According to a recent study, Professional Employer Organizations (PEOs) are experiencing employment growth 14 times higher than the growth rate in the overall U.S. economy. For example, the total employment represented by the PEO industry is the same as the combined number of employees who work at Walmart (U.S. only), Amazon, Google, Apple, IBM, FedEx, Starbucks, AT&T and Wells Fargo.
PEOs provide services like payroll processing, HR support, employee benefits, workers’ compensation insurance and regulatory compliance assistance and take on many employer responsibilities so business owners can focus on day-to-day operations and growth.
