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New Economic Analysis Shows PEO Employment Growth Is 16 Times Higher Than The Rest Of The US Economy Since 2013

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ALEXANDRIA, Va., May 13, 2021 /PRNewswire/ — Employment growth in the professional employer organization (PEO) industry is 16 times higher than the growth rate in the U.S. economy overall since 2013, and the total employment represented by the PEO industry is the same as the combined number of employees for Walmart (U.S. only), Amazon, Kroger, and Home Depot, according to a new study released last week by the National Association of Professional Employer Organizations (NAPEO).

The study, by noted economists Laurie Bassi and Dan McMurrer of McBassi and Company, is the ninth in a series. Previous studies conducted by Bassi and McMurrer have shown that businesses in PEO arrangements grow 7-9 percent faster, have employee turnover that is 10-14 percent lower, and have a significantly higher rate of business survival than businesses that don’t use PEOs. Their other research has shown higher revenue growth, increased profitability, and higher employee…

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