
Professional Employer Organizations
Description
Brief Excerpt from Industry Overview Chapter:Companies in this industry provide outsourced human resources (HR) management services to client businesses. Major companies include Automatic Data Processing (ADP), Insperity, and Paychex, all of which are based in the US.COMPETITIVE LANDSCAPEDemand is driven by corporate spending and job growth. The profitability of individual companies depends on good marketing and efficient use of information technology. Large companies enjoy economies of scale in marketing and back-office operations. Small companies can compete successfully by specializing in an industry or a job function. The US industry is?concentrated: the 50 largest companies generate nearly 80% of industry revenue.PRODUCTS, OPERATIONS & TECHNOLOGYServices provided by PEOs include payroll processing, benefits administration, workers' compensation, unemployment claims management, insurance sourcing, recruitment/job placement, performance reviews and evaluations, and risk management.
Table of Contents
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Business Trends
- Industry Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Web Links and Acronyms
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