PEO7 -  National Employee Leasing Network

Eliminates workers compensation liabilities and simplifies HR responsibilities.

View All Newsletters

Use of PEOs increasing

The use is of professional employer organizations is on the rise. According to a report released by IDC, small employers are increasingly turning to PEOs to manage their HR functions after a decline in 2003. Lisa Rowan, program manager for HR and talent management services for IDC, pointed out that last year marked a turnaround point for this market segment, in part because of a strong economy, low unemployment, and an explosion in small-business growth.

“PEOs had declined in 2003 but made a 35-percent swing back (in 2006). They seem to be alive and well and kicking,” she said, noting that nearly five percent of all small businesses in the U.S. are covered by PEOs.

One reason for its recent strong growth was the rise in the number of employees at small businesses. Rowan pointed out that between 1999 and 2004, their ranks swelled 8.4 percent, pushing up the need for outsourced HR services for these organizations. And with this increase, many of those new companies also chose not to administer HR services on their own, instead opting for the services of PEOs and other providers. To find a PEO, Please fill out this form www.PEO7.com/form




 


View All Newsletters

PEO7.com 23945 Calabasas Rd. Suite 106, Calabasas, CA 91302 818-222-4572 cs@peo7.com
SiteMap | Home | Exploring the Possibilities | What is Employee Leasing | Why use a Peo | Free Advice | Benefits to Employees
Responsibilities of PEO | Benefit Package | HR Management | Pre-Employment Screening | The Issue of Control
Future of PEO | Request For Proposal (RFP) Contact Us | Peo Resources | Terms of Service | FAQ