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Professional Employer Organizations in the US - Industry Market Research Report

  • 38 pages, published in April 2017
  • By Ibisworld
  • Report Number: 1174757

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For hire: As the labor market improves, demand for PEO services will increase

Professional Employer Organizations in the US

Steady growth in the number of small- to medium-size businesses (SMBs) has been the key driver of industry performance over the past five years. In addition, improving macroeconomic conditions have also spurred industry growth, with the number of businesses increasing and resulting in more job opportunities for Americans. The Professional Employer Organizations (PEO) industry is expected to experience consistent growth over the next five years, as small- to medium-size businesses continue to outsource administrative duties to PEO service providers. However, industry operators will continue to experience mounting competition from external industries, many of which provide similar services to business clients, albeit on a smaller scale.

Operators in this industry provide HR management and administration services through a coemployment relationship. Professional employer organizations (PEOs) are responsible for employee administration; they serve as the legal employer while employees work on-site for the client. PEOs pay wages and associated employment costs in exchange for a fee, which covers the expenses, plus a margin for services, including payroll, tax remittance and benefits administration.

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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