As professional employer organizations (PEOs), these successful businesses provide comprehensive HR solutions to small and mid-size businesses including payroll, benefits, tax administration and regulatory compliance assistance. PEOs, like those recognized by Inc., help hundreds of thousands of clients across the country reduce administrative work and focus on the core of their business, all while offering Fortune 500-level benefits to their workers.
“We’re exceptionally proud of the accomplishments of our members on this year’s prestigious Inc. 5000 list, said NAPEO President and CEO Casey Clark. “Their accomplishments are representative of the integral role our industry plays in support of American businesses who grow faster, retain employees longer and are more resilient because of their partnership with a PEO.”
Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 to 2023. To qualify, companies must have been founded and generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent-not subsidiaries or divisions of other companies-as of December 31, 2023. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2023 is $2 million.