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PEOs Rolling Through Rocky Economic Times

For Florida's professional employer organizations (PEOs), these are the worst of times - and the best of times. The faltering economy means many of the small firms the PEOs usually count on for

By Phil Galewitz | Updated on November 30, 2008

For Florida’s professional employer organizations (PEOs), these are the worst of times – and the best of times. The faltering economy means many of the small firms the PEOs usually count on for business are feeling the pinch and can’t afford to hire PEOs. But the poor economy is also motivating other businesses to give PEOs a try in an effort to cut costs.

“It’s really a mixed bag,” said Mark Perlberg, president and chief executive officer of Oasis Outsourcing, a PEO based in West Palm Beach. “You can definitely see the pain of the economy in our client base, where more than a usual number of customers are going out of business or not growing and hiring,” he said.

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