PEO Week Recognized in Arizona

May 28, 2024

Arizona PEO Week

Consolidated Personnel Services, established in 1993 and headquartered in Phoenix, Arizona, proudly joins the ranks of numerous professional employer organizations (PEOs) nationwide to commemorate National PEO Week from May 19th to 25th. This observance honors the invaluable role that the PEO industry plays in bolstering the US economy by providing vital support to small and mid-size enterprises.

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.

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: https://www.napeo.org/peoweek/.

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