Since December 2004, employment at small businesses using a PEO has grown more than 7 percent than at small businesses overall, according to the Intuit Small Business Employment Index.
HAVE 23 to 32% LOWER EMPLOYEE TURNOVER
The average overall employee turnover rate in the Unites States was approximately 42 percent per year, based on 2012 data. It is 28 to 32 percent for companies that used PEOs for at least four quarters.
Businesses that use PEOs are approximately 50 percent less likely to fail (permanently go “out of business”) from one year to the next when compared to similar companies in the population as a whole. The overall business failure rate among private businesses in the United States as a whole is approximately 8 percent per year, based on 2012 data. It is approximately 4 percent per year for those companies that used PEOs for at least four quarters.