Human Resources Provision in the UK - Industry Research Report

Helping hand: Revenue rises even as technology threats loom, supported by helping with the transition to home working

The Human Resources (HR) Provision industry is a growing market, but intensifying price competition and bleak economic conditions have slowed business spending and limited revenue growth. Over the five years through 2023-24, revenue is slated to rise at a compound annual rate of 0.6% to reach £2 billion.

Human resources providers manage resources relating to employees. They complete tasks and duties for, and provide information to, client businesses relating to employees, payroll, employee tax contributions and other issues. However, they are not responsible for the management and supervision of employees. The provision of HR software is not included in the industry.

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.