PEO is a B2B service usually availed by large companies, to establish locally operating systems/offices in new locations. Global companies opt for PEOs while entering a foreign country to onboard the local expertise about the market, and nature of business, etc.
Let’s first understand what are PEO’s. PEO stands for Professional Employer Organization, it is interchangeably referred to as HR outsourcing, co-employment, or business process outsourcing. These are organizations that help businesses set up a locally operating office for a target market in another city or country.