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A PEO, or professional employer organization, is a type of full-service human resource outsourcing known as co-employment. In this arrangement, the PEO performs various employee administration tasks, such as payroll and benefits administration, on behalf of a business.
PEO stands for professional employer organization. A PEO acts as a co-employer, providing services for your company and your employees.
A PEO allows your company to outsource HR functions such as payroll, benefits, employee training, and access guidance to comply with federal and state employment laws. Software only provides a platform for you to manage these activities on your own.
A professional employer organization (PEO) is an organization that provides comprehensive human resources services for small and medium-size businesses. PEOs process and pay employee wages and employment taxes and provide HR regulation compliance guidance.
A professional employer organization (PEO)—sometimes referred to as an employee leasing company—is a human resources company that is contracted by small companies to take over certain...
A professional employer organization (PEO) is a third-party company that provides human resources services to small and midsize businesses, which often include payroll processing, benefits management, and talent management. The type of outsourcing that PEOs offer is known as “co-employment.”.
A PEO is a company that partners with businesses to help them manage employer-related administrative tasks such as payroll, certain human resources functions and compliance. PEOs form a legal arrangement with their partnering businesses called co-employment.
PEOs are companies that handle Human Resources (HR) tasks like payroll, workers’ compensation coverage, employee benefits like insurance, and ensuring compliance with all payroll-related taxes, laws, and regulations.
The PEO processes payroll, withholds and pays payroll taxes, maintains workers’ compensation coverage, provides access to employee benefit programs, offers human resources guidance, and handles HR tasks on your behalf, such as benefits administration.
Key Takeaways. 1. A Professional Employer Organization (PEO) is a third-party HR provider that acts as the professional co-employer for the workforce of a client company. 2. In a PEO solution, the PEO takes over compliance, tax and payroll responsibilities.