According to the United States Chamber of Commerce in their article “What Is a Professional Employer Organization?,” a professional employer organization (PEO) is a third party business that other businesses partner with in order to streamline and optimize their HR operations.
“A PEO oversees most HR functions, including employee risk management and benefits administration; however, partnering with a PEO involves participating in a co-employment relationship,” the United States Chamber of Commerce said.
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Article with all rights reserved, courtesy of the United States Chamber of Commerce —- https://www.uschamber.com/