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Human Resources & Benefits Administration in Canada - Industry Market Research Report

Publisher IBISWorld
Published Oct 20, 2024
Length 75 Pages
SKU # IBSS19341074

Description

Human Resources & Benefits Administration in Canada - Industry Market Research Report


Human Resources & Benefits Administration in Canada

The Human Resources and Benefits Administration industry in Canada provides a wide range of everyday office administrative services to Canadian businesses. Industry operators provide financial planning, billing and record keeping, personnel management, physical distribution and logistics on a day-to-day or contract basis. Since operators specialize in outsourced business management and employment-related services, industry performance is correlated with corporate profit, unemployment and the number of businesses operating within Canada. The industry has struggled with volatile corporate profit in recent years, which has forced businesses to reconsider paying for extra value-added services and high levels of competition that has forced industry players to exit the industry. Therefore, industry revenue has been declining over the past five years, falling at a CAGR of 5.7% and expected to reach $7.9 billion in 2023, when revenue is set to grow 0.2% as downstream industries expand and unemployment falls. Industry profit is expected to have fallen in recent years, having yet to fully recover from peak-pandemic lows.

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.

Table of Contents

75 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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