How PEOs can help you handle employee-related tasks

Description

Abstract: One way companies can reduce the employee-regulation workload is to engage a professional employer organization (PEO). A PEO can handle many employee-related tasks, such as administering payroll and employee benefits; collecting, reporting and depositing employment taxes; and developing employee handbooks. Essentially, the PEO becomes a co-employer. This article examines the legal and financial pros and cons, while a sidebar explains that it’s important to perform due diligence before hiring a PEO.