Industry Statistics and Educational Information About PEO’s
Businesses that outsource their HR responsibilities to a PEO
Are 50% Less likely to go out of business
Grow 7-9% Faster On Average
Have 10-14% Lower employee turnover
What is a PEO?
A Professional Employer Organization (PEO) provides integrated services to effectively manage critical human resource responsibilities and employer risks for small and medium sized businesses including:
Benefits
Payroll
Tax Administration
Workers Comp’
Liability Coverage
Compliance
Technology
The PEO relationship involves a contractual allocation and sharing of employer responsibilities between the PEO and the client.
This shared employment relationship is called co-employment.