Skip to product information
1 of 1

HR & Benefits Administration

HR & Benefits Administration

Regular price $1,500.00
Regular price Sale price $1,500.00
Sale Sold out

Executive summary

The Human Resources and Benefits Administration industry provides assistance with financial planning, billing and record keeping, personnel, physical distribution, and logistics. During the five-year period to 2022, the industry has benefited from growing corporate profit, strong business sentiment, and rising consumer spending, encouraging companies to outsource administrative duties. However, the emergence of the COVID-19 (coronavirus) pandemic in 2020 caused high unemployment, thus limiting demand for industry services. Despite pandemic-related declines, industry revenue has increased at an annualized rate of 3.8% to $ 87.3 billion over the five years to 2022. In 2021 revenue flourished as the economy recovered, this trend is poised to continue with industry revenue expected to grow 5.1% in 2022.
View full details

Each report includes:

industry revenue;

industry profit;

industry margin;

industry employment;

industry major players;

industry key external drivers;

industry product & structure segmentation;

industry key trends;

industry Life Cycle;

industry Geographic Breakdown;

industry Key Success Factors;

industry Key statistics for previous years;

forecast of industry Key statistics for the next 5 years;

Collapsible content

Reference Wordlist

High barriers to entry mean that new companies struggle to enter an industry, while low barriers mean it is easy for new companies to enter an industry.

Compares the amount of money spent on capital (plant, machinery and equipment) with that spent on labor. MYsland LLC uses the ratio of depreciation to wages as a proxy for capital intensity. High capital intensity is more than $ 0.333 of capital to $ 1 of labor; medium is $ 0.125 to $ 0.333 of capital to $ 1 of labor; low is less than $ 0.125 of capital for every $ 1 of labor.

The dollar figures in the Key Statistics table, including forecasts, are adjusted for inflation using the current year (i.e. year published) as the base year. This removes the impact of changes in the purchasing power of the dollar, leaving only the "real" growth or decline in industry metrics. The inflation adjustments in M-Ysland LLC`s reports are made using the US Bureau of Economic Analysis’ implicit GDP price deflator.

Spending on industry goods and services within the United States, regardless of their country of origin. It is derived by adding imports to industry revenue, and then subtracting exports.

The number of permanent, part-time, temporary and seasonal employees, working proprietors, partners, managers and executives within the industry.

Colloquial Terminology

The creation and management of employee benefits.

An abbreviation for the set of services known as human resource management.

A small enterprise that does not employ any personnel (i.e. a self-employed company owner).

A company that processes certain aspects of employee benefit plans for another party.


Over the five years to 2022, industry operators have experienced strong demand from small and midsize businesses. As corporate profit increased during the period, an increasing number of companies chose to focus on core activities and outsource unrelated functions. Moreover, changing healthcare regulations have increased the number of midsize businesses that offer coverage, advancing demand for benefits administration services.
Companies that fare best offer a variety of outsourcing services, including functions accounted for in other industries, such as the Tax Preparation Services industry (M-Ysland LLC report 54121d), the Accounting Services industry (54121c) and the Payroll and Bookkeeping Services industry (54121b). While this revenue is not relevant to the Human Resources and Benefits Administration industry, offering clients other services enables industry operators to be their one-stop-shop providers.
The industry is expected to continue its growth moving forward, with revenue increasing at an annualized rate of 1.4% to $ 93.4 billion over the five years to 2027. Revenue is expected to be bolstered by a rejuvenated economy and declining unemployment rate. Furthermore, downstream customers are expected to continue outsourcing tasks not related to their core business so as to better compete in their respective markets. This will likely be aided by rising corporate profit over the five years to 2027. Conversely, profit, measured as earnings before interest and taxes, is expected to decrease, reaching 10.2% of industry revenue in 2027.

We offer a wide range of reports at an affordable price and make it easy for customers to choose between packages that are tailored to their needs.

Get a comprehensive insight of the US market with these reports.

  • In-depth information on different industries and sectors, such as retail, education, and healthcare.

  • Explore opportunities to enter the US markets with these in-depth reports. Learn more about the market potential before you invest

  • Gives you insights of all aspects of the United States market, from retail to education to healthcare.

Online marketplace for business intelligence and market research reports. We offer a wide range of reports on various industries and countries to satisfy all your business needs.