The human resources (HR) sector is a cornerstone of the global economy, responsible for managing the workforce of organizations across various industries. It focuses on recruitment, employee development, compensation, benefits, and fostering workplace culture. HR also plays a key role in driving organizational growth, productivity, and employee well-being. In 2024, the global HR services market was valued at approximately $500 billion, contributing around 0.5% of global GDP, with over 100 million professionals employed worldwide in HR-related roles.

The HR sector is expected to grow at a CAGR of 7.2%, reaching $850 billion by 2030, driven by advancements in HR technology, remote work trends, and the increasing importance of employee experience and diversity. Leading players include the United States, home to numerous HR tech firms and large HR service providers; India, a global hub for outsourcing HR services; and the United Kingdom, known for its advanced HR practices and strong workforce management. The HR sector is integral to shaping competitive, thriving organizations.