PEO refers to Professional Employer Organization.
A PEO company offers services relating to employee recruitment, training, benefits administration, insurance, and related responsibilities. Rather than just being a staffing or recruiting agency, the PEO company actually enters into an agreement with its client company. Along with the client company the PEO forms a co-employment relationship with the employees, taking over or sharing the employer risks of the client company. The latter can therefore concentrate on its core activity, while the PEO deals with the HR-related administration.
Partnership with a PEO company helps to improve the client company’s profile. The PEO could help a small or medium-sized company offer great employee benefits that would attract talented professionals to the company and get them motivated enough to stay there. It would increase the company’s buying power in the HR-market, making it quite similar to that enjoyed by Fortune 500 companies.
The services of the PEO company are generally flexible, depending on the budget and needs of the client company. The services are generally offered collectively as a package, though they can also be offered individually depending on the client’s requirements.
Kruse PEO is a PEO company offering complete Professional Employer Organization services to companies ranging from Fortune 500 to small and medium-sized companies. Based in Oklahoma, Kruse PEO offers its services all over the United States. Our services include human resources administration, employee benefits administration, payroll and tax administration, workers’ compensation, risk management services, regulatory and government compliance, and recruitment and selection services.