As explained by Wall Street Mojo in their article “How Does Professional Employer Organization Work?”, a PEO is a third-party entity that partners with businesses to manage HR functions, compliance, and payroll under a co-employment model. This structure allows the PEO to handle employee administration while the client company directs day-to-day operations.
PEOs reduce HR overhead and provide access to benefits, workers’ compensation, and tax management. The article emphasizes that this arrangement helps businesses stay compliant with ever-changing labor laws.
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Article with all rights reserved, courtesy of Wall Street Mojo — https://www.wallstreetmojo.com/