The acronym PEO stands for Professional Employer Organization. A PEO is an HR outsourcing company that provides comprehensive HR services for businesses. PEOs work with businesses to assist them with payroll, benefits, HR consulting, and regulatory compliance.
An European PEO is a mechanism to employ people in the European region without having your own entity in every specific country. That is reducing time, money and risk taken and that is why a PEO can be a perfect solution for companies looking to expand their business in the European region or to have a dedicated team on the European market.