professional employer organization

1. professional employer organization is safety and risk mitigation services, payroll processing, employer payroll tax filing, works providing outsourcing for all tasks and functions typically performed by in-house human resources departments, professional employer organization is an outsourcing firm that provides services to small and medium-sized businesses (SMBs). Typically, the PEO offering may include human resource consulting, safety and risk mitigation services, payroll processing, employer payroll tax filing, workers' compensation insurance, health benefits, employers' practice and liability insurance (EPLI), retirement vehicles (401(k)), regulatory compliance assistance, workforce management technology, and training and development. The PEO enters into a contractual co-employment agreement with its clientele. A Professional Employer Organisation (PEO) also known as Employer of Record (EOR) works with small to medium sized businesses, providing outsourcing for all tasks and functions typically performed by in-house human resources departments, this includes but is not limited to: Payroll, benefits, compliance support, additional perks, taxes and other employer related administrative functions necessary to running a business. A PEO will focus on all of these functions so you can concentrate on growing your business instead of the admin of your business. Anything from one-off payments to automated deposits, a PEO can help administer payments to employees, salaried or hourly, paid weekly, fortnightly or monthly. A PEO can also take care of the payroll for vendors or contractors, basically they have to ability to completely take care of all the hassle and intricacies of payroll.