Since December 2004, employment at small businesses using a PEO has grown more than 7 percent faster than at small businesses overall, according to the Intuit Small Business Employment Index
THEIR EMPLOYEE TURNOVER IS
10 TO 14% LOWER
The average overall employee turnover rate in the United States is approximately 42 percent per year, based on 2012 data. It is28 to 32 percent for companies that used a PEOfor at least four quarters.
OUT OF BUSINESS
THEY ARE 50% LESS LIKELY
TO GO OUT OF BUSINESS
Businesses that use a PEO 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 a PEO for at least four quarters.