As covered by the U.S. Chamber of Commerce in the article “What Is a Professional Employer Organization?,” small businesses today are under growing pressure to stay compliant with evolving HR laws. One solution gaining traction is the use of a Professional Employer Organization (PEO) to streamline HR tasks while mitigating risk.
A PEO is more than just an outsourced HR provider—it enters into a co-employment relationship with your business. In this model, you continue to manage day-to-day operations and employee supervision, while the PEO becomes the legal employer of record for tax and benefits purposes. That means W-2s come from the PEO, and your workforce appears on their payroll.
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Article with all rights reserved, courtesy of the U.S. Chamber of Commerce — https://www.uschamber.com/