David Feinberg Takes the Helm at National Association of PEOs
David Feinberg Assumes Leadership Role in PEO Sector
In a remarkable triumph for industry advocacy, David Feinberg, the senior vice president of risk and insurance programs for Justworks, has been appointed as the chair of the National Association of Professional Employer Organizations (NAPEO) Board of Directors. His election took place during the association's annual conference, underscoring a pivotal moment for both Feinberg and the PEO industry as a whole.
Significant Contributions to the PEO Community
As a key figure within NAPEO, Feinberg brings over 20 years of extensive experience in financial services, employee benefits, and payroll leadership. His journey within the association has been marked by numerous important roles, including his work as secretary-treasurer and vice chair in the previous term. He notably contributed as chair of the Federal Government Affairs Committee, reinforcing his commitment to the PEO community.
Growing Impact of Professional Employer Organizations
NAPEO proudly represents over 200 professional employer organizations (PEOs), providing vital services such as human resources, payroll, regulatory compliance, and employee benefits, which facilitate the growth and sustainability of small and mid-sized businesses across the nation. Their impact has been profound: research indicates that businesses utilizing PEOs experience faster growth and enhanced employee retention, thanks to the invaluable support these organizations provide.
Empowering Small Businesses Through Partnership
In addressing the board, Feinberg expressed his gratitude for the opportunity to lead during such a transformative period. He stated, "I am honored to lead the NAPEO board as we build on the tremendous progress and success of the PEO industry. We'll use the year ahead to continue to raise the profile of our industry and develop a policy environment that supports the work PEOs do to help small businesses grow and thrive." This commitment reflects Feinberg's belief in the critical role PEOs play in empowering small businesses and fostering economic resilience.
A Leader with Extensive Experience
Before joining Justworks, a forward-thinking PEO and technology company founded in 2012, Feinberg held the position of executive vice president at WellNet Healthcare. He has also gained invaluable experience at Goldman Sachs as a vice president, building a well-rounded portfolio of leadership roles that equip him to steer NAPEO forward.
Support from Industry Peers
Casey Clark, NAPEO’s President and CEO, commended Feinberg's dedication by stating, "As a tireless PEO advocate, David is a perfect fit to lead NAPEO's Board of Directors at this pivotal time for our industry and our association." Clark highlighted Feinberg's industry experience, knowledge, and commitment to servant leadership as essential elements that will benefit not only NAPEO but the entire PEO landscape. Under Feinberg's guidance, NAPEO is poised to enhance its mission of advocating for the PEO sector effectively.
About the National Association of Professional Employer Organizations
The National Association of Professional Employer Organizations (NAPEO) stands as the authoritative voice of the PEO industry. With a member base of 219 PEOs, NAPEO serves over 200,000 small and mid-sized businesses employing approximately 4.5 million individuals. These members collectively represent over 90 percent of the industry's revenue, which is estimated at $358 billion. NAPEO also includes 216 associate member companies that support PEOs with various services, amplifying the network and resources available within the industry.
Frequently Asked Questions
What is the role of David Feinberg in NAPEO?
David Feinberg is the newly elected chair of the National Association of Professional Employer Organizations Board of Directors, focusing on advocating for the PEO industry.
How does NAPEO support small businesses?
NAPEO provides various services through its member PEOs, including HR, payroll, benefits, and regulatory compliance, all of which help small businesses grow and thrive.
What experience does David Feinberg bring to this position?
Feinberg has over 20 years of experience in financial services, benefits, and payroll leadership, including previous roles at Justworks and WellNet Healthcare.
How does NAPEO impact the PEO sector?
NAPEO represents a significant portion of the PEO industry, driving policy advancements and advocating for the interests of its members.
Why is the role of PEOs critical in today's business environment?
PEOs help small businesses navigate complex regulations, improve employee retention, and enhance growth, making them increasingly vital in today’s economic climate.
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