PEO stands for Professional Employer Organization. A PEO is an outsourcing and headhunting firm that provides comprehensive human resources support and international employment services.

There’s a host of very similar-sounding jargon and acronyms to wrap your head around in the international employment space. Of course, if you have plans to expand your business globally, the furthest thing from your mind is technical lingo and technicalities.

Well, we figured why not clear up one of the most commonly used acronyms, and one that’s used in our company’s name: PEO. Let’s get right into it.

What Does PEO Mean?

PEO stands for Professional Employer Organization. A PEO is an outsourcing and headhunting firm that provides comprehensive human resources support and international employment services. Generally speaking, these services tend to include talent acquisition, recruitment, payroll processing, admin operations, benefits scheme management, and more to assist with local tax compliance and employment laws.

The PEO essentially becomes your employees’ registered employer via a process called joint employment or co-employment. This allows processing payroll, insurance, benefits, and tax much easier for the employer, while still allowing them to maintain all management and supervisory control.

Why You May Need a PEO

PEOs are critical to organizations looking to grow overseas. Expanding one’s business globally isn’t an easy task. There are several hundreds of regulatory, administrative, and cost-related hurdles to overcome, which can be stifling, to say the least.

Of course, every country (and in some cases, states or regions) has its own set of employment regulations and requirements for non-resident organizations. If you aren’t completely familiar with what they are, the challenge of international expansion becomes even more difficult to navigate.

PEOs ensure you never have to deal with these challenges by shouldering the myriad responsibilities associated with HR, talent acquisitions, recruitment, managing benefits, and visa applications, as well as keeping track of local rules and regulations. This allows you to focus primarily on the day-to-day business operations that come with building your business.

Hire PEO Korea for Global PEO Services and HR Consulting

We are a leading global HR consulting firm that works with small- and medium-sized enterprises as well as multinational corporations to help them acquire talent for their business via our recruiters and headhunters in South Korea. Our global HR consulting firm helps foreign companies set up and establish their business in South Korea through professional employer services, minimizing the risks associated with starting a business in a foreign country.

Get in touch with us at PEO Korea for more information about their services.