A Professional Employer Organization (PEO) is a third-party service that acts as a co-employer, handling HR tasks like payroll and benefits for small to mid-sized businesses.
- What is a Professional Employer Organization (PEO)?
Answer: It is a service acting as a co-employer for HR tasks. - What services do they offer?
Answer: They offer payroll, benefits, and compliance support. - What are the benefits?
Answer: It reduces costs and ensures compliance for small firms. - What are the challenges?
Answer: Challenges include loss of control and dependency. - How does HR use it?
Answer: HR collaborates with PEOs to manage workforce needs.
