The new research -- by noted economists Laurie Bassi and Dan McMurrer of McBassi and Company -- compared how PEO clients have fared compared to non-clients from early 2020 through July 2021 across a range of different measures in regard to business operations, changes in employment and success in accessing major government support programs. It showed that businesses that use a PEO:
- It showed that businesses that use a PEO:
Are 58 percent less likely to have permanently closed.
- Are 32 percent less likely to have seen a negative overall effect on business from the pandemic.
- "This study confirms that PEOs are the unsung heroes of the pandemic because they helped small and mid-sized businesses not only survive but thrive during the pandemic.
- NAPEO has some 250 PEO members that provide payroll, benefits, compliance assistance, and other HR services to 173,000 businesses employing 4 million people.