Resurgence of the PEO Market

The Professional Employment Organization industry has long been a cornerstone of Florida’s economy by offering employers an option to fulfill their staffing needs while assisting in other areas the employer may not have the resources to provide. Among other things, PEOs can provide workers’ compensation and health insurance programs at affordable rates, while also helping employers manage payrolls, institute safety programs, and comply with all state and federal regulations. By providing these services, PEOs allow employers to focus on their primary goal of growing a profitable business, which, in turn, provides new jobs and helps expand the state’s economy. Just how popular is the PEO industry? A survey conducted by the Florida Association of Professional Employment Organizations found that they provided more than 50,000 employers with nearly 700,000 work-site employees, representing a payroll in excess of $17 billion.

PEOs and Employers