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The Professional Employer Organization (PEO) market is a business model that provides a range of services to employers, including payroll, benefits, and human resources. PEOs are typically third-party companies that manage the administrative and compliance aspects of an employer's workforce. This allows employers to focus on their core business operations while the PEO handles the day-to-day management of their employees. PEOs also provide access to a variety of benefits and services, such as health insurance, retirement plans, and workers' compensation.
PEOs are becoming increasingly popular among small and medium-sized businesses, as they provide access to services that may otherwise be too costly or difficult to obtain. Additionally, PEOs can help employers reduce their administrative costs and improve their compliance with labor laws.
Some of the leading companies in the PEO market include ADP, TriNet, Insperity, Oasis Outsourcing, and Justworks. Show Less Read more
