Definition
A PEO is a third-party organization that provides comprehensive HR services, including payroll, benefits administration, and compliance support, allowing companies to outsource these functions.
Related Services
HR outsourcing, employee benefits management, and payroll processing services help businesses streamline HR operations through PEOs.
Problem and Application
PEOs help small and mid-sized companies manage HR functions efficiently but may come with service fees and potential loss of some control over employee relations.
Conclusion
PEOs allow businesses to focus on core operations by outsourcing HR responsibilities, ensuring compliance and reducing administrative burdens.
