Tuesday, August 30, 2011

History Lesson on PEO and Employee Leasing


Here are the Wikipedia definitions of PEO (professional employer organization) and Employee Leasing.

http://en.wikipedia.org/wiki/Professional_employer_organization

http://en.wikipedia.org/wiki/Employee_leasing

Here is what Entrepreneur Magazine has to say:

http://www.entrepreneur.com/encyclopedia/term/82362.html

My definition?  It is a business solution that allows small to mid-sized companies to compete with larger companies by offering shared expertise and services for human resources functions. 

Where do you go to find a PEO?  Start with NAPEO (http://www.napeo.org/) or PACE (http://www.pacepeo.org/).  You should cross-reference with your own States Department of Labor, to be sure that the provider(s) you are considering are fully licensed.  Or you can engage with a consulting or brokerage company such as National HR Companies (http://www.nationalhrcompanies.com/) or HROplus (http://www.hroplus.com/). 








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