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Human Resources & Benefits Administration in New Mexico

Author.Name IBISWorld United States Last Updated: April 2025 NAICS NM56111

Human Resources & Benefits Administration in New Mexico industry analysis

The Human Resources & Benefits Administration industry in New Mexico is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x% during the same period. Industry establishments increased an annualized x.x% to x,xxx locations. Industry employment has increased an annualized x.x% to x,xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to x,xxx locations. Industry employment is expected to increase an annualized x.x% to x,xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Human Resources & Benefits Administration in New Mexico Market Research Report

What’s Included in the Human Resources & Benefits Administration in New Mexico Market Research Report

Definition of the Human Resources & Benefits Administration in New Mexico?

This industry provides clients with various day-to-day office administrative services, such as assistance with financial planning, billing and record keeping, personnel, physical distribution and logistics. Companies also furnish general and specialized management services on a day-to-day basis and a contracted or fee-for-service basis.

What’s included in the Human Resources & Benefits Administration in New Mexico?

The Human Resources & Benefits Administration in New Mexico includes recruitment and onboarding services, administering payroll, organizing employee records, regulatory compliance services, health insurance and workers' compensation claims administration and succession and leadership planning services. Related terms covered in the Human Resources & Benefits Administration in New Mexico industry report includes a company that processes certain aspects of employee benefit plans for another party, the creation and management of employee benefits, a small enterprise that does not employ any personnel (i.e. a self-employed company owner) and an abbreviation for the set of services known as human resource management.

Industry Performance of the Human Resources & Benefits Administration industry in New Mexico

Benchmark the Human Resources & Benefits Administration in New Mexico industry performance with all NM county and national performance.

Human Resources & Benefits Administration in New Mexico

#42 in Highest Revenue 0.2% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Human Resources & Benefits Administration in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Human Resources & Benefits Administration industry in New Mexico

See how key industry drivers, such as new business formation, population, per capita disposable income, corporate profit, number of businesses and number of employees are impacting Human Resources & Benefits Administration in New Mexico

New Mexico Economic Indicators

New Business Formation
Population
Per Capita Disposable Income

View more economic information in NM State Economic profile

US Key External Drivers

Corporate profit
Number of businesses
Number of employees

For the full list of industry drivers, see report purchase options.

County Data of the Human Resources & Benefits Administration industry in New Mexico

Access proprietary data on county in the Human Resources & Benefits Administration in New Mexico, such as Bernalillo County, Eddy County and Santa Fe County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Human Resources & Benefits Administration industry in New Mexico

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Human Resources & Benefits Administration industry in New Mexico in 2025?

The market size of the Human Resources & Benefits Administration industry in New Mexico is $185.6m in 2025.

How many businesses are there in the Human Resources & Benefits Administration industry in New Mexico in 2025?

There are 1,607 businesses in the Human Resources & Benefits Administration industry in New Mexico, which has been growing at an average annual rate of 6.2% from 2020 to 2025.

Has the Human Resources & Benefits Administration industry in New Mexico grown or declined over the past 5 years?

The market size of the Human Resources & Benefits Administration industry in New Mexico has been growing at an average annual rate of 0.7% from 2020 to 2025.

How many employees in the Human Resources & Benefits Administration industry in New Mexico in 2025?

There are 1,735 employees in the Human Resources & Benefits Administration industry in New Mexico, which has been growing at an average annual rate of 4.7% from 2020 to 2025.