PEO Professional Employer Organization
PEO Professional Employer Organization A company that serves as an off-site human resources department to small and medium-sized organizations. A fast-growing business segment after the new millennium, PEOs are relationship-focused and take responsibility for HR administration plus legal and regulatory compliance issues. The quality of employee benefits in areas of insurance and workers compensation is often improved due to the expertise and group purchasing power of a PEO.
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Another way to look at it:
A Professional Employer Organization (PEO) helps client companies cost-effectively outsource the management of a variety of tasks like, workmans comp, payroll and others.
of payroll, workers’ compensation, human resources and employee benefits. PEOs help clients focus on their core competencies to maintain and grow their bottom line.
Professional Employer Organizations have thrived because they have helped their client companies succeed by providing:
Improved employment practices, compliance and risk management to reduce liabilities.
Relief from the burden of employment administration.
A wide range of personnel management solutions through a team of professionals.
Access to a comprehensive employee benefits package, allowing clients to be competitive in the labor market.