What is a Professional Employer Organization?
A PEO is a service provider that allows small and mid-sized businesses to deliver world-class HR, streamlined Payroll, Fortune 500 Style Health Benefits and Workers’ Compensation insurance.
Because PEOs are able to negotiate with insurance providers based on their collective overall size, PEO clients receive great benefits with sizable savings.
Why do PEOs Exist?
In the US, it’s illegal for companies and/or groups to band together to purchase group medical benefits.