Outsourced Human Resources Services Industry Overview

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Industry Description

Companies that provide payroll, benefits administration, and/or other outsourced human resources services.

Industry Trends

Consolidation

Startup costs for a personnel agency are very low. Individual offices can be highly profitable, but consolidation is driven mainly by the opportunity for large agencies to develop national relationships with big customers. Some agencies expand by starting new offices in promising markets, but most prefer to buy existing independent offices with proven staff and an existing customer roster.

Industry Competitors

Industry Codes

Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Outsourced Human Resources Services maps to a number of NAICS codes including:

NAICS
NAICS Title
Human Resources Consulting Services
Temporary Help Services
Professional Employer Organizations

Related Industries

Industry Financials

Using the 2002 Census Bureau Economic Census, Hoover's has generated an industry financial summary for the Outsourced Human Resources Services industry.

Indicator
Total
NAICS Codes
4
Establishments
53,469
Sales, receipts or shipments ($1,000)
$158,460,170
Annual Payroll ($1,000)
$113,148,800
Paid Employees
4,686,508

Industry People



Industry Jobs

School of Rock - Teaneck.NJ
From TheLadders.com
F1000 Human Resources Solutions Provider - Montvale.NJ
From TheLadders.com
Fidelity Investments - Smithfield.RI
From Fidelity Investments

Industry News