Professional Employer Organizations (PEOs) Play a Critical Role in Helping Small and Mid-Size Businesses Grow and Thrive
MAY 13, 2024, GREENWOOD, IN – Tilson is joining with hundreds of other professional employer organizations (PEOs) around the country in celebrating National PEO Week May 19-25, in recognition of the industry’s important contributions to the US economy through its support of small and mid-size businesses.
PEOs provide payroll, employee benefits, compliance assistance, and HR services to hundreds of thousands of small and mid-sized businesses that employ more than 4 million people nationwide. Over the last 10 years, the industry has quadrupled in size as more and more businesses turn to PEOs for back-office assistance so that they can focus on the core mission of their business, profitability, and growth.
PEOs play a critical role in helping the businesses that are the backbone of our economy grow and thrive, during good times and bad. Studies by noted economists Laurie Bassi and Dan McMurrer show that PEOs help their small business clients grow 7-9 percent faster, have employee turnover that is 10-14 percent lower, and are 50 percent less likely to go out of business than businesses that do not use a PEO.
Founded in 1995, Tilson has been a dedicated ally and champion for small and mid-sized businesses throughout Indiana and beyond. Actively engaged in government affairs at both federal and state levels, Tilson advocates for the interests of the PEO industry and its clients, ensuring small businesses have a strong voice in legislative matters. Notably, as industry chairman, CEO Brent Tilson spearheaded the passage of the Small Business Efficiency Act and recently led efforts to amend PPP loan language, benefiting PEO clients. This commitment to excellence was further underscored by Brent Tilson’s recent recognition with the 2021 Doyle Award, the PEO industry’s highest honor, for his outstanding contributions and leadership.
For National PEO Week, Tilson aims to highlight how PEOs contribute to the success and sustainability of businesses, particularly during challenging times. Additionally, they’ll be showcasing success stories from clients, as well as “PEO Superstars” from within the company, emphasizing the invaluable role these professionals play in empowering businesses to thrive and navigate through various operational hurdles with confidence and resilience.
“We are proud to be a part of the growing and vibrant PEO industry, and we are proud of what we do every day to support the small and mid-size businesses that are the heartbeat of America,” said Brent Tilson, President and Owner of Tilson. “National PEO Week serves as a reminder of the invaluable role PEOs play in fostering business growth, enhancing workplace efficiency, and driving economic prosperity.”
National PEO Week has been officially recognized in the federal Congressional Record and by the National Day organization, which approves only 30 requests for official designations out of the 25,000 applications it receives each year. It is celebrated the 3rd week in May annually.
For more information on the PEO industry and National PEO Week, visit PEOweek.com.
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About Tilson
Founded in 1995, Tilson is a leading Professional Employer Organization (PEO) and provider of Human Resources Outsourcing (HRO). Tilson manages essential workforce management services such as human resources, benefits and payroll administration, regulatory compliance, risk management and employee development – allowing companies to focus on their core business. For more information about Tilson, visit TilsonHR.com.
Contact:
Blair Mulzer
Director of Sales & Marketing
317-650-9199
bmulzer@tilsonhr.com
