Human Resources & Benefits Administration in Canada
The Human Resources and Benefits Administration industry in Canada has declined over the five years to 2017 due external competition and technological innovation, which have made it easier for companies to perform HR services in-house instead of outsourcing to industry operators. Over the five years to 2022, the industry is expected to turn a corner. Steady, consistent growth in corporate profit is expected to drive demand for outsourced HR services from businesses.
This industry provides a range of day-to-day office administrative services to clients, such as assistance with financial planning, billing and record keeping, personnel, physical distribution and logistics. This industry also furnishes general or specialized management services on a day-to-day basis and on a contract or fee-for-services basis. These businesses do not provide any actual operating staff to clients to carry out management or operational activities.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.