To give you one snapshot of who’s who among PEO providers, here are the top 10 U.S. PEOs in descending order, from largest to smallest market share, along with a few details to help you comparison-shop their services.
1. ADP TotalSource (2023 market share data: 20%): ADP is the largest PEO in the U.S., with over 400,000 worksite employees. They offer a wide range of HR and employment services, including payroll processing, benefits administration, compliance, and recruiting. ADP is known for its strong customer service and commitment to innovation.
2. Insperity (2023 market share data: 12%): Insperity is another large PEO, with over 300,000 worksite employees. They offer a similar range of services to ADP, but they also have a strong focus on helping businesses grow and succeed. Insperity is known for its personalized service and commitment to helping businesses achieve their goals.
3. TriNet (2023 market share data: 9%): TriNet is a smaller PEO with over 100,000 worksite employees. They offer a more focused range of services, and are known for their expertise in complex industries such as healthcare and technology. TriNet is also known for its innovative technology solutions.
4. Paychex (2022 market share data: 8%): Paychex is a well-known payroll processing company that also offers PEO services. They have over 600,000 clients, but their PEO services are only available to businesses with up to 100 employees. Paychex is known for its affordable pricing and easy-to-use online platform.
5. Rippling (2023 market share data: 6%): Rippling is a newer PEO that is quickly gaining popularity. They offer a cloud-based platform that makes it easy for businesses to manage their HR and payroll needs. Rippling is known for its ease of use and its innovative features.
6. PeopleFluent (2023 market share data: 5%): PeopleFluent is a PEO that focuses on providing human capital management (HCM) solutions to businesses of all sizes. They offer a wide range of services, including talent acquisition, performance management, and learning and development. PeopleFluent is known for its expertise in HCM and a commitment to helping businesses improve their workforce.
7. Alera Group (2023 market share data: 4%): Alera Group is a PEO that focuses on providing benefits administration services to businesses. They have over 100,000 clients and they offer a wide range of benefits plans. Alera Group is known for its expertise in benefits administration and its commitment to helping businesses find the right benefits plans for their employees.
8. TribeHR (2022 market share data: 3%): TribeHR is a PEO that focuses on providing HR outsourcing services to businesses. They have over 50,000 clients and they offer a wide range of HR services, including payroll processing, benefits administration, and compliance. TribeHR is known for its personalized service and its drive to help businesses save time and money.
9. Alight Solutions (2023 market share data: 2%): Alight Solutions is a PEO that focuses on providing retirement plan administration services to businesses. They have over 1 million clients and they administer over $1 trillion in retirement assets. Alight Solutions is known for its expertise in retirement plan administration and its commitment to helping businesses save money on their retirement plans.
10. CloverHR (2022 market share data: 1%): CloverHR is a PEO that focuses on providing HR technology solutions to businesses. They have over 10,000 clients and offer a cloud-based platform that makes it easy for businesses to manage their HR needs. CloverHR is known for its ease of use and affordable pricing.
These are just a few of the many PEOs that are available in the U.S. When choosing a PEO, it’s important to consider the size of your business, the services you need, and your budget. It is also important to read reviews and compare quotes from different PEOs before making a decision.
Please also note that the market share data for each PEO may change from year to year, so it’s always best to check with the PEO directly for the most up-to-date information.
