Search
 

Florida PEOs Mind Their Own Business - Along With Their Clients - in Tough Times

Good news in today's economy is welcome in almost any form. Some days, just maintaining the status quo is a reason to cheer.

By Sharon K. Moorhead | Updated on February 28, 2010

Good news in today’s economy is welcome in almost any form. Some days, just maintaining the status quo is a reason to cheer. Reports on whether Professional Employer Organizations (PEOs) are “status quo” are mixed. While some industry experts cite increases in PEOs’ overall client base, along with a greater acceptance by businesses not traditionally PEO-friendly, they caution that many PEOs are signing up clients with far fewer employees than just a few years ago.

On the positive side — for PEOs and the economy in general — self-employment is on the rise as the recession drives workers to business innovations. Baby Boomer retirement problems are contributing to an increased interest in small business, and experts predict that Generation Y will continue to be more entrepreneurial than youth in recent generations. These factors, along with the low market penetration of PEOs overall, are creating a growth opportunity for PEOs throughout the country.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.