June 23 2015 / PEO News
ALEXANDRIA, Va., Greenwood, IN. "Our heartfelt thanks and appreciation go out to the key champions of this bill, Reps. Kevin Brady (R-TX) and Mike Thompson (D-CA), and Sens. Chuck Grassley (R-IA) and Bill Nelson (D-FL). They should be commended for their commitment to and support of small businesses nationwide."
Approximately 250,000 businesses use PEOs, and PEOs provide access to healthcare coverage for as many as six million people. Through a PEO, the employees of small businesses gain access to employee benefits such as 401(k) plans; health, dental, life, and other insurance; dependent care; and other benefits typically provided by large companies. According to a recent study, by noted economist Laurie Bassi, businesses in a PEO arrangement grow 7-9 percent faster, have 23-32 percent lower employee turnover, and are 50 percent less likely to go out of business than companies not using a PEO.
About NAPEOThe National Association of Professional Employer Organizations (NAPEO) represents about 85 percent of the industry's estimated $92 billion in gross revenues. NAPEO has some 300 PEO members, ranging from start-ups to large publicly held companies with years of success in the industry, as well as some 200 service provider members. PEOs provide payroll, benefits, and other HR services to small and mid-sized businesses. Approximately 250,000 businesses and more than 2.5 million people are part of PEO arrangements. For more information about NAPEO, please visit www.napeo.org.
SOURCE National Association of Professional Employer Organizations (NAPEO)
October 19 2015 / PEO Fundamentals
PEO, or a professional employer organization, provides a vast array of services that can be immensely beneficial to your business. A PEO can help your company evaluate its current situation in terms of payroll, workers compensation, employee benefits and general human resources compliance
October 12 2015 / PEO Definitions
Dealing with employee paperwork and administering payroll can be a challenging and stressful activity even for a seasoned entrepreneur or company’s leader. HR-related issues are amongst the largest problems a business can experience and can hinder your progress in term of growth and revenues.