FOR IMMEDIATE RELEASE
Contact: Laurey West, SHRM-CP
Director of Operations
214-739-0695
lwest@eralp.net

Employee Resource Administration, L.P. TO CELEBRATE
FIRST ANNUAL NATIONAL PEO WEEK MAY 21-27
Professional Employer Organizations (PEOs) Play a Critical Role in Helping Small and Mid-Size Businesses Survive and Thrive

05-12-2023, Dallas, Texas – Employee Resource Administration, L.P. is joining with hundreds of other professional employer organizations (PEOs) around the country in celebrating the inaugural National PEO Week May 21-27, in recognition of the industry’s important contributions to the US economy through its support of small and mid-size businesses.

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. Studies by noted economists Laurie Bassi and Dan McMurrer show that businesses that use a PEO grow 7-9% faster, have employee turnover that is 10-14% lower, and are 50% less likely to go out of business.

PEOs are particularly key to the success of their clients during challenging times. In the dark days of the COVID-19 pandemic, PEOs ensured that their clients stayed afloat by securing PPP loans and loan forgiveness, managing employee leave, and applying for available tax credits. In fact, businesses that partner with a PEO were nearly 60 percent less likely to have permanently closed than those that did not use a PEO during the pandemic.

Employee Resource Administration, L.P. founded in 1999 is a PEO based in Dallas, Texas. Our team of experts in payroll, tax, human resources, benefits, workers’ compensation and risk are proud to serve numerous clients across the United States.

“We are proud to be a part of the growing and vibrant PEO industry and we are proud of what we do every day to support the small and mid-size businesses that are the backbone of the US economy,” said Diane Axline, Managing Partner, ERA, L.P.

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 will be celebrated the 3rd week in May annually.

For more information on the PEO industry and National PEO Week, visit PEOWeek.com. Please feel free to visit our website at https://erapeo.com to learn more about our company and what we do.