Are you familiar with a Professional Employer Organization or PEO? If you're looking for assistance with managing your human resources, you might want to consider partnering with a professional employer organization (PEO). However, it's important to weigh out the pros and cons before making a commitment. Skye Schooley, a staff writer at business.com, explains what a PEO is and what the advantages are of partnering with one.
Time Stamps
00:00 Skye Schooley, a staff writer at business.com, introduces viewers to a Professional Employer Organization or PEO.
00:15 Schooley provides the definition of a Professional Employer Organization or PEO.
00:40 Schooley lists the various functions that a PEO takes care of.
01:01 PEOs are best for small and midsize businesses.
01:06 Schooley lists several advantages of partnering with a PEO.
01:23 PEOs typically include a digital platform for employee self-service.
If you want to outsource some of your human resources functions, you may be a good candidate for a professional employment organization (PEO). PEOs use a co-employment model to help manage HR functions and maintain legal compliance. In this video, Skye Schooley, a staff writer at business.com, gives a quick explanation of what a PEO is and how it can benefit small and midsize businesses.
Skye Schooley is a staff writer for business.com.
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What is a Professional Employer Organization or PEO?
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Professional Employer Organization PEOprofessional employer organizationprofessional employment organizationPEOPEOsPEO definitionPEO featurespayrollpayroll assistancebenefits administrationlegal compliancetraining and developmentHR administrationco-employmentco-employeremployer of recordSkye Schooleybusiness.comhuman resourcesHRHR solutionHR platformpayroll tax administrationemployee self-servicehr outsourcingsmall business tips