STRONG UPWARD TREND IN LAST QUARTER
BY JOHN J. SLAVIC
Despite a lag to the gross domestic product (GDP), the PEO Employment Index revealed a strong upward trend in the last quarter, once again correlating positivity. The lag, in part, is explained by the difficulty businesses of all sizes, but especially small and mid-sized businesses, have in hiring new employees. There are several other economic indicators that are pointing to a slowing economy, which will eventually affect both the GDP and the PEO index.
Letter from the NAPEO President
BY PATRICK J. CLEARY
On the cover this month, you’ll see a smiling Mark Perlberg, vice president of PEO, Paychex, and president and CEO of Oasis, a Paychex® Company.
It is impossible to overstate the impact that Mark has had on this industry. He has led one of the largest PEOs for many years at Oasis, and now at Paychex. He was secretary-treasurer of NAPEO when I arrived, then ascended through the vice chair position to become chair in September 2012. During his years on the NAPEO Board of Directors, he was known as a smart, insightful, and reasoned voice throughout many tumultuous debates.