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Professional Employer Organizations in the US Product Image

Professional Employer Organizations in the US

  • Published: May 2014
  • Region: North America, United States
  • 10 Pages
  • First Research

Brief Excerpt from Industry Overview Chapter:

Companies in this industry provide outsourced human resources (HR) management services to client businesses. Major companies include Automatic Data Processing (ADP), Insperity, and Paychex, all of which are based in the US.

Operations similar to the businesses known as professional employer organizations (PEOs) in the US can be found under different names in other countries. In Germany and Sweden, for example, companies that operate similarly to PEOs are typically called employee leasing or pass through agencies. The UK has umbrella companies that act as the employer of record for independent businesses.

The US PEO industry includes about 4,000 companies with combined annual revenue of about $115 billion.

Unlike other providers of outsourced human resources services, PEOs serve as co-employers of their clients' employees. Personnel staffing agencies, which include temporary help and executive search services as well as PEOs, are covered in a separate industry profile.

COMPETITIVE LANDSCAPE

Demand is driven by corporate spending and job growth. The profitability of individual companies depends on READ MORE >

Industry Overview
Quarterly Industry Update
Business Challenges
Business Trends
Industry Opportunities
Call Preparation Questions
Financial Information
Industry Forecast
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