What is a PEO?

Stratus

A PEO (Professional Employer Organization) allows smaller companies to band together as part of a larger employer (Stratus.hr), creating efficiencies for administrative needs that every company needs, such as payroll, workers’ comp policy and claims management, benefits deductions and reconciliations, and more. becomes the employer of record for your employees while you remain the worksite employer. The post What is a PEO?

4 Reasons to Consider Leaving Your PEO after Employee #50

Namely

For growing companies with threadbare HR teams, the thought of leaving a PEO might cause cold sweats. Professional Employer Organizations (PEOs) take on HR, payroll, and benefits administration for their clients, typically businesses without an HR professional on staff. Clients enter into a “co-employment” relationship with the PEO, where the latter becomes their workforce’s employer-of-record for tax and compliance purposes.