PEO Market Share Growing
Posted by segacor on December 18, 2007
Despite having been around for decades, the idea of Professional Employer Organizations (PEOs) is still picking up steam. Per IDC analyst Lisa Rowan and long-time industry observer Carrie Aaron PEOs are gaining momentum among small and medium-sized companies.
They point out that whether you’re speaking with investors or current providers, those people already engaged in the PEO industry are consistently upbeat about the prospects for growth. One reason is the small business market opportunity is strong in the United States given its size and growth. Employment among small employers increased at a growth rate of nearly 12 percent from 1999 to 2006, according to the BLS. Small companies employ half of all workers in the U.S. private sector.
