GENERAL KNOWLEDGE

Detailed explanation-1: -What is a PEO? A professional employer organization (PEO) is a company which contractually assumes and manages critical human resource and personnel responsibilities and employer risks for it’s small to mid-sized businesses by establishing and maintaining an employer relationship with worksite employees.

Detailed explanation-2: -PEO, short for Professional Employer Organization helps a client company in managing payroll of its employees. A PEO also takes care of compliance and HR responsibilities for the organization.

Detailed explanation-3: -A PEO, or professional employer organization, is a type of full-service human resource outsourcing known as co-employment. In this arrangement, the PEO performs various employee administration tasks, such as payroll and benefits administration, on behalf of a business.

Detailed explanation-4: -ADP Totalsource – the largest PEO According to Yahoo Finance, ADP is the largest PEO in the US, with more than 400, 000 worksite employees.

Detailed explanation-5: -PEOs frequently have regulatory experts on staff that can help you avoid hefty fines. They may have expertise in tax rate law and reporting requirements, insurance schemes, workers’ compensation, recruiting, and HR regulation. Human resource professionals on staff at a PEO are often available to help with HR issues.