The Trend Issue
Over the last few years, the biggest trends for small businesses have included belt tightening due to the faltering economy, bracing for the still-unknown impact of healthcare reform, and struggling as the cost of unemployment insurance continues to rise.
Well, word on the street is that these trends are on the way out, in the PEO world at least. That’s because helping small businesses deal with these challenges is exactly what PEOs do:
- Small businesses need to make do with less. PEOs are right there with the value delivered through the expertise businesses need now more than ever.
- Small businesses are struggling—some even paralyzed by the vastness of the challenge—to comply with healthcare reform. PEOs can guide them through with their resources and leadership, and even help with affordability through plan design.
- Unemployment costs continue to increase. PEOs are on top of this, offering clients UI best practices and education.
- A difficult economy can affect both PEO UI and workers’ comp experience. When the economy is bad, employment law claims increase. Again, PEOs are there to identify and address these client needs.