Professional Employer Organization (PEO)
Definition:
A Professional Employer Organization (PEO), refers to an organization entering into a joint employment relationship with an employer by leasing the employee.
This also allows the PEO to manage and share employee related liabilities and responsibilities; it also allows employers the opportunity to outsource their human resources functions such as: employment taxes, worker’s compensation and payroll administration.
Part of speech:
noun
Use in a sentence:
Some employers are using a professional employer organization.