When exploring PEO solutions, two of the most important characteristics to look for are ESAC Accreditation and IRS Certification, or CPEO status. (Photo: Shutterstock)
With HR administration growing much more complex and associated costs increasing, more business owners and brokers are turning to professional employer organizations (PEOs).
A study from the National Association of Professional Employer Organizations (NAPEO) found that from 2008 to 2017 alone, the number of worksite employees (WSEs) employed by PEOs grew at a compounded annual rate of 8.3 percent. This percentage growth in the PEO industry is 14 times higher than that of employment in the United States economy as a whole.
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