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Human Resources & Benefits Administration in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Human Resources & Benefits Administration Market Research Report | NAICS 56111 | Nov 2012

Straight to the source: Industry to benefit from growth in business and employee numbers

IBISWorld’s Human Resources & Benefits Administration market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$59bn
Annual Growth 07-12
0.6%
Annual Growth 12-17
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Profit
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Employment
707,077
Businesses
239,687
Industry Analysis & Industry Trends

Businesses and employees increase

As the economy recovers, corporate profit will return, encouraging companies to outsource industry services. Employment levels will head back up too, bringing more employees into the workforce and requiring employee-related services. Players will continue to target small businesses that seek to focus on their core competencies and outsource administrative services... purchase to read more

Industry Report - Industry Products Chapter

Human resources administration

Human resources services covers a broad range of products and services and includes on-going supervisory education and training regarding risk management and employment laws, policies and procedures. This type of administration involves the handling of sensitive and complicated employment issues such as employee discipline, termination and wage and salary planning analysis. Industry players often provide comprehensive employee handbooks, including customized, site-specific materials concerning each worksite, to all worksite employees. In addition, service providers maintain employee records compliance with various state and federal laws and regulations to substantially reduce legal actions arising from lack of proper documentation... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Human Resources & Benefits Administration Industry?

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.

Industry Products
Human resources administrationEmployee benefits administrationRegulatory compliance administrationOther office administration
 
Industry Activities
Administrative and business management servicesExecutive management servicesHotel and motel management servicesManaging offices of dentistsManaging offices of physicians and surgeonsManaging offices of other professionals


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