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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:
StrengthsWeaknesses
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.
OpportunitiesThreats
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.
SWOT & PESTLE (combined)
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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

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

Threat

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

Major Competitors :

Major Brands :

  • Hay group
  • Lucas Associates, Inc.
  • Whitehead Mann
  • Miller Heiman Group inc.
  • Forum corporation
SWOT & PESTLE (combined)
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TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?

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Check Out Analysis of Other Relevant Companies

References used in Korn Ferry SWOT & PESTLE Analysis Report

1. Annual Report - https://www.ezodproxy.com/kornferry/2021/ar/images/Korn_Ferry-AR2021.pdf
2. Korn Ferry Russian Operations Suspension - https://www.kornferry.com/about-us/press/korn-ferry-russian-operations-suspension
3. Risk of recession in Europe, US and China is rising by the day - https://www.theguardian.com/business/2022/apr/28/risk-of-recession-in-europe-us-and-china-is-rising-by-the-day
4. HR Analytics – Taking HR above and beyond - https://timesofindia.indiatimes.com/blogs/relatable-technology-club/hr-analytics-taking-hr-above-and-beyond/
The detailed complete set of references are available on request in the 'Complete report' on purchase.

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Korn Ferry SWOT and PESTLE analysis has been conducted by Sushil Kumar Panda and reviewed by senior analysts from Barakaat Consulting.

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