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Employment Law Services


ProcurementIQ’s Employment Law Services procurement research is intended to help you save time and money in the initial research stages of the buying process. Our data and analysis explain the characteristics, pricing dynamics, supply chain risks and negotiation tactics of Employment Law Services to help your company negotiate strategically with suppliers. Our report insights also give your company the credibility to work with internal stakeholders and executives to better manage the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Employment Law Services - Recent Price Trend

During the three years to 2018, the price of employment law services has been rising at an estimated average annual rate of 2.1%, primarily due to rising demand for market services, which has allowed suppliers to raise their prices. Although the increase in service rates has undermined buyer power, low price volatility has provided buyers with some relief by limiting the risk of price swings,.

Employment Law Services - Total Cost of Ownership

The total cost of ownership for employment law services is considered low, amounting to less than 50.0% of the benchmark purchase price per year. Most law firms providing legal counsel pertinent to employment law do not charge any extra fees for their services on top of the agreed-upon hourly rates, maintaining buyers’ ability to budget accurately for the services.However, some suppliers charge.

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About this Report

This report is intended to assist buyers of employment law services. Employment law mainly focuses on governing the relationships between employees and employers, trade unions and the government. Employment lawyers ensure that businesses are in compliance with laws by reviewing employee manuals and contracts, advising businesses on employment issues and representing businesses in lawsuits. Pertinent issues concern employee wages, workplace regulations, family and medical leave issues, defamation, whistleblower protections, workplace hazards, wrongful termination, discrimination and harassment. This report does not cover employee benefits law, labor disputes or malpractice and negligence law services.    

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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