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What does PEO stand for in HR?

HR Lineup

A PEO also referred to as a professional employer organization, has continued to gain recognition mainly due to its benefits to small and medium-sized organizations within the United States. So, what does PEO stand for in HR, and what benefits does it bring to an organization? Life insurance.

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What is a PEO?

Insperity

The good news: There’s help out there – it’s called a professional employer organization (PEO). These organizations can work with your company to provide comprehensive and affordable payroll, benefits and human resource services through a business-to-business relationship called “co-employment.

Payroll 101
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Understanding the cost of employee benefits & what it means for your company

Genesis HR Solutions

Insurance types: Medical, dental, vision, disability, and life insurance plans. That’s why most employers contribute (many significantly) to health insurance—covering anywhere from 50% to 100% of the total cost. How do you decide which benefits your organization should offer? Common Employee Benefits.

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People over perks: Bridging employee benefits with strong HR

Insperity

Standard” benefits may include: Health, dental and vision insurance Retirement savings plan, with a company match Life insurance Disability insurance Workers’ compensation insurance Paid time off (PTO) – two weeks per year at a minimum, three weeks per year preferred. A PEO, however, can ease much of the stress.

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7 types of insurance every business owner needs

Insperity

A business property policy with adequate coverage levels can help shield your operations from unexpected events. Because the insurance is bundled, a business owner’s policy is often less expensive than if individual coverage was purchased separately. Key person life insurance. Data breach/cyber breach liability.

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16+ types of employee benefits you should consider

Genesis HR Solutions

At the end of this article, we’ll explain how a professional employer organization (PEO) can help you select, negotiate, and administer best possible benefits for your company. There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans.

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5 Steps to Building an Employee Benefits Program That Won’t Break the Bank

Insperity

Another cost-conscious option for small businesses is to join a professional employer organization (PEO), which can provide employees with health coverage under a PEO-sponsored health plan, relieving you of the administrative costs of offering your own health plan.

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