With more than 980 professional employer organizations currently operating in the U.S., PEOs provide services to between 156,000 and 180,000 small businesses nationwide — and that number is growing as the number of small businesses increases. The current size of the PEO industry is between $136 and $156 billion as measured in gross revenues, according to NAPEO, the national association for PEOs.
Why partner with a PEO?
Any broker looking for a competitive edge in their market can partner with a PEO to provide services beyond the traditional broker-model offerings. PEOs may offer strategic benefit and risk management consulting, payroll administration, and HR support, or any combination of these services.
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