What is a PEO? The acronym stands for Professional Employer Organization(s)—companies that provide expertise in human resources functions, as well as the experienced staff to undertake such endeavors on behalf of clients. Organizations of this nature often combine PEO offerings with HR consulting services, providing a wide range of human resources capabilities. Their target market…
Read MorePEO: Professional Employer Organization. A firm that employs staff who are experts in a wide range of human resources and employee management roles. These trained staff can take over key HR and administrative functions (such as payroll administration) for a client organization. The PEO firm may also assume the role of Administrative Employer for a client…
Read MoreThere’s an assumption among some small and medium-sized businesses that human resources is something they can deal with later. When a business is in early stages of growth, HR may be considered a luxury or a burden on management. The focus is more on survival and then profitability, rather than back office processes. HR is…
Read MoreLarge companies tend to keep human resources functions in-house. Payroll, training, human resources administration, benefits programs and labor law compliance are all covered by dedicated staff in the company’s HR department. This is an expensive undertaking; well within the budget of a big company, but for small and medium-sized businesses, the costs of doing everything…
Read MoreSmall and medium-sized businesses may be the engine of the economy, but that doesn’t mean that every new venture survives and thrives to become a large company. Operational issues aren’t usually the stumbling blocks for new businesses as they expand; rather, it’s often the back office logistics. Having only a few employees is relatively easy…
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