Description

The IBISWorld Employee Leasing Services in the US market research report provides a definition of the industry; the key industry statistics including revenue, imports, exports, market demand and wage information; a description of market characteristics including market size, detailed import and export analysis and an overview of the competitive landscape; industry segment definitions with geographic spread and industry density; industry conditions; industry performance metrics; key competitors; a review of key industry factors including major controllable & uncontrollable influences on the industry; and an industry outlook with forecasts for the next 5 years. The report is available for purchase online, either the entire report or one or more of the report sections (see pricing below). Many operators in this industry are also known as professional employer organizations (or PEOs) who provide leased employees and payroll and benefit administrative services to their clients. Operators in this industry usually sign a Professional Services Agreement with clients which outlines the term of the contract and how the various employment-related liabilities and obligations are to be shared, with operators usually assuming responsibility for all the payroll obligations, with areas such as health, welfare and retirement benefits being optional additional services which can also be contracted to it, as well as all the associated administrative paperwork. The operator also issues checks usually drawn on the clients' bank accounts and receives an agreed professional services fee from clients. A leased employee is a worker who is essentially rented on a long-term basis from an agency that is responsible for employing the worker, paying the salary or wages and taxes and providing benefits for that employee. Under a typical agreement, an employer contracts with a leasing company and dismisses some or all of its employees who are hired by leasing company and then leased on a long term basis to the original employer. Most PEOs also provide human resources and human resource management services to staff client businesses. Establishments in this industry operate in a co-employment relationship with client businesses or organizations and are specialized in performing a wide range of human resource and personnel management duties, such as payroll accounting, payroll tax return preparation, benefits administration, recruiting and managing labor relations. Employee leasing establishment exercise varying degrees of decision making relating to their human resource or personnel management role, but do not have any management accountability for the work of their clients' operations with regard to strategic planning, output or profitability. IBISWorld is a leading strategic business information provider that offers comprehensive information on industries in Australia and the United States. Their industry data provides detailed analysis of key growth trends, the competitive environment and the key issues facing the industry.

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