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EOR and PEO
Stand for employer of record and professional employer organization.
A PEO is a Professional Employer Organization, which is a third party that co-employs individuals with a business. They provide the payroll and other services in a country and ensure compliance requirements are met. While similar to an EOR, a PEO is different in that it is not the legal employer. They act as an employment partner and similar to an outsourced payroll and compliance vendor.
Related Glossaries
Relocation
Relocation refers to the process of moving an employee from one geographical location to another, typically to support business needs.
In-kind benefits
A benefit-in-kind (BIK) is any non-cash benefit of monetary value.
Remote-first organization
A remote-first organization is a company that prioritizes remote work as the default work model.
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