The use of a PEO (Professional Employment Organization) is becoming a popular employment option for companies with operations in countries such as the US, where there is wide difference between state laws on corporate registration, employment and payroll. The PEO is useful where a company (foreign or domestic) wants to assign or employ staff in multiple states, but wants to avoid the expense and administrative tasks of complying with diverse state laws and regulations.
This service can also be used in some foreign countries for basic employment and payroll support, and act as a ‘co-employer’ for the client-company. Sometimes the term is used interchangeably with GEO (Global Employment Organization), but there are a few key distinctions between these two employment outsourcing services which are outlined in this guide. Basically, the GEO is a sole and legal employer of record, whereas the PEO simply shares some of the employment and payroll tasks with the client.
What is an International PEO?
A PEO is a HR outsourcing service, that can assist a company with the management of employment related tasks, including employee benefits, compliance with state and federal regulations, servicing payroll and risk management. It is essentially a ‘co-employment’ relationship between the PEO and the client-company, where the employees are employed by both, so that the PEO can assume some of the employer responsibilities for the client...read more
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