For businesses that may lack the resources to hire an in-house department or don’t want to burden owners with day-to-day HR tasks, a third-party professional employer organization (PEO) may be a good fit. They can assist with payroll administration, the Affordable Care Act, benefits support and workers’ compensation, among other areas, according to the article.
“The PEO concept allows a business owner to retain control of the daily activities of the employees and business while the PEO is designated as the employer-of-record for wage reporting, tax paying and workers’ compensation insurance purposes.”