PEO Blog

Southeastern Companies, one of Florida’s top ten professional employer organizations, announced a name change to “Global Employment Solutions, PEO Division,” (OTCBB: GEYH) effective August 1, 2008. The name change is not the result of a new ownership change, acquisition or merger with another company.

“We’ve been servicing the Florida community for over 20 years,” says Division President Terry Koch. “We’re not looking to change how we do business. Instead, we’re thrilled about the opportunity to expand our service capabilities to our valued customers.”

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Honolulu employment services firm ProService Hawaii has named Glenn Roberts its new chief financial officer.

Roberts, who is a certified management accountant, previously was vice president of finance at Markettools, a San Francisco market research and technology company. 

Professional employer organizations (PEOs) enable clients to cost-effectively outsource the management of human resources, employee benefits, payroll and workers’ compensation. PEO clients focus on their core competencies to maintain and grow their bottom line.

Businesses today need help managing increasingly complex employee related matters such as health benefits, workers’ compensation claims, payroll, payroll tax compliance, and unemployment insurance claims. They contract with a PEO to assume these responsibilities and provide expertise in human resources management. This allows the PEO client to concentrate on the operational and revenue-producing side of its operations. 

ROSELAND, New Jersey— Automatic Data Processing, Inc. (NYSE:ADP) reported 12.5% revenue growth to $8.78 billion for the fiscal year ended June 30, 2008, Gary C. Butler, president and chief executive officer, announced July 31st, 2008. Revenue growth benefited 2% from favorable foreign exchange rates during the year. Excluding the current and prior year gains noted above, diluted earnings per share from continuing operations grew 21% from $1.80 to $2.18.