Celebrating National PEO Week 2024

As we celebrate National PEO Week, let’s take a moment to shine a light on the pivotal role these organizations play in empowering businesses and supporting their employees.

The PEO Industry: A Pillar of Support

With over 500 PEOs across the United States, this industry forms a robust backbone for small and mid-sized businesses. These entities offer a spectrum of services, from payroll management and tax remittance to risk consulting and compliance assistance. Moreover, they extend a lifeline to businesses by providing access to top-tier benefits such as health insurance, retirement plans, and more, typically only affordable by larger companies.

PEOs streamline operations for businesses by alleviating the burden of administrative and HR-related tasks. This allows entrepreneurs and executives to focus their energies on propelling their businesses forward, rather than getting bogged down in paperwork and compliance issues.

The Impact of PEOs: Empowering Businesses and Employees

The numbers speak volumes about the efficacy of PEOs in fostering business growth and employee well-being. More than 200,000 small and mid-sized businesses, employing 4.5 million individuals, have partnered with a PEO. Notably, around 17 percent of employers with 10 to 100 employees are PEO clients, highlighting the widespread adoption of this service.

Over the past 12 years, the PEO industry has witnessed exponential growth, a testament to its indispensable role in navigating the increasingly complex regulatory landscape. As regulations evolve, PEOs provide a steady hand, guiding businesses through the maze of local, state, and federal compliance requirements and ensuring adherence to employment-related laws.

National PEO Week: Recognizing Excellence and Advocating Change

National PEO Week, now an annual tradition, serves as a platform to celebrate the invaluable contributions of the PEO industry. Originally established in 2023, it has since garnered recognition in the federal Congressional Record, a testament to its significance. The timing of this week coincides with the National Association of PEO’s (NAPEO’s) annual PEO Capitol Summit, where industry leaders converge to advocate for policies that support small businesses.

This year’s National PEO Week aims to reach four key audiences: policymakers, small and mid-sized businesses, current PEO clients, and the general public. By raising awareness of the pivotal role played by PEOs, NAPEO seeks to foster a deeper understanding of their impact on businesses and the economy at large.

Looking Ahead: A Bright Future for PEOs

As we commemorate National PEO Week 2024, let’s reflect on the strides made by the PEO industry and the countless businesses and employees it supports. By empowering businesses to thrive and offering employees access to essential benefits, PEOs are catalysts for growth and prosperity. Moving forward, let’s continue to champion the vital work of PEOs and advocate for policies that nurture small businesses, the lifeblood of our economy.

At the forefront of PEOs, Landrum HR Solutions is dedicated to empowering businesses and supporting employees. With an unwavering commitment to excellence and a steadfast dedication to serving clients with integrity, Landrum HR Solutions embodies the essence of National PEO Week. Our personalized services and innovative solutions demonstrate the values celebrated during this week, as we continue to pave the way for small businesses to succeed in an ever-evolving landscape. As we commemorate the collective accomplishments of the PEO industry, let’s acknowledge and applaud the efforts of PEO organizations, together contributing to the advancement of small businesses and the well-being of their employees. PEO (Professional Employer Organization) Services | Landrum HR Solutions

Credit: https://www.napeo.org/