What are the definitions of payroll outsourcing and PEO? | #payroll services #employer of record

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What are the definitions of payroll outsourcing and PEO?

You should be familiar with both terms' meanings before learning how a Professional Employer Organization in Dubai differs from payroll outsourcing. The functions that these services carry out for your business are described below.

PEO as a professional Employer of Record
A company that needs more complete Human Resources services can hire the services of a PEO. These will handle all aspects of HR such as benefits, taxes, and compliance, among other related topics. Also, something you should know is that a PEO can also be a professional Employer of Record.

That is, they are co-employees with their company and assume certain risks related to the management of employees. Therefore, this is a substantial difference compared to companies that only offer payroll services. In addition, with the co-employment agreement, the PEO provides the necessary compensation for its employees.

Likewise, with this type of Employer of Record, you also obtain benefits of compliance with laws and regulations. Also, they help your company to prepare action plans and improve Human Resources practices.

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