PEOs and ADP Continue to Grow and Help Small Business

"ADP's 'Professional Employer Organization Services (PEO)' division experienced year-over-year revenue growth of 11% to $487 million as more organizations opted to outsource HR management. We're huge fans of this business, particularly in the event that small business formation accelerates. The value-add for PEO services is huge, especially since it allows busy owners to focus on business-centered operations rather than the often tedious day-to-day back office tasks. Pretax operating margins in the segment increased 50 basis points year-over-year as cost growth slowed." Rock on!

Great read: https://seekingalpha.com/article/1645022-automatic-data-processing-continues-to-grow-faster-than-smaller-peers

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The PEO Compass is a friendly convergence of professionals and friends in the PEO industry sharing insights, ideas and intelligence to make us all better.

All writers specialize in Professional Employer Organization (PEO) business services such as Workers Compensation, Mergers & Acquisitions, Data Management, Employment Practices Liability (EPLI), Cyber Liability Insurance, Health Insurance, Occupational Accident Insurance, Business Insurance, Client Company, Casualty Insurance, Disability Insurance and more.

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