How PEO Clients Fared in the First Months of the COVID-19 Pandemic: A Comparative Analysis
The 2020 COVID-19 pandemic has created unprecedented economic challenges for almost all employers, with small businesses hit especially hard. This white paper examines the available evidence on the early impact that PEOs had on business outcomes for their clients. Compared to non-PEO clients, businesses that use a PEO are:
・119% more likely to have received a PPP loan
・72% more likely to have received a PPP loan during round 1
・91% less likely to still be temporarily closed
・60% less likely to have permanently closed
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Professional employer organizations (PEOs) provide comprehensive HR solutions for small and mid-sized businesses.