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PEO stands for professional employer organisation.

A PEO (professional employer organisation) is a technology and service offering that takes payroll services, benefits, HR tasks and compliance work off your plate, so you can focus on the growth of your business.

A PEO (professional employer organisation) is a company that partners with businesses to manage payroll processing, benefits administration, HR and compliance. An example of a PEO is Rippling PEO, one of the largest PEOs in the world. Rippling PEO provides comprehensive services and technology solutions including payroll automation, employee benefits, HR expertise and compliance support. By partnering with Rippling PEO, businesses can leverage expertise and technology to streamline their business operations, often leading to cost savings and improved efficiency.

Yes, Rippling is a PEO and so much more. Rippling is a unified workforce management platform that offloads your time-consuming HR, IT and finance work with powerful automation and services. We'll handle your benefits, payroll, HR, compliance, spend management, IT, device management, and more.

A PEO is not just a kind of software, it’s a combination of services and technology. Entering a PEO also means entering co-employment with a provider and sharing employer responsibilities. Your PEO manages benefits administration, workers' compensation, and compliance. An HRIS is primarily a software system for managing HR processes and employee data, like role transitions, remuneration bands, headcount planning and HR documents.

Choosing the best PEO for your company is a significant decision that can streamline your HR management and free you up to focus on core business needs. When evaluating service providers, consider several key factors to ensure you find the right fit:

• Scope of HR functionality:

  Evaluate the range of HR functions covered. Does the PEO offer comprehensive compliance solutions, including assistance with tax lodging and employment law? Are their employee benefits packages competitive to aid in retention?

• Pricing and affordability:

  For everyone from small businesses to enterprises, review the pricing structure and ensure it aligns with your budget.

• Scalability and all-in-one fit:

  Check if the PEO can scale with your business needs as you grow, potentially supporting mid-sized businesses and even global payroll in the future. Look for a modern, unified technology platform, like Rippling's, that automates time-consuming administrative tasks, such as payroll processing and benefits administration.