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What is a PEO?
It's a Professional Employer Organization. And it's a one-stop service provider that allows business owners to concentrate on running their businesses without getting bogged down in administrative headaches. It also allows them to provide employees with benefits that would normally only be available at much larger companies.
PEOs, through the co-employment model, become the legal "employer of record" for employment and benefits purposes, thereby assuming many of the responsibilities and liabilities present in every business.
Employees on a PEO's payroll are able to participate in the PEO's health, retirement, and supplemental benefits and are covered by their workers' compensation policy, so you don't have to worry about making these complex arrangements. The PEO also takes care of the payroll, including everything from printing the checks to reporting and paying the employment taxes. Additionally, the PEO provides human resources and compliance expertise. All while you remain completely in control of your product and day-to-day business operations.
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