Consultant

What is Consultant ?

A ‘Consultant’ is an individual in a particular topic and hence, is consulted by others when they require their expertise. When the duties of a consultant are performed by an organization, such a body is known as a ‘Consultancy Agency’.

Concerning companies, consultants could be either internal, employed by the company, or external, which are the third party hired from outside for the task. HR consultants are also available nowadays who are hired for completing some subset of HR responsibilities.

Other types of consultants include strategy consultants, marketing consultants, product research consultants, etc. As they are chosen for a specific function, consultants can provide the best possible options and solutions in the least amount of time, which makes them attractive for the organizations.

More HR Terms

Defined Benefit Plan

What is a Defined Benefit Plan?   A ‘Defined Benefit Plan’ is a pension plan in which a formula is used to determine the benefits

What is Salary?

Salary Definition A salary is a fixed amount of money paid regularly by an employer to an employee for the work they perform. It’s typically

TRACES

What is TRACES?   TRACES is the acronym of an online tax-based platform launched by the Indian government’s Central Board of Direct Taxes (CBDT). The

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