Technological advancements over the years have created new capabilities within the PEO industry, making it possible to streamline processes and provide more efficient services to clients. Employers using PEO experience more robust business growth, have lower turnover, and are less likely to go out of business.
The global PEO market size is expected to surpass $139.7 billion by 2030 at a CAGR of 10.9 percent. This growth can be attributed to cloud-based PEO services that provide better analytics, higher quality support, and increased data safety measures, where many of the tasks require minimal to no human manual interactions.
To put the spotlight on such key developments in the industry, Manage HR illustrates how the PEO space is leveraging change in the workplace. This edition also features thought leadership articles from subject matter experts. Some of the exclusive insights are authored by Jesse DiGiovanni, VP of Human Resources at FirstService Residential; Joe Torella, President, Employee Benefits and Ashley Thomalla, Senior Consultant at Hub International; and Carolyn Tandy, SVP, Chief Diversity and Inclusion Officer at Humana. They shed light on pushing employers to offer generous employee benefits packages so they can create a supportive work environment, employees undertaking strategic examinations of what makes sense for them to help shift their total rewards package to better suit a workforce without walls, and how the leadership of an organization must set the tone and expectations to create and grow a diverse talent pipeline and journey.
In this edition of Manage HR, we also bring to you the story of the top PEO service providers leveraging the simplification of the PEO selection process for businesses. In the list, Business Solutions stands out for its diverse range of services that take the guesswork out of the PEO selection process, enabling organizations to find the perfect partner who can help them attract and retain the right talent.
Through the following pages, we aim to shine a light on the innovative trends and latest developments in the PEO industry. We would like to know your thoughts.
