How many companies use a PEO?

Many companies use a PEO (Professional Employer Organization) to manage their HR functions. As of the latest data, around 173,000 small and medium-sized businesses in the United States are utilizing PEO services. These PEO companies help businesses handle tasks such as payroll, employee benefits, compliance, and risk management, enabling them to focus on their core operations and growth. This trend is growing as more businesses recognize the value of outsourcing their HR needs to specialized providers.