Human Resources & Benefits Administration in the US
The Human Resources and Benefits Administration industry provides a wide range of everyday office administrative services to businesses in the United States. Over the past five years, the industry has performed well as rebounding business sentiment, rising consumer spending and improvement in overall economic conditions encouraged companies to outsource administrative duties. Additionally, the rising number of businesses has increased the potential number of customers for operators. The industry is expected to continue performing well over the next five years to 2022. However, as growth for corporate profit and the number of businesses slows after postrecessionary booms, this will lead to slightly lower industry growth.
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 contracted 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.