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The PEO company's name could appear on employee paychecks, and your staff will contact PEO payroll and HR teams for benefits, payroll, and related issues. These changes can confuse or worry employees.
Outsourcing human resources allows leaders to focus on core activities. Since a PEO frees up time, executives can identify and act on growth opportunities instead of supporting overburdened HR teams.
A PEO uses a co-employment model, whereas an EOR is the sole employer in areas where you don't have a legal entity. Employees sign a contract under a PEO agreement that lists your company's name ...
An Alternate Employer Organization (AEO) is a human resource services firm targeting small and medium-sized business (typically less than 250 employees). AEO offerings include payroll processing, payroll tax filing, workers’ compensation insurance, health benefits, employers’ practice and liability insurance, and workforce management technology, training and development.
A professional employer organisation (PEO) 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 ...
The term ASO was established by the PEO industry in the late 1990s in order to distinguish between selective administrative support and full-scale PEO services. [2] The principal difference between the two types of service is that, in an ASO arrangement, the employer remains the employer of record for tax purposes. [3]