A PEO (professional employer organisation) is an organisation that enters into joint employment relationships with employers by leasing employees. This means a PEO can share and manage many employee-related responsibilities and liabilities, leaving the employer to focus on operations and the expansion itself.

Companies can outsource human resources functions to a PEO like benefits, compensation and payroll administration, insurance and employment taxes.

Difference between a PEO & an EOR

From a legal perspective, employers and PEOs engage in a process called joint employment, or co-employment. This means employees are technically employed by both the expanding organisation and the Global PEO.

However, the PEO can undertake all elements of payroll management and employment services, leaving the business wishing to expand internationally to focus on operational aspects, rather than potentially complicated local employment practices.

Using a global PEO is the quickest way to hire and pay an employee internationally. It removes the headache of setting up an entity abroad and trying to remain compliant with local laws.

TopSource Worldwide offers global PEO services that allow you to employ abroad and make hiring overseas simple. We support companies looking to expand into new global markets using our extensive infrastructure and expertise.

Maybe you’re looking to hire globally now that remote working has become commonplace. We can get your new employee up and running in just days no matter what country they’re in.