Human Resources & Benefits Administration in the US - Industry Market Research Report

Human Resources & Benefits Administration in the US - Industry Market Research Report

  • March 2021 •
  • 36 pages •
  • Report ID: 199105 •
  • Format: PDF
Safe space: Revenue will likely be bolstered by a recovering economy and declining unemployment rate

Abstract

Human Resources & Benefits Administration in the US
Over the five years to 2019, the Human Resources and Benefits Administration industry has benefited from strong business sentiment, rising consumer spending and improvement in overall economic conditions have 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 five years to 2024. However, a rising unemployment rate will lead to slightly lower industry growth. Despite this trend, downstream customers are expected to continue outsourcing tasks not related to their core business so as to better compete in their respective markets.

This industry provides clients with a range of day-to-day office administrative services, such as assistance with financial planning, billing and record keeping, personnel, physical distribution and logistics. The industry also furnishes general and specialized management services on a day-to-day basis and a contracted or fee-for-services basis. Industry businesses do not provide clients with any actual operating staff 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.
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