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PEO
Professional Employer Organization
A PEO or
Professional Employer Organization assumes full responsibility of
your company's HR administration. A PEO essentially leases a
companies current employees. This practice is also known as employee
leasing or staff leasing.
A PEO basically hires your current employees and leases them back to
you. The PEO manages the paperwork, employee records, and hires and
fire whomever you want.
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ABOUT PEO's
A large
attraction to a PEO is that they assume responsibility for workers
compensation insurance, all payroll obligations, health benefits,
welfare and retirement benefits and other services you may opt to
add. In summary Professional Employer Organizations offer these four
services: human resource compliance, risk management, benefits
administration and payroll services. |