Carrie Aaron, president of PEO Network, and Lisa Rowan, program director of HR and talent management services research for IDC, have written a 5-page article "Double PEO Market Share" for the October 2007 issue of the PEO Insider®.
"The small business economic engine is booming and so goes the PEO industry," said Carrie Aaron, president of PEO Network. "After a setback in 2001 due to post 9-11 and a difficult Workers' Compensation market, the PEO industry is predicted to double by 2014."
"The small business market opportunity is strong in the United States given its size and growth. Employment among small employers increased at a growth rate of nearly 12 percent from 1999 to 2006 according to the BLS. Small companies employ half of all workers in the U.S. private sector," said Lisa Rowan, program director of HR and talent management services research for IDC.
A copy of this must read article is located at http://www.peonetwork.com/articles/aaron1007.pdf
Monday, October 22, 2007
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1 comment:
Good article. The numbers seem a bit conservative though. With the economy slowing small firms will be looking for new strategies more than ever to remain competitive.
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