Professional employer organizations played a pivotal role in helping many small businesses survive the pandemic and position themselves for what comes next.
As the COVID-19 pandemic created one of the most serious business disruptions in recent memory, many small and midsize businesses (SMBs) struggled to stay afloat. An onslaught of new laws, regulations, and programs compounded the challenges they faced. Every state enacted some new laws and programs, and there were dozens more at the federal level.
Trying to keep employees safe while still maintaining a functioning business was an overriding concern for SMBs, which often lack the cash reserves or access to additional funding that large companies have. “A small interruption can have lasting repercussions, and this held true during the pandemic,” he says.