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Office Services in the US
IBISWorld, Jan 2012, Pages: 33
Working together: Demand will rebound as corporate profit and employment levels recover
Office Services in the US
Outside job
Despite plunging employment rates, the industry has remained relatively stable over the last five years. Revenue will improve steadily, as the unemployment rate decreases marginally and corporate profit rises in accordance with the economic recovery. Moreover, growth in small businesses will benefit industry operators, since these companies are the primary clients of professional employer organizations (PEOs). Still, competition from other industries that outsource similar services will continue to threaten operators.
This industry provides HR management and administration services through a co-employment relationship. Professional employer organizations (PEOs) are responsible for employee administration, serving as the legal employer while employees work for the client at the client's premises. PEOs pay wages and associated employment costs in exchange for a fee, which covers the costs 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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