What does PEO stand for?

PEO stands for Professional Employer Organization. PEOs help small businesses maintain their HR responsibilities through co-employment. Co-employment is a contractual relationship where a company shares certain employment responsibilities with a PEO.

PEOs can be extremely beneficial to a business that wants to mitigate costs associated with hiring and maintaining an employee. They can also help businesses outsource employment to focus more of their efforts on their business and less on human resource management and employees.