Professional Employer Organizations Hail National Small Business Week PEOs Provide HR Solutions for America's Small Businesses
ALEXANDRIA, Va., June 20, 2013 /PRNewswire-USNewswire/ -- In recognition of National Small Business Week, the National Association of Professional Employer Organizations (NAPEO) today applauded the contributions of America's small businesses to the economic and community vitality of our nation, and highlighted the role professional employer organizations (PEOs) play in supporting small businesses. The week-long program of events around the country comes to a close tomorrow in Washington, D.C.
PEOs provide payroll, benefits, tax compliance, and other HR services to small and mid-size companies. Approximately 250,000 businesses use PEOs, and PEOs provide access to healthcare coverage for as many as six million people. Through a PEO, the employees of small businesses gain access to employee benefits such as 401(k) plans; health, dental, life, and other insurance; dependent care; and other benefits typically provided by large companies. According to a recent study, 40 percent of small businesses in PEO arrangements upgrade their total employee benefit offerings as a result.
"Every day, PEOs provide critical HR and compliance assistance to hundreds of thousands of small businesses across the country, freeing up time and resources so that they can focus on growing their companies and creating jobs," said NAPEO President and CEO Pat Cleary, noting that small businesses are responsible for 64 percent of job growth over the last 15 years and that more than half the workforce is employed in the small business sector. "To all those small business owners out there who are overwhelmed and worried about healthcare, payroll, workers' comp, taxes, and government compliance we say, 'Keep Calm and Call a PEO.'"
NAPEO recently launched a campaign to reach out to small business owners and educate them about the benefits of using a PEO. Centered around the "Keep Calm and Call a PEO" theme, the campaign includes a website to help business owners find a PEO (www.napeo.org/findapeo) and a series of online ads.
The National Association of Professional Employer Organizations (NAPEO) is The Voice of the PEO Industry™ and represents about 85 percent of the industry's estimated $92 billion in gross revenues. NAPEO has more than 300 PEO members ranging from start-ups to large publicly held companies with years of success in the industry, as well as some 200 service provider members. PEOs provide payroll, benefits, and other HR services to small and mid-sized businesses. Approximately 250,000 businesses and more than 2.5 million people are part of PEO arrangements. For more information about NAPEO, please visit www.napeo.org. You can also find us on Facebook and follow us on Twitter @NAPEO.
SOURCE National Association of Professional Employer Organizations (NAPEO)