According to Investopedia in their article “Professional Employer Organization (PEO): Overview,” a professional employer organization, or PEO, is a third party that is able to take on some HR responsibilities for your business.
“A professional employer organization (PEO)—sometimes referred to as an employee leasing company—is a human resources company that is contracted by small companies to take over certain administrative functions, such as payroll, taxes, and employee benefits,” Investopedia said.
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