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Professional Employer Organizations in Illinois

Author.Name IBISWorld United States Last Updated: August 2025 NAICS IL56133

Professional Employer Organizations in Illinois industry analysis

The Professional Employer Organizations industry in Illinois is expected to decline an annualized -x.x% to $x.x billion over the five years to 2025, while the national industry will likely decline at -x.x% during the same period. Industry establishments decreased an annualized -x.x% to xxx locations. Industry employment has decreased an annualized -x.x% to x,xxx workers, while industry wages have decreased an annualized -x.x% to $x.x billion.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to xxx locations. Industry employment is expected to increase an annualized x.x% to x,xxx workers, while industry wages are forecast to increase x% to $x.x billion.

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About the Professional Employer Organizations in Illinois Market Research Report

What’s Included in the Professional Employer Organizations in Illinois Market Research Report

Definition of the Professional Employer Organizations in Illinois?

Companies in this industry provide human relations management and administration services through a co-employment relationship. Corporations pay professional employer organizations (PEOs) to administer their employee benefits. These include functions such as payroll, benefits, workers' compensation and training.

What’s included in the Professional Employer Organizations in Illinois?

The Professional Employer Organizations in Illinois includes payroll and hr-only peo services, staff training, performance management and comprehensive hr management services. Related terms covered in the Professional Employer Organizations in Illinois industry report includes an employment relationship where two or more companies share employer responsibilities with a common employee, a form of compensation that may be mandated by law (e.g. social security or unemployment insurance) or voluntary (e.g. life insurance or retirement), a term that is often used interchangeably to refer to peo companies, an organization that provides integrated services to business owners by outsourcing workers for human resources, employee benefits, payroll, workers' compensation and other services, to procure goods or services under contract with an outside supplier and a term that refers to employees who work for industry operators’ clients and are managed by professional employer organizations.

Industry Performance of the Professional Employer Organizations industry in Illinois

Benchmark the Professional Employer Organizations in Illinois industry performance with all IL county and national performance.

Professional Employer Organizations in Illinois

#10 in Highest Revenue 1.8% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Professional Employer Organizations in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Professional Employer Organizations industry in Illinois

See how key industry drivers, such as are impacting Professional Employer Organizations in Illinois

Illinois Economic Indicators

Population
Unemployment Rate

View more economic information in IL State Economic profile

US Key External Drivers

Number of employees
Number of businesses
Corporate profit

For the full list of industry drivers, see report purchase options.

County Data of the Professional Employer Organizations industry in Illinois

Access proprietary data on county in the Professional Employer Organizations in Illinois, such as Cook County, Dupage County and Winnebago County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Professional Employer Organizations industry in Illinois

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Professional Employer Organizations industry in Illinois in 2025?

The market size of the Professional Employer Organizations industry in Illinois is $3.5bn in 2025.

How many businesses are there in the Professional Employer Organizations industry in Illinois in 2025?

There are 259 businesses in the Professional Employer Organizations industry in Illinois, which has been declining at an average annual rate of -0.9% from 2020 to 2025.

Has the Professional Employer Organizations industry in Illinois grown or declined over the past 5 years?

The market size of the Professional Employer Organizations industry in Illinois has been declining at an average annual rate of -4.9% from 2020 to 2025.

How many employees in the Professional Employer Organizations industry in Illinois in 2025?

There are 44,181 employees in the Professional Employer Organizations industry in Illinois, which has been declining at an average annual rate of -0.3% from 2020 to 2025.