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What is a PEO? The solution to making your company great!

EmployeeConnect

A Professional Employer Organization , or PEO, allows businesses to outsource their administrative needs to a third party that specializes in these duties. This can include (but is not limited to) managing human resources, taking care of payroll, overseeing workers’ compensation issues, and offering employee benefits.

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HRO Meaning: Human Resource Outsourcing

HR Stacks Blog

For example, a company may handle employee relations internally while outsourcing payroll and compliance management. Employee Benefits Administration: Handling health insurance, retirement plans, and other perks to ensure employees receive their entitled benefits.

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What is a PEO (& why do you need one)?

Genesis HR Solutions

A Professional Employer Organization (PEO) allows its clients to outsource many of their human resource functions, share employment liability, and, oftentimes, gain economies of scale to bring an improved benefits package to their employees. How can PEO services help my company? PEO Health Insurance. PEO Benefits.

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HR Professional Day 2024: 10 Reasons to Thank Your HR Team

Extensis

These experts are also responsible for administering all benefits and retirement programs, helping onboard new hires, monitoring marketplace trends, and managing the open enrollment process. Employee risk management and compliance specialists help organizations minimize their exposure and liability related to employment practices.

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Key Services Offered By PEOs: A Comprehensive Guide

HR Stacks Blog

Professional Employer Organizations (PEOs) help businesses manage essential HR tasks like payroll, employee benefits, and compliance. By partnering with a PEO, companies can focus on growth while outsourcing time-consuming administrative work. One major advantage of working with a PEO is access to high-quality employee benefits.

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PEOs and HR Managers: The Perfect Partnership

Extensis

This leads some to long for a trusted, skillful extra set of hands, and thats precisely what a professional employer organization (PEO) offers. Discover how in-house HR experts and PEOs can unite to streamline talent acquisition, maintain compliance, manage daily administrative tasks, and more. What is the role of a PEO?

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HR Lineup - Untitled Article

HR Lineup

Difference Between EOR and PEO 1. Legal Responsibility One significant difference between EOR and PEO is the legal responsibility. In an EOR relationship, the EOR is the legal employer of the staff, while in a PEO relationship, the company retains some legal responsibility as the co-employer.