-
14%of Employers
with 20-499 employees use PEOs
-
233,000Businesses
utilize PEO services
-
2xFaster Growth
for businesses that use a PEO
About PEOs
- PEOs handle back-office administrative tasks that can bog down a business, allowing them to focus on their core mission, profitability and growth. They also give employees access to HR expertise and Fortune 500-level benefits at an affordable cost, improving employee retention and engagement.
- There are 502 PEOs in the U.S. that provide payroll, benefits, compliance assistance and other HR services more than 233,000 primarily small and mid-size businesses employing 5.4 million people.
- Businesses that use a PEO grow two times faster, have employee turnover that is 12 percent lower and are 50 percent less likely to go out of business than comparable businesses that do not use a PEO.
- The total employment represented by the PEO industry is more than three times the U.S. employment of Walmart or the worldwide employment of Amazon and is roughly equal to the combined employment of seven of the nation’s largest employers.
- 14 percent of all employers with 20 to 499 employees use a PEO.