PEO Blog in Industry News

by Joe Caulfield

It is generally accepted that Professional Employer Organization - PEO market share is 3%.  Now we also hear the number 3 to 5% now and again, but that seems like a little bit of fudging.

Perhaps we should look at the actual number using census bureau data.  As of 2008 there were 2,203,513 companies that had employee counts from 5 to 99. I think most would agree that this covers the average size of a PEO client business.

Now if we took 3% of that total we would have 66,105.  Most have reported that PEO currently services 50,000 businesses, so what’s happened to the other 16,105? Oddly that can be answered by using a more realistic number on the “average size of a PEO client company” – that number is 14. That knocks out 526,307 businesses.  1,677,206 is a more real number.  Now we get 50,316.18

Well I’d like to thank my friends at the “X” Factor, after spending some time watching the show over the last couple evenings it got me thinking…

Where are the PEO Industries Stars?

What do I mean by PEO Industry Stars – the individuals who have the ability to Educate the Business Community about the PEO Industry.

I do have a secret, I’ve found a few of them… and you’ll find out next week who they are when PEO.com launches it’s “Guest Blogger” program.

But I know there is more talent, more stars – so I’m opening the auditions up NOW!

So it’s that time of year again, the NAPEO Annual Conference, Professional Employer Marketplace held on September 12th - 14th at the JW Marriot Orlando Grande Lakes.  For those of you who haven’t regestered yet, it’s never to late, click here for the website… NAPEO CONFERENCE 2011.  PEO.com will have representatives at the conference and will be posting daily blogs and tweeting as we wonder around, follow PEO.com on TWITTER. 

See you in Orlando on Monday!

”Employers Resource, a professional employer organization based in Boise, Idaho, has been named as Idaho’s 12th largest private employer. The listing was determined by Idaho Private 75, a collaboration of US Bank, KPMG and the Idaho Statesman.”

BOISE, IDAHO,—Employers Resource has been named as the 12th largest private Idaho employer by the 2008 Idaho Private 75 listing. The Idaho Private 75 is a collaboration of US Bank, KPMG, and the Idaho Statesman recognizing top performing, privately-held, Idaho-based companies. Rank is determined by an independent audit of Idaho’s largest employers, and 2008 marks the 11th consecutive year Employers Resource has made the listing.

BRADENTON, Florida—Gevity (GVHR), which serves as the full-service human resources department for small- and mid-sized businesses, today reported a third quarter 2008 loss from continuing operations of $1.8 million, or $0.07 per share, as compared to income from continuing operations of $2.0 million, or $0.08 per diluted share, for the second quarter of 2008. Third quarter 2008 results included pre-tax cost alignment charges of $1.3 million, or $0.03 per share, relating to the consolidation of certain branch offices and the reduction of staffing levels.