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Top 8 Challenges Business Owners Face

The National Association of Professional Employer Organizations (NAPEO) polled nearly 600 small to mid-sized (SMB) decision-makers about what keeps them up at night and what challenges them the most as business owners.

Top 8 Challenges Business Owners Face Infographic

A majority of these issues are tackled by partnering with a PEO.

1. Recruiting & Attracting New Talent

2. Providing Competitive Benefits

3. Maintaining Employee Satisfaction & Retention

4. Worker Shortages

5. Supply Chain and Materials-Related Shortages

6. Personnel or Employee Concerns

7. Business Growth & Success

8. Economic & Financial Concerns

Fortunately, PrestigePEO is well-equipped to address these pressing challenges small to mid-sized businesses face. We provide comprehensive solutions and expertise that can effectively resolve these concerns.

*NAPEO 2022 Survey Key PEO Insights

How Can a PEO Help?

Although owning a business can be tough, PEOs can solve many of the challenges SMBs regularly face!

With competitive employee benefits, there are cost savings that enhance business profitability. SMB Clients find that their employees are satisfied and happy at work. These offerings are also attractive when recruiting talent.

PEOs allow SMBs to get back to what they opened their business for. With PrestigePEO, you’ll benefit from a fully staffed HR department without hiring one in-house.

an HR representative working together with an employee

PrestigePEO assigns each client the following:

  • HRBP
  • Payroll Specialist
  • Benefits Specialist
  • Resources & Support

Focus on the growth and success of your business – knowing that HR is taken care of.

Looking to Explore a PEO Partnership?

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