Partnering with a professional employer organization (PEO) like Progressive Employer Management Company can give your small- to medium-sized business a needed boost. According to the National Association of Professional Employer Organizations (NAPEO), PEO clients grow up-to-9 percent faster, have 10 to 14 percent lower employee turnover, and are 50 percent less likely to go out of business.
Let’s talk about your bottom line. A recent NAPEO white paper on the value of PEOs suggests that PEO clients can benefit from a 35 percent savings on HR administration:
Evidence shows the number of workers employed by PEO clients has grown more quickly than comparison groups (U.S. small business employment as well as overall U.S. non-farm employment). This is consistent with the expectation that small business owners that use PEOs and are thus relieved of major administrative burdens associated with HR are better able to focus on their businesses, reflected in the higher employment growth rates for PEO clients relative to their competitors.
These benefits of partnering with a PEO add up quickly, according to NAPEO:
PEO clients have access to a broader array of HR-related benefits and services yet spend less on HR administration than peers. The greater availability of employer-sponsored retirement plans (and other employee benefits) helps businesses attract and retain their employees.
What services can PEMCO provide to your organization? Instead of your business having to fund an entire in-house HR department, you can turn to our experts for services including:
At PEMCO, we understand the challenges faced by small- to medium-sized businesses related to everyday business administration. Our team of experts can allow you to focus your time and resources on growing your business. Contact us today.