only in the 'Complete Report' on purchase.

Technological

This section is available only in the 'Complete Report' on purchase.

Legal

This section is available only in the 'Complete Report' on purchase.

Environmental

This section is available only in the 'Complete Report' on purchase.

Major Competitors :

Hedrick & Struggles
Egon Zehnder
Spencer Stuart
Deloitte
E&Y
KPMG
Mercer
Alexander Mann solutions

Major Brands :

Hay group
Lucas Associates, Inc.
Whitehead Mann
Miller Heiman Group inc.
Forum corporation

Sample Complete Report

This is the sample complete report which will give you a glimpse of what your complete report will cover after purchase.

Free Summary Report

This report contains the table contents only. In case you need the complete report please purchase using the buy options displayed.

* By clicking on "Buy Now" you agree to accept our "Terms and Conditions."

SWOT & PESTLE (combined)
Complete Report
USD 27

Debit/Credit card
PayPal

Great quality, Affordable pricing.

Safe and secure payments

Korn Ferry SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.

DELIVERY AND FORMAT

WHY CHOOSE US?

You may also be interested in other analyses of Korn Ferry:

Korn Ferry Porter's Five Forces Analysis
Korn Ferry VRIO Analysis
Korn Ferry Value Chain Analysis
Korn Ferry Covid-19 Impact Analysis
Korn Ferry BCG Analysis
Korn Ferry Segmentation, Targeting and Positioning (STP) Analysis
Korn Ferry Ansoff Matrix Analysis

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Korn Ferry SWOT and PESTLE Analysis

COMPANY PROFILE -Korn Ferry

Business Sector :Management Consulting

Operating Geography :United States, North America, Global

About Korn Ferry :

Korn Ferry Revenue :

Competitive Analysis of Korn Ferry

Detailed SWOT Analysis of Korn Ferry

Strength

Weakness

Opportunity

Threat

Detailed Pestle Analysis of Korn Ferry

Political

Economic

Social

Technological

Legal

Environmental

Major Competitors :

Major Brands :

TABLE OF CONTENTS

DELIVERY AND FORMAT

WHY CHOOSE US?

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