What is a PEO?
A PEO, such as Employers’ Innovative Network (ein), is quite simply a cost-efficient way for businesses to outsource the human resource portion of their operation. This allows company managers to invest more time focusing on the firms’ core competencies, thereby increasing productivity and profitability.
How does it work?
Essentially, EIN hires a company’s employees and then leases them back to the employer. EIN assumes the responsibility and liability for the “business of employment” including payroll, human resources management, risk management, regulatory compliance and labor law compliance. This allows the company to focus its efforts on strategic planning, professional development and increased profits.
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