How is the Industry Trending in the US?

The industry has experienced steady growth over the five years to 2019 as clients increasingly subcontracted back-office administrative activities to take advantage of strengthening economic conditions, enabling them to focus their efforts on core business functions. Additionally, the rising complexity of payroll and benefits payments and deductions has led businesses to increasingly outsource these functions to industry operators to ensure compliance.
Total Revenue in 2019

$81bn

Number of Businesses

305,060

Industry Employment

939,837

Annual Growth 2014-2019

4.9%

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