What is a professional employer organization (aka PEO)?
A professional employer organization, or PEO, uses co-employment to bring all client companies’ employees under a single federal tax ID number to provide clients with a more cost-effective way to offer Fortune 500-quality benefits. Co-employment also allows a company to more effectively manage its HR, from payroll and benefits to workers’ compensation, using a single, integrated platform and suite of resources. By relieving a company from the complexities and demands of ongoing HR administration, the organization can focus more effort on its core business competencies and increase profitability.
