An expert employer group (PEO) is an organization that gives complete human sources (HR) providers to different firms, primarily small and medium-sized companies. PEOs provide a variety of HR providers, together with payroll processing, advantages administration, threat administration, and worker relations. By outsourcing their HR features to a PEO, firms can save money and time whereas bettering their compliance with employment legal guidelines and laws.
PEOs have change into more and more common lately as companies search for methods to cut back prices and enhance effectivity. PEOs can present a number of advantages to companies, together with: