Definition
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 research reports contain trend analysis, statistics, market size information, industry growth rates as well as market share of competitors.

Major market segments are identified and also those forces affecting demand and supply within the industry. Performance analysis includes emerging industry trends as well as recent results and performance of each key company. Drawing on the depth of information IBISWorld also provides 5 year forecasts for each industry.

Each comprehensive study also examines details such as the barriers to entry, operating cost structure, technology & systems and domestic & international markets. Tables and statistics include: Industry revenue, exports, imports, wages and number of companies in the industry, Industry growth and geographic regional data.

Each comprehensive study also examines details such as the barriers to entry, operating cost structure (including averages), technology & systems and domestic & international markets. Tables and statistics include: Industry revenue, exports, imports, wages and number of companies in the industry, Industry growth and geographic location.