[Congressional Record Volume 170, Number 67 (Wednesday, April 17, 2024)]
[Extensions of Remarks]
[Page E363]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                     RECOGNIZING NATIONAL PEO WEEK

                                  _____
                                 

                           HON. ERIN HOUCHIN

                               of indiana

                    in the house of representatives

                       Wednesday, April 17, 2024

  Mrs. HOUCHIN. Mr. Speaker, I rise today to commemorate National PEO 
Week, which starts May 19 and ends May 25, 2024.
  National PEO Week will celebrate the important contributions of the 
professional employer organization (PEO) industry, which provides 
payroll, employee benefits, compliance assistance, and HR services to 
hundreds of thousands of small and mid-sized businesses that employ 
more than 4.5 million people.
  PEOs play a critical role in helping businesses grow and thrive, 
during good times and bad. PEOs help their small business clients grow 
7-9 percent faster, have employee turnover that is 10-14 percent lower, 
and are 50 percent less likely to go out of business than businesses 
that do not use a PEO.
  PEOs help small businesses improve productivity and profitability and 
focus on their core mission. Through a PEO, the employees of small 
businesses gain access to important employee benefits such as: 401(k) 
plans; health, dental, life, and other insurance; dependent care; and 
other benefits they might not typically receive as employees of a small 
company.
  I know the value that PEOs provide. Before coming to Congress, I 
worked for a PEO and witnessed the positive impact they had on small 
businesses in my home state of Indiana.
  Mr. Speaker, I would like to congratulate the PEO industry for all 
they do to help our Nation's small businesses and their employees 
prosper.

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