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What does PEO stand
for?
Simply put PEO stand for “Professional Employer Organization”.
A professional employer organization (PEO) is a provider services which gives business owners a cost-effective way to outsource the management of human resources, employee benefits, payroll and workers’ compensation and other services, including recruitment, risk/safety management, and training and development. It take responsibility for the hiring of it's clients employees. In doing so they becoming their employer of record, which can be beneficial for tax and insurance purposes. The relationship between PEO service providers and companies is also refereed to as co-employment.
A professional employer organization (PEO) is a provider services which gives business owners a cost-effective way to outsource the management of human resources, employee benefits, payroll and workers’ compensation and other services, including recruitment, risk/safety management, and training and development. It take responsibility for the hiring of it's clients employees. In doing so they becoming their employer of record, which can be beneficial for tax and insurance purposes. The relationship between PEO service providers and companies is also refereed to as co-employment.
