David Feinberg Takes the Helm of NAPEO
In an important milestone for industry representation, David Feinberg, who serves as the senior vice president of risk and insurance programs at Justworks, has been named chair of the National Association of Professional Employer Organizations (NAPEO) Board of Directors. His election happened during the association's annual conference, marking a crucial moment for both Feinberg and the PEO sector.
Noteworthy Contributions to the PEO Community
Feinberg, a significant player in NAPEO, boasts over 20 years of rich experience in financial services, employee benefits, and payroll management. Throughout his tenure with the association, he has held several important positions, including secretary-treasurer and vice chair in the previous term. Additionally, he made a notable impact as chair of the Federal Government Affairs Committee, highlighting his dedication to the PEO industry.
Expanding Influence of Professional Employer Organizations
NAPEO proudly stands for over 200 PEOs which deliver essential services like human resources, payroll, regulatory compliance, and employee benefits. These services play a critical role in supporting the growth and sustainability of small and mid-sized businesses throughout the country. Research suggests that companies utilizing PEOs enjoy accelerated growth and better employee retention, thanks to the vital support provided by these organizations.
Strengthening Small Businesses Through Collaboration
During his address to the board, Feinberg shared his appreciation for the chance to lead during such a significant period. He remarked, "I am honored to helm the NAPEO board as we build upon the incredible strides and successes of the PEO industry. In the coming year, we'll focus on elevating our industry's profile and shaping a policy environment that nurtures the essential work PEOs do to empower small businesses." This statement echoes Feinberg's belief in the essential role that PEOs play in fostering small business growth and economic stability.
A Leader with a Wealth of Experience
Before his time at Justworks, an innovative PEO and tech firm established in 2012, Feinberg was the executive vice president at WellNet Healthcare. His past experience also includes a role as vice president at Goldman Sachs, giving him a comprehensive portfolio of leadership roles that prepare him to guide NAPEO effectively.
Receiving Support from Industry Peers
Casey Clark, NAPEO’s President and CEO, praised Feinberg's commitment by stating, "David is a tireless advocate for PEOs, making him an ideal leader for NAPEO's Board of Directors during this crucial phase for our industry and our association." Clark emphasized Feinberg's industry expertise, knowledge, and dedication to servant leadership as vital attributes that will enhance the entire PEO landscape. Under Feinberg's leadership, NAPEO is set to strengthen its mission to advocate effectively for the PEO sector.
About NAPEO
The National Association of Professional Employer Organizations (NAPEO) serves as the leading voice for the PEO industry. With a membership of 219 PEOs, NAPEO supports over 200,000 small and mid-sized businesses that collectively employ around 4.5 million people. These members account for over 90 percent of the industry's revenue, estimated at $358 billion. NAPEO also includes 216 associate member companies that provide various services to PEOs, enhancing the network and resources available within the industry.
Frequently Asked Questions
What is David Feinberg's role in NAPEO?
David Feinberg has been elected as the chair of the National Association of Professional Employer Organizations Board of Directors, where he will focus on advocating for the PEO industry.
How does NAPEO assist small businesses?
NAPEO supports small businesses through its member PEOs by offering services like HR, payroll, benefits, and regulatory compliance, all aimed at helping these businesses grow and thrive.
What relevant experience does David Feinberg bring to his new position?
Feinberg has over 20 years of expertise in financial services, benefits, and payroll leadership, with prior roles at both Justworks and WellNet Healthcare.
What influence does NAPEO have on the PEO sector?
NAPEO represents a substantial part of the PEO industry, pushing for policy improvements and advocating for the interests of its members.
Why are PEOs important in today’s business landscape?
PEOs assist small businesses in navigating complex regulations, boosting employee retention, and driving growth, which makes them increasingly essential in the current economic environment.
