The National Association of Professional Employer Organizations (NAPEO) released their annual White Paper Series this month to dive deeper into the status of professional employer organizations (PEOs). NAPEO provided a summary of the current state of PEOs after 2020; though the past year presented many obstacles, PEOs fared better than most industries during the pandemic. Research and statistics from NAPEO’s previous white papers show that PEO clients enjoy, “a better chance of survival, higher growth rates, lower employee turnover, higher employee satisfaction and they fared better during the COVID-19 pandemic.” These numbers are no surprise given that PEOs alleviate most internal headaches for small and mid-sized businesses through their HR expertise. The number of worksite employees (WSEs) continued to go up in 2020 as PEOs employed 3.97 million WSEs in 2020. This massive amount represents, “13.7 percent of all employment by private sector employers that have 10 to 99 emp...
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